Managers of Wealth Africa

Rand runs out of momentum

The rand traded flat overnight. Expected range today R14.80/$ - R15.20/$.

Travel restrictions for South Africa as countries ban entry over Covid-19 variant

This week Denmark said that it has also include South Africa on its list of ‘banned countries’.

South Africa hits grim milestone as it considers tougher restrictions

A further 844 deaths have been reported, with 452 new deaths reported in the Eastern Cape alone.

SA-based Global Credit halts Prime Bank’s Tausi Assurance rating

Prime Bank bought Tausi Assurance in 2018 in a takeover that saw the lender gain 80.7 per cent control of the insurance solutions provider.

Debt pain as payment of Sh162bn Naivasha SGR loan starts

The railway line linking Nairobi to Naivasha was opened on October 16, 2019 to help provide a seamless rail transit from Mombasa to the Ugandan border town of Malaba.

Audit woes at Land Bank has bondholder worried

‘Without the extraordinary government support, Land Bank is not financially viable’ – Nedbank analyst.

GH¢21 billion spent on banking sector clean-up - Akufo-Addo

The outcome is a smaller but more sustainable banking industry, though this has come at a price.

Can Zimbabwe take advantage of Africa’s new free trade zone?

Many African countries - including Zimbabwe - have pinned their hopes for economic renewal on the African Continental Free Trade Area (AfCFTA) agreement that came into force on 1 January 2021.

Why you need to switch to a new Pension Fund Administrator (PFA)

At Premium Pension, you have a dedicated account officer always ready to attend to any concerns or issues you might have.

Drop governors’ plan to borrow pension funds

Basically, it is laughable that a government that could not successfully manage its oil revenue and humongous domestic and foreign debts is now dreaming of accessing the pension funds contributed by toiling workers and their employers.

FCMB probes MD’s alleged unethical conduct

The petitioners are also asking the CBN and the FCMB board to dismiss Nuru on ethical grounds.

The Job Of Tomorrow

Some jobs will disappear and others will emerge as the world faces a dual disruption

Rwanda: Why Rwanda Amended Law On Nationality

The minister said that the organic law of 2008 needed to change since there were many developments on the national and international level.

New standardised bank cheque takes off

The CBN had emphasised its commitment to ensuring an enabling environment for efficient cheque processing and other paper-based payment instruments through complete application of new and already adopted technologies.

High-risk banks start paying higher premiums from July

Kenyan lenders are required to pay the annual deposit insurance premiums in July of every year

Insurers now face capital deadline amid rising losses

The 56 insurers and five re-insurers paid Sh15.3 billion in claims pushing them into losses.

After Covid-19: Reviving ruined economies using limited resources

It is argued that East African governments will spend a significant portion of their revenues on debt servicing thereby reducing the funding for development projects amid diminishing revenue collections.

Welcoming New Year with a renewed sense of hope

The question of the day is, “are we mentally and spiritually resilient to enter 2021 despite the drawbacks of the year 2020?”

Treasury borrowing from banks up 440pc as tax target falls short

Banks have cited delays by the CBK, the regulator, in approving a risk-based loan pricing formula amid a coronavirus-induced slowdown in economic activities for increased lending to the Treasury at the expense of the private sector.

Only 11% of workforce is enrolled in the pension scheme – PenOp

She assured that contributors under the Contributory Pension Scheme (CPS) can be rest assured that the Pension Fund Administrators (PFAs) and Pension Fund Custodian (PFCs) together with the regulator PenCom will continue to ensure the safety of pension as

Regulation,Tax & Compliance