Managers of Wealth Africa

Ecobank Strengthens Creative Industry Financing

Ecobank’s collaboration with Terra Kulture, was one of the many partnerships, which is hoped to boost contribution of the creative industry in Nigeria to economic growth.

Financial services need to wake up to fact that treating customers well is good business

The aim of the new law is to improve financial sector conduct and ensure fairer outcomes, particularly for customers.

Treasury seeks to increase budget by Ksh86B

Treasury wants to increase spending to 3.13 trillion shillings in the fiscal year 2019/20.

Hedge Funds in South Africa Bet on New Rules to Stem Outflows

“This is the next evolution of where we are going,” said Hayden Reinders, the chairman of the Association for Savings and Investments South Africa’s hedge funds standing committee. “We want to create awareness that a hedge fund is

South Africa is emerging as a new hub for Retail Forex Trading

South African Rand is the most traded currency in Africa in terms of daily volume

S.Africa's Nedbank to pay for mortgages under new rewards scheme

The kinds of behaviour it will reward include the use of cards rather than cash, responsible borrowing and saving.

Ecobank signs up to The United Nations Environment Programme’s Finance Initiative (UNEP FI) Principles for Responsible Banking

The Principles aim to create a financial sector that serves people and the planet while delivering positive impacts and improving people’s quality of life

Zimbabwe issues own banknotes to ease cash crunch

One Zimbabwean dollar is currently worth around six US cents.

Regulator reprimands 11 banks for inadequate core capital

Declared reserves and equity funds form the core capital for banks.

KRA challenges Tax Appeals Tribunal ruling on withholding tax

Some of the sector players, were in disagreement arguing the move would see customers incur a higher tax burden that would wipe out their winnings as well as eat into the amount they had put in the bet.

KNCCI partners with banks to ease capital access for SMEs

For this reason, they say that the NCCI is in talks with banks and other financial lenders to ensure that members of the chamber and SMEs receive these credits lenders seamlessly and in good time.

Absa gets banking licence after acquiring Barclays Bank

The company, which has been operating in Uganda for close 92 years, reiterated its commitment to the country’s growth and economic development under the Absa brand.

Bill to nationalize South Africa's central bank back in parliament

Unlike most central banks in the world, the South African Reserve Bank (SARB) is privately owned.

NBK Lost Ksh 9 Billion in Deposits in 3 Months After KCB Buyout

The two entities have different competencies and propositions. We will go bank to the regulator about the model. Closing the brand comes with downsides because it is not automatic all customers will remain

European Investment Bank Expands Trade & Investment Insurance Benefits to West Africa

Agreements for intended financing signed at African Investment Forum

List of Fund Managers remaining after SEC mass license revocation

Following the mass license revocation, SEC published a list of the outstanding fund management companies on its website.

The Russia-Africa Summit: The Next Stage in the Kremlin’s Africa Charm Offensive

Russia is no stranger to Africa.

East Africa debt load is pain for future generations

How they maneuverer to sustain growth while minimising fiscal risk will largely determine whether they all get home in one piece.

CBK regains control of monetary policy after Uhuru signs repeal of interest law

The inclusion of CBR in the formula for determining cost of loans, however, left CBK hamstrung, blunting its ability to alter cost of loans without hurting the wider economy through change in the price of credit.

Nigerian banks stepping up efforts to plug gender gap

Only one in three women in Africa’s most populous nation currently has an account, development body says

Regulation,Tax & Compliance