Managers of Wealth Africa

Kganyago Says South Africa Central Bank Ownership a ‘Zombie Debate’

The shareholders have no say over monetary policy decisions and the central bank’s mandate -- to target inflation -- is set by the government.

Nigeria: Govt to Develop Framework for Mobilising Revenue From Non-Oil Sector

The president stated that no nation could make meaningful progress without stability

African Development Bank signs 50/50 risk-sharing agreement with Natixis bank

The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totalling US$100 million, which will support commercial operations worth US$600 million in Africa over the next three years

The AIIB approves the membership of three African countries

These countries are Egypt, South Africa, Ethiopia, Kenya and Sudan.

DMO Sells N100bn FGN Bonds Today

Already, 13 financial institutions have been authorised by the Nigerian government to sell the bonds to investors.

Andersen Global Marks Growth to 50 Countries with Collaborating Firm in Zambia

The addition of MMKLP brings the number of countries with a legal presence through the member and collaborating firms of Andersen Global to 41.

African Alliance Group’s withdrawal from USE signals hard times ahead

Prior to its exit from the stockbrokerage business, African Alliance Uganda had in 2010 suspended its unit trust services, citing a low asset base, fluctuating interest rates and poor returns on investment.

Kenya: Bank Mergers Signal Sharper Job Cuts

The proposed transaction to acquire NBK will further consolidate the banking sector in Kenya

Access Bank pledges ₦1Billion to promote SMEs in the health sector

As a bank, we have a role to support the economy anyhow we can and how we do that is by empowering our customers.

Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90%

However, the cost drops dramatically by as much as 90% when money is sent through cryptocurrency-based fintech companies like Bitpesa.

Nedbank Zimbabwe caught with pants down, ordered to return $3m to client

Nedbank ran a bond note deposit promotion early last year, in which a client who deposited bond notes would be entitled to a foreign currency allocation equivalent to 50 percent of bond notes that were deposited.

NSE fines Access Bank, two others N8.12m for disclosure violations

The NSE said every listed company was required to provide the Exchange with timely information to enable it efficiently perform its function of maintaining an orderly market.

SA Bank of Athens repositioning as Grobank

The bank will be focused on building an agri-banking offering based directly on the insights gained through direct relationships with farmers and agri-businesses held across generations and will add these to its existing range of business banking product

Jersey Finance Developments in the Middle East

There is also a notable increase in the connectivity between the UAE and East Africa, specifically Kenya.

Developing new banking products to accelerate CBN’s Financial Inclusion

With the minimum risk to the CBN, the payment service providers and end users, the operation aimed at accommodating the banked, underbanked and the unbanked.

UAE, Saudi Arabia provide 3b US dollars in assistance to Sudan

The assistance bundle entails $500 million deposit into Sudan's central bank to strengthen the country's liquidity and monetary reserves.

Andersen Global Expands Africa Presence; Signs Collaboration Agreement in Economic Hub of South Africa

South Africa marks the tenth country in Africa in which Andersen Global has a presence.

S. Africa Reserve Bank Says Too Early to Claim Inflation Win

The improved outcomes were mainly due to positive surprises such as low food-price growth and a stable exchange rate, the central bank said.

South Africans still seeking UK passports despite looming Brexit

“Political uncertainty is a crucial factor, especially in emerging markets, where HNWIs ( high net-worth individuals) are often based in jurisdictions where there is a large disparity in wealth,” he said.

AfDB approves US$23 million to support agribusinesses in eight African countries

The projects are supposed to be implemented within six months and also finance upstream work of project design, including feasibility studies, business plans, product and process certification, market analysis, as well as aid them to conduct environmental

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