Managers of Wealth Africa

Africa’s Battle for the Soul of its Development Bank

According to him, the petitioners were manipulated by a group of non-regional executive directors, not for the good governance of the African Bank, but to discredit his candidacy.

African Development Bank: 'No Decision' Yet on Demands for Probe

The AfDB's ethics panel completely cleared Adesina after conducting its own investigation, saying the accusations "rested on no objective, solid facts."

SA’s developmental finance bodies fall short on transparency

How well do SA’s two developmental finance institutions, the Industrial Development Corporation and the Development Bank of South Africa, measure up to best-practice international standards?

South Africa faces ‘historic’ Covid-19 economic shock

The debt service cost of government continues to increase, the SARB said.

Ramaphosa wants a debt freeze for Africa - and others agree

According to the World Bank, some creditors are committing to honour the proposal to put a hold on debt obligations.

Cabo Verde: African Development Bank Group approves 30 million euros loan to fight COVID-19

The loan, approved on 26 May, will be used to fund the country’s health and social response, support macro-economic stability, and assist the private sector

AU, Ecobank decry limited support to MSMEs

Based on this estimated financing gap, Ecobank said only six out of 20 countries have made commitments that can cover the MSMEs labour costs, including South Africa, Egypt, Cote d’Ivoire, Gabon, Chad and Cape Verde.

Everything you need to know about moving money out of South Africa

How you intend to transfer your cash, assets and investments is one of the most important.

The African Union Development Agency (AUDA-NEPAD) and Ecobank Group announce the key focus areas of their joint initiative to support Africa’s Micro Small and Medium Enterprises

Micro Small and Medium Enterprises (MSMEs) are critical to the African economy as they account for almost 85% of all private sector employment

Bill proposes CBK-rate fee on late payments

In last month’s meeting, the Monetary Policy Committee made a 25-basis point cut in the base rate, to seven percent from 7.5 percent, which marked the fourth straight cut in the rate since the November 2019 meeting.

Africa Beyond Covid-19: Global leaders urge government, private sector collaboration

Through this virtual panel discussion, leaders emphasised the need for meaningful collaboration between governments and the private sector, as a requirement for the quick recovery of the economy of the African continent post-Covid-19.

US Treasury pressure leads to new probe of African Development Bank chief

Unidentified whistleblowers accused Adesina, 60, of handing contracts to acquaintances and appointing relatives to strategic positions.

Global lenders back plan for SMEs loans guarantee scheme

Restaurants, bars and retail stores are already struggling with a decline in customer demand, repayment of bank loans, rent and utility bills, amid worries of a spike in non-performing loans under the sector.

U.S. Treasury Pressure Leads to New Probe of African Development Bank Chief

Adesina didn’t immediately respond to an emailed request sent after regular business hours seeking comment, while a call to his mobile phone didn’t connect.

Senegal tears up its double tax treaty with Mauritius

Before the covid-19 pandemic, Mauritius was ranked the second fastest-growing wealth market, beaten only by China.

Stephen Koseff calls for JSE rule change to allow companies to quickly raise cash in times of crisis

Former Investec CEO says local equity markets has been closed during current crisis on account of rules that require shareholder approval to issue shares

FinSwitch selects FNZ to provide blockchain technology to South African investment industry

The partnership will enable trading, reconciliations, account opening, pricing, transfers, sharing of instrument data, regulatory reporting, and more for FinSwitch clients.

Relook new CRB regulation on banks

The regulation is an attempt to unlock credit to hard hit firms and individuals impacted by the coronavirus pandemic.

US Treasury secretary demands independent probe of African Development Bank head

The intervention by the Treasury, the AfDB’s biggest non-African shareholder, comes two weeks after the ethics committee found no evidence to support allegations of favouritism by Adesina.

Debt headache worsens as payments forecast to cross Sh1 trillion mark

Treasury chiefs project in the medium-term Budget Estimates that expenditure on servicing the country's rising debt will top Sh1.023 trillion in the year ending June 2022 from Sh904.7 billion next financial year starting July 2020.

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