Managers of Wealth Africa

Investec seeks $242m from asset sale

Investec shareholders will receive one Ninety One share for every two Investec shares, both for its Johannesburg and London-listed stock.

UGANDA: Gov’t moves to regulate financial technologies

One of the challenges was that the government had failed to agree on the regulatory responsibility under which Fintechs lie since they intersect between financial services and telecommunications.

Nigeria to allow more payment providers to boost banking access

The measures come as lenders in Africa’s most populous country of almost 200mn people make a push into retail banking to ward off potential competition from mobile-network operators.

Anti-money laundering: Nigeria setting pace in Africa

As we expand and improve on our curriculum, the partnership that we have internationally enables us best practices to our compliance officers and so we will continue to partner with organisations.

GCC governments spur investment in Africa

Abu Dhabi Fund for Development has been at the forefront of this activity, having funded more than 66 projects in 28 African nations to a value of $16.6bn.

Kenya and Oman sign landmark agreement to strengthen their tax treaties

The Convention also enhances the dispute resolution mechanism, especially through the addition of an optional provision on mandatory binding arbitration, which has been taken up by 30 jurisdictions.

Military pledges effective service delivery to pensioners

The capacity building workshop for supervisors drawn from the Nigerian Army, Nigerian Navy, as well as Nigerian Air Force was done in collaboration with the Administrative Staff College of Nigeria (ASCON).

GIPF invests N$44.3 billion, scouts for new opportunities

The GIPF Chairperson said the fund’s unlisted investment has contributed positively towards job creation, infrastructure development and general economic growth in the country

African Development Bank supports Mozambique LNG project

Through its approval, the African Development Bank claims it has joined a global syndicate of commercial banks, development finance institutions, and export credit agencies, to jointly provide the requisite senior debt financing for the project. Financial

Effective use of Automatic Exchange of information – a role for Tax Inspectors Without Borders

The TIWB initiative is set to launch a number of pilot programmes in support of developing countries' efforts to ensure the effective use of AEOI data.

International community has achieved unprecedented success fighting offshore tax evasion

At the heart of this shift are thousands of bilateral exchange relationships now in place

AfDB to support Kenyan women after meeting with First Lady

Ms Nwabufo singled out capacity building activities for Kenyan women in business as one of the areas that the bank is keen on supporting.

IMF wants South Africa to create an investment friendly environment

According to Treasury, the global lender also highlighted the major challenges facing the economy, which include weak growth, a deteriorating fiscal situation and difficulties in the operations of state owned enterprise.

These 3 Richest African Leaders Are Worth USD 7.4 Bn Despite Poverty In Their Countries

While up to 413 million Africans live on less than USD 1.90 a day, leaders of certain African nations sit on top of millions, even though their countries can be considered poor or at risk of poverty.

Investors in rare snub of CBK’s 10-year bond

This is a return to normal market practice after the previous longer-tenor issue, a 16-year infrastructure bond offer, saw CBK set a different coupon from what the successful bids had dictated despite the offer being market determined.

First Bank denies plan to sack core workers

Adebayo said the company met all indices and requirements for carrying out the exercise.

African Leaders Take on the Responsibility to Urgently Close the Gender Gap

The 2019 Global Gender Summit, the first to be held on the continent, kicked off on Monday with a strong call to surge ahead on gender issues and move from commitment to action.

AfDB funded 100 MW power plant launched in Juba

Following the outbreak of the civil war in December 2013 government-owned power facilities were badly affected with many forced to close due to operational costs.

African Development Bank Calls for Investment in Portuguese-Speaking Africa

In a recently published article, Magala says new tools – such as the Development Finance Compact for Lusophone Africa – give investors and lenders more comfort to enter into these markets.

Six State firms miss results deadline due to auditor-general vacancy

State-backed firms and agencies must secure approval for reporting their financial results from the auditor-general, but the previous holder of that office, Edward Ouko, retired in August and his successor is yet to be named.

Regulation,Tax & Compliance