Managers of Wealth Africa

Credit demand seen rising as businesses recover from Covid hit

Analysts have projected that CBK is likely to approve the risk-based pricing model that would see the cost of loans jump by one to 1.5 percentage points.

Kenyans abroad set to get incentives for investment

The Bill seeks to amend the Kenya Citizenship and Immigration Act to require Foreign Affairs Cabinet Secretary, in consultation with the relevant Kenya mission to promote the establishment of voluntary savings scheme for Kenyans living abroad.

AU member states adopt digital Covid certificates

The AU has already notified all its members on the new applications for the simplified health-related immigration processing for travellers and port officials to ensure the continent continues to control the spread of Covid-19.

Loan rates to jump on loosening CBK controls

The rates were finally removed in 2019, but banks were required to develop loan pricing formulas to be approved by the CBK.

Kenya now eyes Sh69bn debt service suspension

The move comes days after a decision by the Paris Club of international decision to give Kenya a Sh32.9 billion loan repayment break to help ease the financial distresses linked to Covid-19.

Absa fires, lays criminal charges against data leak employee

The data that was shared does not include passwords or PIN codes.

Loan rates to jump on loosening CBK controls

This formed a rallying call for Members of Parliament to cap interest rates in 2016 at 4 basis points above CBR.

Kenya now eyes Sh69bn debt service suspension

He added that Nairobi is also engaging Beijing, which is Nairobi's largest bilateral creditor under the framework.

Nigeria: AfCFTA - Ecobank Pledges to Facilitate Payments for Customers

With this Pan-African exposure, the governments and our customers will re-evaluate their businesses to efficiently take charge of bigger opportunities.

Review of agric intervention policies necessary, say bankers

“It is also notable as this is my first experience addressing you as the president/chairman of council of our great institute.”

AfCFTA: Ecobank Pledges to Facilitate Payments for Customers

According to the Ecobank Group Chief, the banking group is one of the key supporters of the AfCFTA which he believes will be of great benefit to both the continent and customers of the bank.

Rent, land rates bring Nairobi most revenue

Fire inspection certificate recorded Sh54.9 million from a target of Sh60 million, representing a 91 percent performance although the figure was a Sh3 million decrease from the previous financial year.

CEOs in tight spot on corporate breaches

In developed economies, breaches in money laundering laws have led to increased deferred prosecution agreements between justice departments and global banks, their executives, and independent board of directors.

Africa Free Trade Agreement: President Adesina receives award for strong leadership and support

Boshe, a patron of the AeTrade Group, thanked the awardees for their strong leadership in the process that led to the African Continental Free Trade Area coming into force

Nigeria: Govts, Firms Raise N4 Trillion From Capital Market in 2020

The government dominated the bond issuance, accounting for over 90 per cent while in the equities space, companies raised N1.415 trillion through rights issue and mergers and acquisition (M&A).

CBK forex reserves fall to 34-month low

The interest on the paper is paid twice annually, in June and December.

Cash-strapped counties fail to pick Sh35bn at CBK

“We appeal to them to make full use of these funds in the meantime as further disbursements from the Exchequer are made in due course.”

Kenya is headed for IMF’s bitter pill

The biggest Chinese loans on our external debt register are the various facilities we took up for the standard gauge railway.

Stanbic IBTC Bureau De Change Discontinues Operations

It added: “The intention is to repurpose this subsidiary for other business venture in the near future, and stakeholders would be duly notified when all engagements have been concluded in this regard.”

IMF approves Angola’s $ 487m disbursement

At the time of the third review, the Executive Board also approved the authorities’ request for an augmentation of access of SDR 540 million (about $765 million at the time of approval) to support the authorities’ efforts to mitigate the impac

Regulation,Tax & Compliance