Managers of Wealth Africa

The economic cost of tax, our low savings rate and red tape

“Redistribution doesn’t actually help poor people to improve their financial positions or enable participation in the economy.”

Kenyan watchdog approves Commercial Bank of Africa and NIC Group merger

In March, Commercial Bank of Africa said its shareholders had accepted a share swap with NIC Group.

Nigeria central bank head nominated for second term

Central bank head first to get 2nd term in 20 years

As Europe grapples with Brexit, the African Union seeks a more United States of Africa

"The goal is to realize the union of an integrated, prosperous and peaceful Africa driven by its own citizens," he told CNN.

GMI Group Acquires Mauritius Regulatory License

The brokerage company is adding a new license to its portfolio

Clear guarantor laws will deal with lending grey areas

The amendment seemingly looks to clear the grey areas, particularly on the question as to whose property should be first realised whenever a principal borrower defaults.

New Banking Model At Play In Nigeria

Telecoms and traditional banks are being lured by a new system meant to give all Nigerians access to financial services.

Isuzu inks vehicle financing deal with Gulf African Bank

“The financing is open to everybody, it is not limited to the Muslim faith but we are looking at the entire country to help people acquire the vehicles for their businesses,” Mr Abdulkhalik said.

How the International Monetary Fund is waking up to the financial risks of the climate crisis

The paper stresses that mitigation instruments other than carbon taxes can have an important role if, for example, higher fuel prices are politically difficult or have limited impacts in countries that do not consume coal.

Kenya-Mauritius double taxation avoidance deal, a deep hole in revenue basket

Tax Justice Network found that the DTAA would undermine tax revenue mobilisation while delivering little benefit on the competitiveness front.

Equity Investment Bank partners with international research firm Tellimer

Equity Group’s CEO and Managing Director Dr. James Mwangi noted that the research portal will go a long way in achieving EIB’s vision to become a leading brokerage and investment banking firm in Kenya

How South Africa’s Economy Has Gained and Lost Over 25 Years

Unemployment rate hasn’t dropped below 20% since at least 2000

EBRD considers move to extend lending to sub-Saharan Africa

Support builds in EU capitals for more investment to stem migration to Europe

These Are Possible Candidates to Head Nigeria's Central Bank

Emefiele’s term runs out in June and he could be reappointed

Ghana’s pensions regulator is working to ensure about 11m informal sector workers have pension schemes

The National Pensions Regulatory Authority (NPRA) has said that it is putting measures in place to ensure that Ghanaians working in the informal sector are able to access a pension scheme.

Equity Bank trims staff by 392, workers miss out on share deal

The staff numbers and costs however may jump significantly as the firm goes on a shopping spree to buy four regional banks from London-listed Atlas Mara.

CEO Ade Ayeyemi keeps Ecobank on a cost-cutting diet

Except for the 2012 financial year, the group’s owners have only been rewarded for the capital they have contributed once in recent years: in 2015, with $69m paid.

Departing Hodnett gets to keep Absa shares

Also paid a long service award of a rather bizarre R5 000.

UN Secretary-General, AfDB Bank President to push development in Africa

Guterres signalled his strong support for the African Development Bank’s flagship ‘Desert to Power’ initiative, which is expected to provide electricity to 250 million people.

New laws threaten South African banks and the economy: Nedbank CEO

“Banks have a fiduciary duty to protect the deposits of their savers and investors and cannot use their funds to extend credit if they cannot be sure the loans will be repaid.”

Regulation,Tax & Compliance