Managers of Wealth Africa

Africa gets US$75mn trade finance injection from UK DFI

This has decreased the flow of hard currency to African banks that onlend to local businesses to facilitate trade of their goods and services.

International Monetary Fund endorses Bank of Ghana’s approach to banking sector reforms

The International Monetary Fund (IMF) has commended the Bank of Ghana for taking a bold decision to clean up the banking sector in the country.

Africans must direct the new scramble for their continent

Led by China,this race to lay hands on resources needs its citizens to play their cards right

Former Credit Suisse banker kept $45m in bribes hidden in Mozambican loan scheme

Four Mozambican officials also got millions of dollars in kickbacks from Privinvest, and the son of the country's then-president, Armando Guebuza, collected at least $50m in illegal payments, according to Pearse.

Giving force to Nigeria’s data protection regulation

This was the regulator’s attempt to warn data handlers in the country that it was no longer business as usual as the country now has data protection regulation.

Emerging trends in pensions sector

The outcome of the convention, held under the theme Emerging Trends in the Pension Industry, was expected to see these executives, who are tasked with the implementation of policies which are now often unpalatable, come up with solutions and adjust to the

Ethiopia to use funds from partial privatisation to pay down debt

The move will enable the government to recapitalise state-owned enterprises so they can repay borrowings debts issued by lenders

Wells Fargo Must Offer 66 Jobs to People It Rejected in 2014

Wells Fargo agreed to revise its selection process and train hiring managers to eliminate the discriminatory practices.

Barclays Bank Ghana is changing to become Absa Bank effective February 2020, here’s why

The Barclays Bank Ghana has announced that it will be changing to become Absa Bank.

Uhuru rejects retention of rate caps

The law has failed to meet its intended purpose

KRA to appeal ruling barring DCI probe on tax defaulters

The Kenya Revenue Authority plans to appeal the ruling claiming it is likely to impede efforts to fight tax evasion.

Banks account for quarter of all taxes paid by companies

In September, the Kenya Revenue Authority said that only 33,426, or 8.3 percent, of the 401,306 companies registered for corporation tax paid up in the financial year through June 2019.

Kenya’s President Rejected Rate-Cap Bill, Central Bank Head Says

Parliament could agree with the president and amend the bill to remove the rate caps, or could decide to push the bill through, which would require two-thirds support in the house.

Graduate programme delivers 85% employment rate

We are in a very unique situation where we can actually welcome graduates and give them the necessary work experience that they do deserve,” said Kevin Wheatley from SPAR Southrand who has employed a number of graduates from the programme.

Will Ghana’s financial sector clean-up build a stronger banking system?

The BoG also revoked the licences of two non-bank financial institutions, Express Funds International and Ghana Leasing, which have been insolvent and inactive for a number of years.

New Payment Regulations Open The Door To MNOs In Nigeria

Whereas the regulations open the way for the emergence of mobile money products that are not dissimilar to those provided in other markets, there are a number of anomalies that increase the costs and reduce the attractiveness of the proposed model.

Pensioners Sleep Outside Zimbabwe Banks as Savings Vanish Again

“It buys nothing,” the 62 year-old says of the pension as he stands under a purple blossomed jacaranda tree wearing a faded England track suit.

Kenya debt passes Sh5.9 trillion mark

As at the end of the 2018/19 fiscal year in June, the total public debt as a percentage of the gross domestic product (GDP) was 55.2 percent with the gross amount at Sh5.8 trillion.

New Regulatory Frameworks To Govern Electronic Payments & Collections And Issuance Of Bankers Acceptances & Commercial Papers In Nigeria

It provides all stakeholders with the operational procedures for end-to-end electronic payments and collections in Nigeria.

AYO refutes siphoning funds abroad

Responding to MPs who questioned the PIC about its loans to companies like Sekunjalo and allegations the fund had paid an inflated fee per share for a major stake in the Sekunjalo-owned AYO Technology, Dlamini assured the parliamentarians that the PIC was

Regulation,Tax & Compliance