Managers of Wealth Africa

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.

Africa.com Convenes Top African Business Leaders with Harvard Business School Faculty to Respond to COVID-19

The four-part webinar series starts on April 15 and will feature panel discussions led by the Harvard faculty, in conversation with leading African business leaders including:

CBK halts Absa forex trading for one week

Absa Kenya is required to... reverse the market positions that were created as a result of the flagged transactions.”

Commodities Markets and Coffee Exchange Regulations gazetted

The regulations give effect to Section 12(1) (ka) of the Capital Markets Act on regulation of commodity exchanges.

Cardano Supports South African Bockchain Alliance

Cardano have previously made inroads into the African continent through educational partnerships and the Foundation believe this association with SANBA will provide a “…renewed focus on Africa [and] represents a step towards building economic

Unpacking proposed tax amendments in the Budget

It is thus proposed that the CFC legislation be amended to limit the dividend exemption available to a resident individual or trust relating to the accrual or receipt of dividends from a resident company to a CFC.

Kenya: key highlights of the Business Laws (Amendment) Act, 2020

The new amendment will hopefully see parties embrace technology and conclude contracts virtually, making it more efficient to carry on business.

Mauritius – tax measures in response to the coronavirus (COVID-19)

All penalties or interests will be waived in the following cases:

Mauritius: capital markets | practical considerations in the context of the Coronavirus (COVID-19)

Trading and settlement activities on SEM and CDS will, therefore, resume on Monday, 6 April 2020

Investec To Consider 2020 Payouts After SA Regulator Weighs In

Investec said it will consider the Prudential Authority's advice.

S. African Banks Urged to Withhold Future Dividends, Bonuses (2)

Dividends already declared can still be paid, regulator says

EXCLUSIVE-S.Africa weighing 'funding for lending' type scheme - central bank governor

The central bank would be involved, our law doesn't allow us to lend unsecured, but as part of a broader design of a scheme we're prepared to be involved.

Regulation,Tax & Compliance