Managers of Wealth Africa

Absa's split from Barclays as good as complete

The process of separating from Barclays is now 99% complete

We need stricter regulations for private equity fund firms

Whilst Fairmont’s case comes against the background of a government-ordered shutdown of many economic activities, some cases are simply egregious.

African Development Bank approves $288.5 million for Nigeria COVID-19 Response Support Program

The loan is the Bank’s initial response to help mitigate the slump in oil prices and its impact on the national economy

Shinhan, Hana team up to participate in Africa syndicated loan

Shinhan was recognized for its overseas project financing experience involving wind energy and telecommunications

How Eurobond owners forced Kenya from G20 debt relief

The goal was to free up more than $20 billion (Sh2 trillion) that poor or struggling governments could use to buttress their health services.

African Development Bank approves new five-year strategy for Nigeria amidst COVID-19 concerns

The approval was made on 27 May 2020

Irene Charnley Must Vacate Her Seat on the PIC Board, Urges Holomisa

The United Democratic Movement would argue that there is enough evidence to warrant that Charnley must vacate her seat on the PIC board immediately.

Sanlam Uganda insurance company pays back its premium clients

As the global pandemic continues to wreak havoc across the world, it has not only claimed over 300,000 lives but also businesses says Lutakome.

African equity capital markets activity see downward turn, but increase in domestic investors

The Making Finance Work for Africa (MFW4A) partnership and PwC Nigeria co-hosted a webinar to explore the impact of COVID-19 on African capital markets last month

US demands probe of AfDB chief’s conduct

The US is AfDB’s second largest shareholder after Nigeria with a 6.5 per cent stake

Long awaited OTC Margin Rules are now final

The key piece of information the industry has been waiting for, the start date for the phasing in of the requirements to post IM and VM

African Development Bank Reduces Poverty After a Decade of Transformative Action

The replenishment represented a 35% increase in financing for low-income African countries at the end of the fifteenth replenishment of the African Development Fund, the concessional window of the Bank Group.

Payments push interbank rate to 7-month low

As a result of the payments, commercial banks were able to retain an excess of Sh35.2 billion at the CBK vaults relative to the minimum of 4.25 percent of their total deposits as required by the authority.

Solly Moeng | First things first: We must be able to trust those running our SOEs

The only worry is that no one on the political left will admit that the state has a poor record in managing anything that involves a lot of money.

FNB is massively cutting SLOW lounge benefits on eBucks – for even its wealthiest clients

FNB on Monday announced annual changes to the eBucks rules, saying those "will make it easier for customers to earn more eBucks".

Should Ghana Be Part Of EU’s Money Laundering, Terrorist Financing Blacklisted Countries?

Though principally for mass educational purposes, the article also touches on whether there are double standards in how the EU enforces anti-money laundering and countering terrorism financing (AML/CTF) laws

Nedbank, Rand Merchant Bank join 28 banks charged with rand manipulation

The banks had contended that SA's competition authorities did not have jurisdiction over their activities that took place outside of the country.

Forex reserves fall Sh22bn on Eurobond payments

The interest is paid in two equal instalments every six months, working out to $79.5 million (Sh8.5 billion) every May and November.

African Bank taps Arctic Intelligence for anti-money laundering

The solution will also comply with the latest regulatory guidance.

BoG announces measures to boost liquidity in financial sector

At the 94th press conference of the Monetary Policy Committee, the Governor of the Bank of Ghana (BoG), Dr Ernest Addison, said microfinance companies that met eligibility criteria agreed on would also qualify for the support from ARB Apex Bank.

Regulation,Tax & Compliance