Managers of Wealth Africa

Namibia follows SA rate cut to boost shrinking economy

The Bank of Namibia’s Monetary Policy Committee reduced the rate to 6.5%

South Africa’s Public Protector Flagged by HSBC in Connection to Guptas

The bank flagged a payment worth over US$5,000 into Mkhwebane’s account at First National Bank in South Africa in June 2014

South Africa’s Kganyago Sues After SARB Battle Gets Personal

Governor said he’d fight for the independence of Reserve Bank

Insurer and PSL head for arbitration

The PSL's main gripe is that the deal with the insurance giant triggers a conflict of interest.

Insecurity, fraud clog financial inclusion stride

The bank was actually reacting to an enquiry on the supposedly rumour and confirmed that it had started closing down unviable branches, in the wake of bank attacks across the country.

Botswana to allow citizens do business from home without licences

The president hopes the move will make it easier for Batswana to venture into domestic entrepreneurship as a way of beating unemployment in the country.

Lord Hain: Still a lot going for SA

During the USB-ED presentation, Hain argued that South Africa by no means operates in isolation.

Alarm as four firms sack 1,700 staff in three weeks

Stanbic Bank was the first about three weeks ago to announce a redundancy targeting an estimated 200 staff, while Athi River-based cement maker EAPCC last week said it would let go all its 800 workers.

Treasury orders parastatals to surrender all cash

Treasury principal secretary Julius Muia in an interview said the directive is in line with the law and a prudent way for the government to cut its cost of borrowing.

Bank of Tanzania moves to curb forex black market as 12 seized

BoT Bureaux de Change manager Victor Tarimu said that the Finance sector’s regulator was working closely with security organs to curb illegal money exchanging channels.

Standoff as MPs reject KCB’s buyout of NBK

NSSF holds 48.05 percent shares of NBK, while the Treasury controls 22.5 percent, giving them 70.5 percent total ownership.

Treasury to bail out Consolidated Bank

“We are aware and support the request by Consolidated Bank for an extension of three months to pay the note holders.”

African Union, AfDB Sign $4.8m Grant For Continental Free Trade Operation

The Continental Free Trade deal has the potential to create the largest free-trade area in the world.

Treasury seeks Sh150bn fresh syndicated loan

Despite the Eurobond being relatively cheaper especially at a time when the United States Federal Reserve Bank is cutting interest rates, Treasury officials are said to be more in favour of the syndicated loans that do not ordinarily attract much public a

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