Managers of Wealth Africa

'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.

FirstBank Partners NESG

The Nigerian Economic Summit is the foremost credible platform for public-private dialogue which enables policy makers and influencers to deliberate on issues, proffer policy options with a view to a better understanding of our national economic policy di

Alexander Hamilton’s Credit System Is Necessary for Africa’s Development

To provide credit for the newly united colonies, Hamilton designed the National Bank of the United States in 1791 at the request of President George Washington.

Reasons for entrepreneurs to consider setting up an offshore business

Access to opportunities rather than tax efficiency is the guiding principle.

Going, going, gone: African dictators losing luxury lifestyle amid money laundering crackdown

Their sale represented “a highlight of the international motoring calendar,” enthused James Knight of Bonhams, the presiding auction house.

70% debt service unsustainable, Nigeria may default –Experts

The recent announcement by the World Bank Vice-President for Africa, Hafez Ghanem, that the global financial institution is in talks with the Nigerian authorities for as much as $2.5 billion in a new tranche of concessionary lending to Africa’s most

BitMinutes, Akoin Announce Partnership They Hope Will Transform Africa and the Lives of Its Citizens

While executives at the two companies have been talking for more than a year, their collective progress as individual companies made the timing right for a partnership, according to Tom Meredith, the CEO and founder of BitMinutes.

Citigroup Among Banks Hit With $1.4 Billion Nigerian Penalty

The sanctions come three months after the central bank gave lenders until Sept. 30

Kenya: African Development Bank Group approves loans of €209m for expansion of ‘Great North Road’

The five-year project will convert the 84km Kenol–Sagana–Marua Road in central and eastern Kenya from a two-way single carriageway into a dual bypass

Afreximbank, UN chief task African leaders on manufacturing, trade

He also stressed the need for Africa to focus on skills development

South Africa’s risk premium limits room for rate cuts, says Reserve Bank

While price growth has shifted close to the middle of the band of 3% to 6%, expectations remain above 4.5%, suggesting that the rate has not yet been anchored at the midpoint, according to the Reserve Bank.

CBK declares old notes worth Ksh 7.39B valueless

Individuals are still in possession of the now obsolete 1,000 shillings notes worth over Ksh7 billion.

Moyo wants R250m in damages, says Old Mutual

Moyo said his primary intention is to get his job back.

Regulation,Tax & Compliance