Managers of Wealth Africa

Is Tech In Africa A Job Killer Or Job Creator?

The large number of unemployed youth in Africa is a problem that is slowly coming into view as one of the biggest challenges of the 21st century.

FirstBank Partners NESG

The Nigerian Economic Summit is the foremost credible platform for public-private dialogue which enables policy makers and influencers to deliberate on issues, proffer policy options with a view to a better understanding of our national economic policy di

Alexander Hamilton’s Credit System Is Necessary for Africa’s Development

To provide credit for the newly united colonies, Hamilton designed the National Bank of the United States in 1791 at the request of President George Washington.

Reasons for entrepreneurs to consider setting up an offshore business

Access to opportunities rather than tax efficiency is the guiding principle.

Going, going, gone: African dictators losing luxury lifestyle amid money laundering crackdown

Their sale represented “a highlight of the international motoring calendar,” enthused James Knight of Bonhams, the presiding auction house.

70% debt service unsustainable, Nigeria may default –Experts

The recent announcement by the World Bank Vice-President for Africa, Hafez Ghanem, that the global financial institution is in talks with the Nigerian authorities for as much as $2.5 billion in a new tranche of concessionary lending to Africa’s most

BitMinutes, Akoin Announce Partnership They Hope Will Transform Africa and the Lives of Its Citizens

While executives at the two companies have been talking for more than a year, their collective progress as individual companies made the timing right for a partnership, according to Tom Meredith, the CEO and founder of BitMinutes.

Citigroup Among Banks Hit With $1.4 Billion Nigerian Penalty

The sanctions come three months after the central bank gave lenders until Sept. 30

Kenya: African Development Bank Group approves loans of €209m for expansion of ‘Great North Road’

The five-year project will convert the 84km Kenol–Sagana–Marua Road in central and eastern Kenya from a two-way single carriageway into a dual bypass

Afreximbank, UN chief task African leaders on manufacturing, trade

He also stressed the need for Africa to focus on skills development

South Africa’s risk premium limits room for rate cuts, says Reserve Bank

While price growth has shifted close to the middle of the band of 3% to 6%, expectations remain above 4.5%, suggesting that the rate has not yet been anchored at the midpoint, according to the Reserve Bank.

CBK declares old notes worth Ksh 7.39B valueless

Individuals are still in possession of the now obsolete 1,000 shillings notes worth over Ksh7 billion.

Moyo wants R250m in damages, says Old Mutual

Moyo said his primary intention is to get his job back.

Big fund manager fined R100m after one of its unit trusts lost 66% in three days

The FSCA found that METCI did not have proper risk management processes in place to manage and exercise proper control, oversight and governance over the fund.

Nigerian Banks miss deadline to ramp up lending

The central bank in July gave banks until the end of September to show that they use at least 60% of their deposits for loans, or risk being punished with more onerous cash-reserve requirements.

Union Bank secures $200m funding for SMEs

Under the terms of the agreement, Union Bank will receive a 10-year term loan of up to $200m from OPIC for investments in digitisation, on-lending to the Small and Medium Enterprises and funding for women-led businesses.

Thinking beyond tax: a Mauritius perspective

On 26 September we were delighted to welcome members of the France-Mauritius Chamber of Commerce and Industry (CCIFM) to our Mauritius office as we hosted a panel discussion on the theme: “Finance Act 2019: impact on investors and entrepreneurs&

KRA can’t trace Sh800bn wired from offshore banks

About 3,403 applicants took advantage of the three-year amnesty window to repatriate the billions tax-free in a period when they were not required to declare the source of their wealth or even account for previous years’ tax arrears.

NBC Ghana Trust CEO calls for transparency in pension trustee administration

The Bank of Ghana recently completed banking reforms which led to the transition and collapse of seven commercial banks for a variety of reasons.

Ex-Rössing employees press on for pension surplus

Kapembe further demanded that the payment to former employees be made known through the media in order to prevent further confusion among the beneficiaries.

Regulation,Tax & Compliance