Managers of Wealth Africa

CMA wants NSE listing for firms eyeing State Covid funds

The capital markets regulator further proposed a waiver of listing fees for the small businesses to protect them from incurring extra costs.

S. Africa: African Bank to start retrenchment process, one-third of employees affected

The bank anticipated that 1,269 employees of the current 3,728 total will be affected, among whom approximately 25 percent will lose their jobs at the end of the consultations.

FinTech Policy of the Year: South African Reserve Bank

The body was formed in 2016; its initial mission was to understand the role of fintech within South Africa’s financial sector and adapt the regulatory landscape.

Tunisia central bank chief urges govt to reduce spending plans

Tunisia's public finances are in a dire situation, with the government now forecasting a budget deficit of 14% of GDP in 2020, the highest in nearly four decades, largely due to a planned $4 billion increase in spending to alleviate the impact of the

Co-op Bank requires Sh12.5bn to revamp Jamii Bora

“Project Hope requires at least Sh12.5 billion to revamp the business into a going concern,” says NCBA Investment in the valuation report.

How to make EAC economic integration dream a reality

Even though the BoU has since circulated press statements clarifying that its regulatory powers are limited to financial institution business conducted by BoU-licensed entities in or outside Uganda and that these powers do not extend to activities of fore

Access Bank Receives CBN’s Approval to Restructure into Holdco

Access Bank has also entered into a definitive agreement with GroCapital Holdings (GroCapital) to invest in Grobank Limited over two tranches.

Businesses open as Nigeria relaxes curfew after days of unrest

Nigeria's top police official on Saturday ordered the immediate mobilization of all officers to ``reclaim the public space from criminal elements masquerading as protesters'' after days of peaceful demonstrations over police abuses and then

'Be careful' – IMF warns Ghana, other Sub-Saharan African countries over debts

It added that additional external assistance may ease some of these constraints over the short term, but ultimately countries will have to consolidate their fiscal positions to put debt back on a sustainable footing without jeopardizing longer-term growth

FATF commends the tremendous progress made by Mauritius and advises to keep this momentum

Issues by the Ministry of Financial Services and Good Governance on 25 October 2020

Botswana in talks with World Bank for budgetary support after Covid hit

Botswana's economy shrank by 24% in the second quarter of 2020

Bank of Uganda keeps key policy rate at 7pc

The announcement of the central bank rate on Thursday was delayed by nearly a week with banking industry insiders claiming the central bank’s Monetary Policy Committee meeting scheduled for last week had been postponed.

CBK opens new currency branch in Kisii

President Uhuru Kenyatta, who officiated the opening of the CBK Kisii branch, said its presence would also ease access to money sent from outside the country.

Financial Sector; Prime Target For Cyber-Attacks — Ursula Warns

She said this in a speech delivered on her behalf by Mr Alexander K. K. Abban, Deputy Minister of Communication at a forum with industry players on the impact of COVID-19 on the private sector.

African Development Bank AgriPitch Competition: $120,000 in prizes on offer during African Youth Agripreneur Forum 3-17 November

The AgriPitch competition is open to youth aged 18 to 35 who hold African nationality or citizenship and who submit their application online by 23rd October

Regulation,Tax & Compliance