Managers of Wealth Africa

As World Wavers on Free Trade, Africa Embraces It

All but one of the 55 countries recognized by the African Union have signed on to the organization’s initiative to liberalize intra-African trade in goods and services.

Citigroup calls for more consistency in African banking policies

Warns frequent changes will harm the sector.

Privacy of bank accounts should be safeguarded

But even in cases where agencies have a greater public good to serve, the procedure is such that a court order is required to obtain details of bank accounts without the holders’ consent.

Africa’s Biggest Fund Manager Splits Roles to Cut CEO Power

During the government probe witnesses alleged that questionable investment decisions were made and politicians attempted to influence others.

World Bank warns Kenya over $85.7b debt ceiling

The possibility of Kenya sliding into distress is classified as ‘moderate’ having risen from ‘low’ in recent years, driven by the government’s rapid uptake of loans

US blacklists S. Africa's Gupta family over 'widespread corruption'

The sanctions immediately freeze any assets the blacklisted individuals have under US jurisdiction and forbid Americans and US businesses -- particularly international banks with any US operations—from transactions with them.

Equatorial Guinea signs Lusophone Compact: new milestone in initiative to accelerate sustainable private sector development

The Portuguese Government has allocated Euro 400 million in guarantees and other risk sharing mechanisms in the 2019 national budget to support the implementation of the Compact

Banks’ rake in P1bn in profits

Bank of Botswana figures released this week show that the record profits in the first seven months of the year were powered by higher net interest income of P2.5 billion compared to P2.2 billion for the corresponding period last year.

Barclays is changing to Absa - A new brand of possibilities

The Group has a presence in 12 African countries, Botswana, Ghana, Kenya, Mauritius, Uganda, Seychelles, South Africa (Absa Bank), Tanzania (Barclays Bank)

Banks holding TBs should restructure for forex loans

As at June last year, a total US$4 billion Treasury Bills were taken by the country’s 17 financial institutions with half the amount maturing this year, but a significant amount has since been rolled over to maturities of between 3 and 6 years to co

African Development Bank, Government Pension Investment Fund, partner for green, social and sustainability bond markets

GPIF is Japan's largest public fund investor and the largest pool of retirement savings in the world.

In new filing, Old Mutual denies contempt of court, says relationship with Moyo 'completely destroyed'

The papers were filed in response to an earlier ruling that Moyo could introduce further evidence in his contempt of court application against the firm and its directors for not allowing his to resume his duties.

'Sharp slowdown' in growth for SA, says World Bank as it cuts forecast

Growth is seen reaching 1.3% in 2021, 0.5 percentage point lower than the April estimate.

Burundi new forex laws hurt traders

The Bank of the Republic of Burundi (BRB) does not have enough foreign currency to satisfy the market despite imposing tough measures on private forex bureaus.

Bank of Uganda cuts policy rate to 9 per cent for October 2019

This policy move is expected to boost already high liquidity levels in the banking sector and this will eventually accelerate credit growth and real economic activity,” said Adam Mugume, Executive Director for Research at Bank of Uganda (BoU).

Andersen Global Enters Namibia; Continues Expanding Presence in Africa

With deep roots practicing law in Namibia for more than 70 years

The tangled web of drafting offshore wills

Added layers of complexity in dealing with multiple jurisdictions has coincided with South Africans increasingly externalising some of their assets.

Forensic Technology A Critical Tool To Rooting Out Corruption In Africa

Too much talk and too little action on corruption is one of the biggest barriers to investment on the African continent.

Buhari nominates Adesina for re-election as AfDB President

With the strong support of President Jonathan and the then President elect, Buhari, we campaigned very hard for the position of the President of the African Development Bank.

Is Tech In Africa A Job Killer Or Job Creator?

The large number of unemployed youth in Africa is a problem that is slowly coming into view as one of the biggest challenges of the 21st century.

Regulation,Tax & Compliance