Managers of Wealth Africa

South Africa’s banks buckle up for a bumpy ride

GDP growth in 2019 registered 0.2% compared with 0.8% in 2018, making last year the annus horribilis for the South African economy.

Kenya to regulate loan rates of digital lenders with proposed law change

Like other commercial banks, these platforms would need regulatory approval before any major change.

Zimbabwe Mobile Operator Denies Money-Laundering Charge

When it issued the warrant last week, police said they were investigating Econet Wireless for suspected money laundering.

European banking regulator to probe Luanda Leaks’ allegations

European lawmakers have demanded the regulator assess “whether there were breaches of either national or EU law, and to assess the actions taken by financial supervisors.”

A Fishy Business: Shifting Profits Out of Africa

An analysis of the leaked files by Finance Uncovered, as well as public documents and the company’s financial statements, suggest Samherji used various techniques to reduce taxes in Namibia by shifting money to low-tax destinations like Cyprus and M

Coronavirus: IEA proposes 7 economic policy initiatives for Ghana’s immediate, long-term growth

To facilitate Ghana’s immediate and long-term recovery, the IEA stated in a press release that detailed the seven economic policy proposals that the country’s revenue mobilization regime would need a facelift.

It's now easier for SA customers to take legal action against banks

Additionally, steps have been taken to remove restrictive clauses that could potentially have excluded smaller firms from the market.

Kenya records 50pc drop in value of Mergers & Acquisition

Twelve of the 15 deals in the first half of 2020 were cross border transactions.

Dubai authorities rejects the application of Nigerians applying for a tourist visa

Do you think the visa restrictions was due to the arrest of the Nigerian fraudster Hushpuppi?

Total secures Africa's biggest debt financing with LNG deal

French oil major raises $15bn from lenders to develop project in Mozambique

Making the COVID moment count

Most governments’ economic responses to COVID-19 have been aimed at preserving the status quo and facilitating a return to normal.

IFC backs NSIA with €25m

In February 2020, IFC invested in a XOF40bn ($67.5m) securitization program with NSIA.

US authorities move to seize ex-Gambia dictator's mansion

Jammeh acquired at least 281 properties during his time in office and operated more than 100 private bank accounts directly or through companies or foundations in which he has shares or an interest

18 airlines seek restart funding from Central Bank of Nigeria

Airlines that have submitted their documents for CBN restart funds include Dornier Airlines, OAS Helicopters, Omniblu Aviation, Quorum, Allied Air, Top Brass, TAL, ANAP Jets, West Link, Jed Air, Executive Jets, Kings Airlines and First Nation Airways.

Regulation,Tax & Compliance