Managers of Wealth Africa

African Development Bank gives Morocco USD270 million

The bank had funded 18 investment programs in the Moroccan energy sector with a full worth of over USD1.65 billion, as said in the statement.

Mbaru asks central bank to cut cash reserve ratio

The private sector considers the lending environment tough over the last three years when the loan rate was capped.

Speculation boosts dollar investment funds

The steady decline in the reserves, coupled with measures introduced by the apex bank in the last few months, which are deliberately aimed at attracting capital inflows, have heightened speculation that a devaluation of the naira is imminent.

South Africa to introduce crypto regulations

South Africa has limitations on how much money individuals and companies can send outside the country.

EU and African banks sign $120 million climate action facility

This is the second line of credit to be extended by EIB to TDB, the first one having been signed in 2014 for €80 million.

EOH shareholders vote against salary policies

EOH said on Friday that it has started reaching out to the shareholders who voted against the resolutions.

Nigerian Government Agrees $3 Billion Financing Pact for Women Entrepreneurs

According to the report, Both BoI and AfDB share a similar focus on promoting industrialization and economic growth by providing financial and funding support to entrepreneurs.

New Development Bank warns against scams

A typical ploy is to send an email or other communication that appears to come from a bank or other trustworthy source requesting personal information such as identity documents, driver’s licences, passports, payslips, addresses and contact details.

Moody’s Warns Nigeria Its Reliance on Hot Money Is Damaging Its Economy

Around a third are held by foreigners, it said, many of which are carry traders enticed by yields of about 13%.

AfreximBank Approves More Than US$ 52 Million For Commercial Banks In Liberia

The debt represents infrastructure loans from 10 years ago that should have been long repaid by the previous administration.

President Kenyatta signs Second Supplementary Appropriation Bill 2019

The Bill, which was presented to the President for signing by National Assembly Speaker Justin Muturi, was passed by Parliament yesterday.

Q3 2019 Cryptocurrency Anti-Money Laundering Report

It will no doubt have implications as regulators seek to have KYC information shared globally.

Seychelles' President will not sign public salary bill; pension fund acquisition on hold

Therefore the transaction between the Pension Fund and Cable and Wireless is on hold, whilst the law is passed and approved so that the legal process is done.

South Africa’s Postbank may struggle to crack retail market

The South African Banking Sentiment Index 2019 published by BrandsEye in November analysed social media mentions for the five major banks, Absa, Capitec, FNB, Nedbank and Standard Bank, and found worsening sentiment due to branch closures and high charges

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