Managers of Wealth Africa

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.

Old Mutual top investor wants end to CEO dispute

Axed Old Mutual CEO Peter Moyo has asked the South African high court to punish the company's current directors with six months' jail time, without the option of a fine, for being in contempt after they refused his court ordered reinstatement.

Goldman Sees Upside for South African Economy at Rock Bottom

Goldman Sachs seeking primary banking license in South Africa

AfDB completes its €12.5 mln investment deal for SMEs in Francophone West Africa

With a target of €75 million, the fund's strategy consists of taking minority stakes (between €3 million and €8 million) in dynamic SMEs in countries such as Côte d'Ivoire, Senegal, Burkina Faso, and Mali.

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

Regulation,Tax & Compliance