Managers of Wealth Africa

Tanzania: Govt Asks for Extradition of Former Senior Banker

The three have been charged with money laundering, forgery, abuse of position, corruption, obtaining advantage and transfer of proceeds.

SEC, NSE revoke 21 stockbrokers’ licences for fraud, others

A circular obtained at the weekend by The Nation indicated that 17 firms were deregistered by SEC, three expelled for failing to activate their licences and one kicked out for fraud.

Hong Kong signs data-sharing deal with South Africa and Portugal

It is the latest data-sharing agreement signed by Hong Kong

West African Digital-Currency Project Shunned by Central Bank

The central bank warned the BRM against the use of the term eCFA

Nigeria: Union Bank to raise $164m to boost capital reserves

Union Bank is seeking opportunities as the government is looking towards agriculture and solid minerals to diversify the economy away from oil and reduce imports.

Kenya: Chase Bank Owners Fault CBK's Plan to Sell Stake

"Our position is that a deal cannot be done without the shareholders being part of the process."

Nigeria cabinet approves $1.3 billion loan for development bank

The loan money is made up of $500 million from the World Bank

Nedbank CEO Says S. Africa Banks Need Policy Certainty

He speaks on "Bloomberg Surveillance."

Bankers partner with technology firm on agency banking

The Uganda bankers’ Association has partnered with a Kenyan Financial Technology firm, Eclectics international, to form a centralized digital platform that will enable banks to share agents, once agency banking is rolled out.

Senior central bank officials defend globalisation

In an opinion article by Sarb deputy governor Daniel Mminele and executive board member of the Bundesbank Andreas Dombret, published on April 3, the pair focus on the growing support for tighter controls on trade and migration.

Singapore, Ghana Sign New Double Tax Treaty

The agreement will come into force after its ratification by both countries.

Valartis Group divests minority participation in Algeria

The 2016 Valartis Group consolidated financial statements, in accordance with International Financial Reporting Standards

BoG to name institutions that flout anti-money laundering Acts

The completion of a National Risk Assessment report by the Law Enforcement Coordinating Bureau.

Kenya's budget paves way for Islamic finance

A body setup by the government to coordinate efforts among its regulatory agencies.

DBN to serve as a wholesale bank for MfBs to on-lend

The ministry had in a statement assured that the operations of the development bank would not eliminate the other existing development finance institutions in the country.

Nigeria Stock Exchange CEO expects parliament to approve IPO this year

The bourse’s primary listing would be in Lagos, with the option of a secondary one abroad, Onyema added.

Ghana names monetary policy expert Addison as central bank governor

The fiscal problems and a decline in global prices for Ghana's exports of gold and oil have led to a sharp slowdown in growth in a country that until 2014 had been one of Africa's fastest-growing economies.

Kenya's central bank seeks bidders for stake in Chase Bank

KCB Group was appointed its manager and the central bank had promised to return the bank to normal operations by the end of the first quarter of 2017 but this has been pushed back.

Peter Montalto: This Is An Attack On South Africa's Treasury And Will Trigger Multiple Downgrades

Zuma is 'much stronger than the market thinks he is . . . This is not over yet.'

All the agreements Ghana signed with Mauritius including exchange of nurses

Ghana’s DTA with Mauritius brings the number of countries to 10.

Regulation,Tax & Compliance