Managers of Wealth Africa

Ex-Banker Bids to Cash In on South African Takeover of Central Bank

Shareholders led by a former Goldman Sachs analyst are hoping to cash in on the plan to nationalize the publicly traded South African Reserve Bank

AfDB, New Development Bank to co-finance African projects

The African Development Bank (AfDB) and the New Development Bank have signed an agreement to promote new impact projects to improve the lives of millions of Africans.

Tunisia Plans to Repay its $4 Bn Debts in 2020

Chalgoum said the government expects funding through the current financing program with the International Monetary Fund, and the rest will be through the global financial market.

The African Continental Free Trade Area enters into force

These instruments are the key tools that will support the launch of the operational phase of the AfCFTA with start of trading scheduled for July 2020.

Jubilee, Credit Bank enter deal targeting SMEs

Credit Bank chief executive Betty Korir said the unified loan-cum-insurance products will be competitively priced to enable the lender disburse money for small to big-ticket deals.

Nedbank CIB concludes major deal in Ghana

One Airport Square, which is the asset under finance, is situated in the established commercial office node known as Airport City, which is situated on the doorstep of the Kotoka International Airport.

Top bank demands Sh1.4 billion from Tuju restaurant

Court documents showed that the restaurant entered into an agreement with the bank on April 10, 2015, under which it agreed to give Dari a $9.3 million (Sh962 million) loan.

Kenyan Govt. Seeks Regulation Of ‘Exploitative’ Mobile Lenders

The law would mean that the central bank would license and regulate the lenders, and also force them to have requirements for capital.

How Nigeria can stem illicit financial flows

The law that regulates company operations, the Companies and Allied Matters Act (CAMA) 2004, was amended by the last Senate but is yet to be signed into law.

SARS revives unit focusing on companies and wealthy South Africans – here’s what you need to know

Kieswetter said that the value proposition offered by the large business centre is to promote voluntary compliance at the lowest cost to the taxpayer and SARS.

Airtel And Ecobank Announce Partnership On Mobile Money

The partnership will also allow Ecobank corporate account holders to make bulk disbursements, such as payroll payments, directly into Airtel Money customer wallets.

CBK Governor Njoroge bags Sub-Saharan Africa award

The governor has dedicated his award to the youth of Africa.

Regulator faults MPs on access to pension savings

Last June, pension scheme administrators welcomed the Treasury’s policy, saying it would create a pool of funds for various investments that promote public good.

Treasury seeks views on insurance sector

The industry has also complained that it faces problems of fake claims that has made some of the classes perpetual loss makers.

The International Islamic Trade Finance Corporation (ITFC) and OCP Africa unite for the strategic financing, innovation, and capacity building of agriculture in Africa

ITFC and OCP Africa will jointly introduce a new “OCP School lab” campaign in Senegal in November 2019

Eskom accuses Deloitte of 'pure corruption', wants R207m back

“Deloitte was granted contacts when their prices were five times higher than those of their competitors,” Mabuza said.

Nigeria: World Bank Approves $3 Billion Loan For Nigeria's Power Sector

Speaking during a press briefing at the end of the 2019 Annual Meetings of the International Monetary Fund (IMF) and World Bank in Washington DC yesterday, Ahmed said the federal government had put a request for financing of the sector at the range of $1.

Regulation,Tax & Compliance