Managers of Wealth Africa

A disciplinary hearing for Deloitte's auditors of African Bank took 2 years, and it's finally over

The IRBA argued that Jordan became too close to former Abil CEO, Leon Kirkinis, to the point that he did not address management bias.

Kenya is not facing debt crisis, assures Treasury CS

The government has rolled out an aggressive fiscal consolidation exercise in the face of shrinking revenue due to the Coronavirus pandemic.

Digitalisation's mixed development record

Does digitalisation drive future-proof development for the Global South? A closer look fuels doubt about too much optimism

Inside the looming court case that could force insurers to pay Covid-19 claims

However, some insurers, including Santam, also promise to cover their clients for notifiable infectious diseases and the cover is largely sold to the hospitality sector.

Investing in Africa: The Role of International Finance Centres

Matthew Gilbert, head of Maples and Calder's British Virgin Islands team at the Maples Group's London office was recently quoted in an African Review article where he spoke about investing in Africa and the role of international finance centres.

Central bank overdraft declines to lowest level since March

The overdraft facility, a temporary source of cash to cater for emergencies and priority payments, is usually used by the Treasury when revenue streams such as tax receipts and debt do not flow in at a pace that matches expenditure demands.

African Development Bank and development partners propel Somalia back from the brink

The Bank’s current portfolio in Somalia totals $298 million, covering operations in agriculture, water and sanitation, transport, social and energy, and multi-sectoral projects

How banks can turn risks into opportunities during a crisis like Covid-19

This is why banks need to build up a strong buffer to protect against these risks.

Mauritius Budget 2020/21 - Ocorian Analysis

The government’s strategy to create a platform for sustainable growth in a “new normal” world is commendable.

Doo Prime Gains Mauritius Regulator’s Discount Broker License

The brokerage is also licensed under the Vanuatu regulator.

UAP renegotiates Sh10 billion loans burden on losses

“By mutual agreement with the directors of Old Mutual Holdings Limited, the maturity date of the loans has been extended to 2021 as the directors make arrangements to settle the loan,” the insurer said in the report.

MPs want Kenya to renegotiate commercial loans

Majority Leader Aden Duale said the budget is being prepared at a time when the economy is stressed and it ought to respond to the challenges of a crisis whose timeline is unknown.

UAP renegotiates Sh10 billion loans burden on losses

Old Mutual is UAP’s controlling shareholder with a stake of 60.5 percent and which was acquired in 2015 at a cost of Sh20 billion from a consortium of investors including businessman Chris Kirubi.

Digital lenders name and shame rogue peers as CBK noose draws closer

The first ever condemnation of a peer by the digital lenders comes even as the Central Bank of Kenya (CBK) pursues regulations to tame the credit only start-ups following numerous complaints by Kenyans.

Banks Get Major Boost To Combat Money Laundering In Real Time…As CWG Links Up With Clari5

With 200 mn accounts at a single site, Clari5 has the world’s largest implementation of a fraud management solution.

Genghis Capital announces partnership with EGM Securities

The partnership allows Genghis Capital to offer its clients the ability to trade for themselves in the global space.

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

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