Managers of Wealth Africa

NSE approves Access Bank’s listing of 6.6bn more shares, delists Diamond Bank

This follows the suspension of trading in the shares of Diamond Bank Plc.

EIB to support Africa’s growth capital investments

The fund seeks to contribute to the development of the private sector in North Africa by increasing access to capital for local SMEs and mid-market companies.

CBK window boosts top banks’ profits but tough 2019 signals

The Central Bank of Kenya spared lenders from charging increased loan-loss provisions in their income statements in the first year of the IFRS 9 regime (January 1 to December 31)

Court nullifies Kenya’s tax deal with Mauritius

The continental initiative, which promotes accountable and progressive taxation systems said Kenya failed to subject the tax agreement to the due ratification process in line with the Treaty Making and Ratification Act.

Standard Bank, Founders Factory Africa partner to grow businesses across Africa

Speaking at the recent Business Day TV SME Summit in Johannesburg, Oshry said that a 2017 study on the financing challenges for SMEs revealed that 95% of South African entrepreneurs bootstrapped their businesses.

Foreign buyers of Ugandan securities now invest in treasury bonds

Katarikawe said offshore investors now hold 7 percent in total in Uganda government securities, which translates to 1.8 trillion shillings (493 million U.S. dollars)

Afreximbank Identifies Challenges to Cross Border Investments

Those investments create supply chains back to the home country of the investors. As intra-Africa trade grows, intra-African investments are also rising.”

KCB to revise its buy offer for Imperial Bank assets

KDIC chief executive Mohamud Ahmed said late December that Kenya’s largest bank by assets was at the time conducting due diligence that would pave the way for takeover of the unnamed branches.

Judiciary faces Sh216m loss from Chase Bank bonds

Mr Ouko says the terms and conditions of the contracts for construction of 28 law courts required each contractor to submit a performance bond to secure the employer (Judiciary) in case of failure to implement the projects as provided in the signed contra

African Development Bank approves $20 million investment in Uhuru Growth Fund

The proposed investment will give the Bank approximately 10% of the Fund’s target capitalization of $200 million.

AfDB Approves €12.5m Fund For SMEs In Francophone West Africa

The geographical focus of the Fund will be on a handful of countries where economic prospects, and the Fund’s networks, result in opportunities.

GDPR and Data Protection Law in Mauritius

The GDPR is intended to provide much greater harmonisation and protection within the EU in respect of data privacy and security issues

Banking Consultant calls for stricter banking reforms to avert future crisis

The Respected CEOs Breakfast Series was organized by the Business and Financial Times.

Increased Interest by High Net Worth Individuals of South Africa for the Cypriot Citizenship by Investment Program

Cyprus, the third largest island in the Mediterranean, member state of the EU since 2004 and a member of the Eurozone since 2008, is a business hub, a welcoming environment and a very popular tourist destination.

AfDB, financial institutions, others move to close Africa’s infrastructure gap

The Platform is developed in partnership with the Inter-American Development Bank’s ConnectAmericas-a global digital community with 200,000 registered business users

Humphrey Kariuki fights Kenyan dual citizenship law

Mr Kariuki is challenging provisions of Section 8(4) of the Immigration Act which prescribes a fine of Sh5 million, three years' imprisonment, or both

Diamond Bank’s shareholders to get Scheme Consideration of cash and shares

Recall that Diamond Bank’s shares, were recently placed on indefinite suspension on the Nigerian Stock Exchange (NSE).

Sanlam Asset Management selects AQMetrics to provide AIFMD Annex IV regulatory reporting

Sanlam will utilise AQMetrics software technology to automate Annex IV reporting

Africa’s Climate Change Week Brings Massive Investment Opportunities

The media, policymakers and private sector representatives huddled into the Main Hall to welcome the President Nana Addo Dankwa Akufo-Addo who said, against the backdrop of the disastrous cyclone, Africa Climate Week must “provide more practical sol

The ANC's promise to SA: It's the end of the road for corrupt officials

The ANC said that it will further "ensure speedy implementation of lifestyle audits and broaden vetting and financial monitoring in the public service to curb corruption".

Regulation,Tax & Compliance