Managers of Wealth Africa

Rand Firms as South Africa Wins Rating Reprieve From Moody’s

The nation is already rated below investment grade at S&P Global Ratings and Fitch Ratings, both of which shifted its status to junk in 2017.

JSE suspends IT company, threatens others

In mid-October, a South African unit of the company was placed in business rescue.

New law pushes South African banks to cut back on lending

But it will come at a cost.

Governors engaged in tussle for control of Sh120b pension

The new law repealed the Local Authorities Provident Fund (Lapfund) and the Laptrust (Umbrella) Retirement Fund Trust Deed and Rules registered under the Retirements Benefits Act, to pave way for the new scheme, CGRS.

Treasury nets Sh25bn from State agencies

CBK makes money from currency conversions, charging interest on loans to banks in terms of repurchase agreements and overdraft to the government.

Standard Bank to match over 90 African clients with China export opportunities

As the global market becomes increasingly complex, with trade protectionism threatening the free trade system, China is seeking to widen market access to the rest of the world to realise the potential of its economy and support the multilateral trade syst

Nigerian bank, Access Bank, enters Kenya’s banking sector after acquiring mid-tier lender, Transnational Bank

Access Bank with assets worth Sh1.17 trillion, has a presence in Gambia, Sierra Leone, Ghana, Congo, Zambia, China and the UK.

SA needs to mobilize, arrange human capital base to boost its global competitiveness

When nations elect great leaders, it will also assist their national competitiveness compared to other nations ranked with.

AfCFTA can move Ghana, Africa beyond aid – Barclays MD

Mrs. Osei-Poku explained that Barclays, a part of Absa, has deep insight and understanding of the African continent

Sudan agrees reforms with World Bank, IMF, AfDB – finance minister

Sudan’s new transitional government has been working to remove the country from the .S. sponsors of terrorism list, to potentially open the door for foreign investment.

African Development Bank Approves $165 Million for Angola

In approving the loan, Board members called for the monitoring of Angola’s high public debt levels, estimated at about 90% of GDP, and projected to ease to around 60% by the end of the program period.

President Kenyatta courts Arab investors to invest in Kenya

President Kenyatta urged Middle East investors not to be deterred by negative media stories that try to depict Africa in negative light while ignoring the growth and prosperity of the continent.

Africa is fertile ground for cybercrime

Mauritius and Kenya are the only countries with ‘high’ commitment levels.

Afreximbank adds to City woes by pulling its listing

Only this month Afreximbank announced plans to list global depositary receipts in London.

Kenyan parliamentary panel backs lifting cap on lending rates

“There is a sense that this will be good for lending growth and banks’ margins.”

Russia starts a new chapter in Africa

Any African government purchasing those weapons would of course no longer be directing them at colonial armies but more likely violent jihadi extremists in the Sahel, for example.

Kenya’s demonetisation: A step in the fight against corruption

All considered, the critical consideration was to balance the objective of addressing illicit financial flows and counterfeits while ensuring that the process was not disruptive to the public and the economy.

Ex-Banker Bids to Cash In on South African Takeover of Central Bank

Shareholders led by a former Goldman Sachs analyst are hoping to cash in on the plan to nationalize the publicly traded South African Reserve Bank

AfDB, New Development Bank to co-finance African projects

The African Development Bank (AfDB) and the New Development Bank have signed an agreement to promote new impact projects to improve the lives of millions of Africans.

Tunisia Plans to Repay its $4 Bn Debts in 2020

Chalgoum said the government expects funding through the current financing program with the International Monetary Fund, and the rest will be through the global financial market.

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