Managers of Wealth Africa

AfDB Allocates €1.2M to Train Policymakers in Boosting Mining Revenues

First beneficiaries: Liberia, Sierra Leone, Guinea, Niger, Mali, Madagascar, South Sudan, and Zimbabwe

Focus areas for Central African bankers

The emerging-market fallout of geo-political tensions between the US and Iran may be countered by a de-escalation of America’s trade war with China, said Cobus de Hart, chief economist for West, Central and North Africa at NKC African Economics.

President wants CBK to use 'policy tools' in taming rogue lenders

This is expected to raise credit flow to businesses and homes albeit at a higher cost after banks were handed a free hand in pricing loans.

KRA eyes donor project contractors in tax race

The Treasury has set KRA a target to collect Sh1.938 trillion in tax and other revenue in the current financial year, up from Sh1.58 trillion last year, from an initial Sh1.81 trillion earlier in that year.

How Nigeria's Common Reporting Standard Regulations will affect banks, insurance companies, asset managers and other financial institutions

Broadly speaking, financial institutions such as banks, insurance companies, asset/portfolio managers, and investment funds/trusts could have reporting obligations under the CRS.

Nigerian Access Bank enters the Cameroonian market

As required by the rules in force, the launch of Access Bank Cameroon’s activities in Cameroon is still subject to the issuance, by the Ministry of Finance and the banking commission COBAC, of various legal notices and authorizations to the bank&

Kenya bars government officials from joining state boards

Consequently, selection of alternate directors should be on the basis of subject matter expertise, knowledge and experience and be persons of integrity,” said Mr Kinyua.

Chase Bank ex-chair's illicit plan to open Somalia bank

The Iman Group was the platform Mr Khan and Mr Cheema planned to use to open a new bank in Mogadishu, Somalia.

African Bank approves Zimbabwe economic restructuring plan

“Zimbabwe has the potential to recover from its present challenges, given the reform efforts that the Government is currently pursuing,” he said.

Regulation of Crypto Assets

Crypto-investors and users, as well as crypto-asset service providers, are exposed to high risks.

Enforce banking regulations to strengthen sector – Dr. Richmond Atuahene

Commenting on the state of the sector going forward, Dr. Atuahene said a key area of focus for the Central bank should be a reduction in the high level of Non-Performing Loans in the country.

The Eco: The Devil Is In The Detail

Therefore, either the WAMU countries accept the monetary policies and authority of the Central Bank of ECOWAS or they leave the Eco zone.

Sudan opens up gold market in bid to raise revenue

Any added revenue from the new system would help Sudan’s government cope with severe economic pressure as it tries to navigate a three-year political transition.

African Development Bank hands over US$10 million grant to Zimbabwe

The minister welcomed the grant saying the support had come at an opportune time when government was prioritising good governance in order to strengthen economic development of the country.

Eskom is facing another demon in the dark — its R140bn pension fund

The documents expose risks to an asset base in excess of R140-billion, 43,571 active pension fund members, 33,317 retirees; 2,376 deferred beneficiaries, and here is the clincher: by default Eskom itself, and by extension government and the taxpayer, coul

Regulation,Tax & Compliance