Managers of Wealth Africa

Ghana central bank official urges vigilant fiscal, monetary actions

Philip Abradu-Otoo, Director of Research at the Bank of Ghana, made this call during a training session Friday for groups of business and financial journalists.

Nedbank manager loses job after signing her own R28,000 expense claims

Nedbank took the decision to the labour court to have it reviewed and set aside.

Zenith Bank Surpasses 10 Other Companies in N92.71bn Unclaimed Dividend

Unclaimed dividend is to be paid by the company as and when demanded and hence is a liability for the company.

Three Nigeria banks fined N13.5 million for default filings of financial statement for 2021/2022

The Exchange in its X-Compliance report explained that the initiative was designed to maintain market integrity and protect the investors by providing compliance-related information on all listed companies.

World Bank sees Kenya's economy slowing to 5.5 percent

The country's growth will also be dampened by high commodity prices triggered by the war in Ukraine that is driving inflation in the country.

IMF worried about impact of South Africa's growth outlook on poverty

Recovery from the pandemic has been uneven across sectors

Emerging markets with twin 4% deficits to hit record - Fitch

Tunisia, Kenya, Uganda, Rwanda, Romania and the Maldives will reportedly record deficits of at least 7%

COFI will expand the regulatory net for lenders

FAIS regulates the conduct of FSPs, however loans are not currently considered to be “financial products”. Accordingly, financial services rendered in respect of loans fall outside of FAIS.

Uganda's central bank raises key rate to 7.5pc to curb inflation

The annual headline inflation and core inflation are now forecast to average at 7 and 6.1 percent respectively in 2022, which are higher than earlier projections.

Traders in Kenya feel pain of dollar shortage

The Ugandan shilling depreciated by $0.00002, Tanzanian shilling by $0.00001, while the Rwandan franc has fallen by $0.00003.

Bank customers decry increasing fintech fraud, wants regulators to intensify efforts

Sheji said the bank had yet to reverse or replace the money up till date

Ramaphosa talks up government interventions for rising prices in South Africa

The price of fuel, which affects the price of almost everything else, has risen by a third in the twelve months to March 2022.

PIC suspends its COO for alleged misconduct

Dolamo, the PIC's executive head of research and project development, has been with the asset manager for more than 10 years.

Kathy Davey: Increasing demand for electricity will see growth of clean energy producers

Companies in the sector benefit from increased investment and government incentives

African Bank Limited's 'bad bank' has paid R4.3bn to creditors - but still owes billions more

Du Plessis said there was still R9.56 billion owned to creditors at the end of March.

World Bank Disapproves Of Central African Republic's "Sango" Crypto Hub

The World Bank has shown concerns over the Central African Republic declaring Bitcoin as a legal tender and creating a crypto hub called "Sango"

Challenges for South Africa’s rand

Foreigners sold about R18 billion ($1.2 billion) of government debt on a net basis last month, and are now net sellers of the debt this year, based on data from exchange operator the JSE Ltd.

Crypto developer 'Fluffypony' to be extradited to SA to face R1.4 million fraud charge

Spagni was arrested in the US in July last year when his chartered jet landed in Nashville, Tennessee, on its way to Mexico.

CBK cites two banks for insider loan breaches

Though the CBK withheld their identity, they are likely to be private institutions.

Kenya takes Sh138bn World Bank loan in months

The new loans were procured between January and April to help fill the Sh1.4 trillion fiscal deficit in the Sh3.3 trillion budget for the 2020/22 financial year.

Regulation,Tax & Compliance