Managers of Wealth Africa

COVID-19: Zenith Bank supports Trust Fund with GH¢1million

These unprecedented times require every segment of the society to contribute their quota to support government’s efforts towards mitigating the impact of the Coronavirus”.

How the banking industry can survive virus pandemic

It is important to note that despite the significant drop, the import cover (as at April 9th 2020) s8ll remained above CBK’s statutory requirement of at least 4 months of import cover.

Further interest rate cut on the horizon as coronavirus pummels SA economy

The National Treasury will have to re-prioritise state funds in the coming weeks, we believe, to include more funding directed at social welfare grants, and will likely increase local bond issuance by even more than our previously projected 35–40%.&

Uganda lowers central bank rate

There are signs of a global economic decline prompting financial bailout packages.

African Development Bank’s Sustainable Energy Fund for Africa (SEFA) grants $760,000 to develop small-scale renewable energy projects across Sub Saharan Africa

Through its Empower Invest fund, EmNEW invests in small and medium-scale renewable energy projects in Africa

Mauritius based funds eligible for registration as Category I FPI

Mauritius based funds eligible for registration as Category I Foreign Portfolio Investor (FPI) with Securities and Exchange Board of India (SEBI)

Sanlam commits Ksh8M to flatten Covid-19 curve in Kenya

Sanlam Kenya Group Chief Executive Officer Dr Patrick Tumbo, said the firms are highly conscious of the fact that the prevailing situation is totally unprecedented and that the country has found itself needing to deal with a large-scale health and social

IMF warns ‘vulnerabilities high’ in the Middle East hit with dual shock of coronavirus and oil plunge

That’s worse than the Fund’s forecast for the world economy, which is expected to contract by 3% this year.

Mauritius: Competition Commission clarifies application of competition law rules during the Coronavirus (COVID-19) crisis

According to the CCM, the Act also does not prevent suppliers from setting maximum prices for their products with a view to limit unjustified price increases at retail level.

African Sovereign Wealth and Pension Funds United in Fight Against COVID-19 in Africa

The Covid-19 shock will squeeze fiscal space in the continent, as deficits are estimated to widen by 3.5 to 4.9 percentage points, increasing Africa’s financing gap by an additional $110 to $154 billion in 2020. 

India’s Central Government specifies Mauritius as an eligible country for “Category 1 foreign portfolio investor”

This initiative further strengthens the investment flow into India from Mauritius as a preferred route for investors with its robust and credible International Finance Centre.

Ex-CBK governor calls for cuts in utilities, food cost

The CBK will face a fresh test when it holds its monetary policy meeting at the end of this month as the economy continues to be battered by the Covid-19 pandemic.

Arab Africa Trade Bridges (AATB) Program Outlines Actions to Support Developing Countries Cope with the COVID-19 Crisis

Initiatives focusing on pharmaceuticals and healthcare and other value-added sectors such as agriculture and textiles to take precedence

Pandemic loosens Central Bank of Kenya's grip on shilling

The attack on the shilling by a highly contagious viral disease has blighted major financial markets and plunged the global economy into a recession

CBK orders banks’ chiefs succession plan over coronavirus fears

CBK had given banks up to Monday this week to provide the succession plan as part of contingency measures that would ensure banks operate at near normal levels amid the spread of coronavirus.

Africa needs a Marshall plan to ride out Covid-19 crisis; prepare for uncertain times

Africa is in the path of a fast-approaching storm with indications pointing to the pandemic hanging over the continent in slow devastation not dissimilar to the way Hurricane Dorian ravaged Abaco Island in the Bahamas last year.

SAFTU says Wealth Tax on the rich should be passed

SAFTU called their gesture a ‘guilt feeling pressure’ stating they were earning an absurdly high salary, while workers are taking home a typically and unjust proportion of income.

NGOs call for reopening of banks

ll banks should provide at all entry and exit points hand sanitiser that has at least 60% alcohol.

Ecobank commends health workers in fight against COVID-19

They unrelentingly ensure citizens are cared for and that the hospitals are up and running despite the high risk to their individual health – we appreciate you.

FirstRand bosses respond to president’s call, pledge 30% of salaries to Covid-19 relief fund

The money will go into the Solidarity Response Fund that has been set up to fight the coronavirus pandemic.

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