Managers of Wealth Africa

Britain’s StanChart bails out Zim govt

The clearance of arrears could also result in possible debt treatment by the Paris Club and non-Paris Club bilateral creditors through an IMF financing programme.

Kenya not yet ready for more accommodative policy – Njoroge

“The committee noted that there was some room for accommodative monetary policy in the near term, as well as the risk of perverse outcomes,” Patrick Njoroge said in a statement published after the meeting.

NITEL retirees laud FG over ongoing pension verification

Newsmen further reports that the exercise brought some hundreds of NITEL retirees together at the centre.

Nigerian regulators set deadline for 9mobile takeover bid

Nigerian lenders picked Barclays Africa to try to find new investors for 9mobile after banks took over the telecoms firm

Kirkland & Ellis scores key role on restructuring of scandal-hit Steinhoff

US firm advising alongside Linklaters on struggling Poundland owner's debt restructuring

Afreximbank Taps Islamic Finance to Support Africa Trade

Afreximbank said it would use the facility to provide sharia-compliant financing to small- and medium-sized enterprises across its member countries.

Tanzania shuts 5 small community banks to protect financial stability

“The aforesaid banks are critically undercapitalised,” the central bank said in a statement.

African Holding Company VP Urges Central Bank to Buy Bitcoin and Ditch Dollar

The alternative Mr. Nduom advocates is for more investment in bitcoin.

AfDB, Nordic Development Fund, Global Environment Facility and Calvert Impact Capital partner in US $55-million investment into Off-Grid Energy Access Fund

Over 600 million people are estimated to lack access to modern energy in Sub-Saharan Africa.

South Africa's rand recovers on brighter political outlook

Traders said the rand’s gains were overdone and out of step with the economic fundamentals, and that Ramaphosa’s narrow victory would constrain any major policy reforms.

Nduom Urges Bank Of Ghana To Invest 1% Of Ghana's Reserves In Bitcoin

In an exclusive interview with JoyBusiness, Mr Ndoum said Ghana can have a lot of foreign exchange with the right investments in the digital currency.

Ghana rules out licensing of new banks in 2018

According to him, the decision will afford the central bank time to carefully monitor financial institutions as most of them are expected to meet the new capital requirement deadline next year.

ITFC, Afreximbank support African trade with $100m, 50m Euros

Afreximbank has a solid pipeline of projects in the industrial, communication, technology, healthcare, construction and agricultural sectors that would be financed by the ICD Line of financing.

South African central bank attacks ANC nationalisation move

Delegates also adopt resolution for state to expropriate land without compensation

Absa applies for Jooste-linked company’s liquidation

Bank asks for investigation into R1.5 billion asset transfer.

Regulation, tech and digital innovation to disrupt South African banking

The entry of digital technology into financial transactions has caused a revolution in banking industries across the world, including in South Africa

Pensions regulator kicks off search for chief executive

Mr Mutuku was previously chief manager for research and development at RBA for 12 years, where he joined from Central Bank of Kenya’s research department.

South Africa Wants to Track and Tax Bitcoin Trading

The South African tax man revealed that Sars is working with similar agencies from different countries on implementing new policies for tackling the issue

Filthy rich: The lavish ways of Africa’s longest self-serving dictators

The former First Family of Zimbabwe – The Mugabes – deposed by the military, after the tanks rolled out on a weekend now four weeks gone, must surely rank top of this list.

Barclays Africa Group Limited and the China Development Bank ink deal

This partnership will unlock opportunities that are aligned to our shared growth approach and could facilitate positive socio-economic impact.

Regulation,Tax & Compliance