Managers of Wealth Africa

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

Capital demands African regulatory stability

Financial fundamentals and sustainability considerations will also be key to attracting the project financing required to develop recent discoveries

Cyril Ramaphosa: Investment Achievements Need To Be Celebrated

By the conclusion of the conference last Thursday, the total amount committed by corporates was R363 billion and excluded an additional R8 billion was still subject to regulatory or board approvals.

Kenya offers citizenship in investor push

Moses Ikiara, KenInvest managing director, said the agency held “positive discussions” with Interior Secretary Fred Matiang’i with a view to developing a framework to ensure the vetting is watertight and free from abuse.

Regulator clears Cobus Kellermann following multi-year probe

Kellerman denied allegations of wrongdoing at the time.

Reasons for entrepreneurs to consider setting up an offshore business

The motivation and benefit of using offshore structures is less about tax planning and more about operational efficiency and access to opportunities.

Regulation,Tax & Compliance