Managers of Wealth Africa

Uganda misses social media tax revenue target

Uganda intends to collect about Ush100 billion ($26.6 million) before the end of the 2018/19 financial year.

Ramaphosa pushes African free trade agreement, private investment

To extract the real value of a continental free trade area, we need to have the means to produce the goods that we want to trade.

South Africa central bank concerned about MTN debts

MTN is based South Africa with a big footprint on the continent.

Orient Bank selected Acumen-net for their Treasury Management operations

The solution also supports risk management functions for counterparty risk, market risk and offers a comprehensive approach to handling risk related issues so as to safeguard the bank’s operations.

MTN Nigeria $10 Billion Feud Puts South Africa at Risk

Claims against wireless firm could have knock on effect: SARB

Ghana’s banking sector is sound & robust- Alhassan Andani

The uneasiness of the banking and Ghanaian public about the banking industry is justifiable due to the occurrences over the last two years.

South African Bank of Athens changes hands

The deal saw the purchase of 99.81% of SABA’s shares by AFGRI Holdings Proprietary Limited and one of its subsidiaries, GroCapital Holdings, from National Bank of Greece and NBG Malta Holdings.

New agency to administer Ethiopia’s mega firms

The companies to be administered by the agency include Ethio Telecom, the Ethiopian Airlines Group, Ethiopian Shipping Lines and Logistics Enterprise and Ethiopian Insurance Corporation.

Abraaj fund investors hire Duff & Phelps to help recover money: sources

The fund is one of several where court-appointed liquidators Deloitte and PwC have yet to pick preferred bidders for management rights.

UPDATE 2-Sluggish credit flow imperils Kenya's economic growth -Equity Group

The central bank governor said in September the cap is strangling the economy and banks say they cannot properly price risk to small and medium enterprises while the cap is in place.https://uk.reuters.com/article/equity-bank-results/update-1-kenyas-equity

20 banks meet new minimum capital requirement - Elsie Awadzi

Second Deputy Governor of the Bank of Ghana (BoG), Elsie Awadzi, has revealed that 20 banks have so far met the Central Bank’s minimum capital.

FirstBank Affirms Commitment to Ethics, Corporate Governance

Omamegbe said FirstBank is a responsible organisation that believes in robust corporate governance and sound ethics and that it was desirous of passing this on to the youth and Nigerians generally.

German Devt Bank Invests €31m Capital in InfraCredit

The investment is accompanied by a technical assistance grant to support InfraCredit’s market development and capacity building programme.

EOCO grills failed banks’ directors

The defunct banks are uniBank, Capital Bank, UT Bank, Construction Bank, Royal Bank, Sovereign Bank and Beige Bank.

SGG Group completes acquisition of Lawson Conner

The acquisition strengthens SGG’s service offering to fund managers through the provision of a complete suite of compliance and regulatory services.

HSBC and UBS shut offices in Nigeria

HSBC had recently become mired in the country’s political debate.

Deutsche Bank and Standard Bank sign deal to finance US agri exports to Africa

The agreement ensures that Standard Bank is now one of the preferred issuing banks to the Commodity Credit Corporation, Deutsche Bank writes in a statement.

FNB working with regulators to crack down on instant EFT services

South African banks have stated that they disapprove of these services, as they violate their terms and conditions and can compromise the security of user credentials.

Chad Gets World Bank’s $125m Lifeline

The World Bank’s assistance to help fund development projects will be was provided as donations in the framework of two agreements signed by Chad.

South Africa Central Bank sees higher rates to curb inflation

The South African Reserve Bank sees higher interest rates in the next two years to help contain accelerating inflation.

Regulation,Tax & Compliance