Managers of Wealth Africa

Shareholders Fume Over Huge Fines On Banks in 2018

A breakdown of the fines as contained in the banks' annual reports showed that FBN Holdings and its subsidiaries

Kenyans wire back Sh1trn in offshore bank accounts

Wealthy Kenyans have traditionally stashed wealth abroad to either escape the taxman’s scrutiny or to spread their risks by investing in the more politically and economically stable Western democracies.

South African Reserve Bank Keen To Test Rand-Backed Digital Currency

The fact that the Reserve Bank wants the digital currency to be accessible without need for a bank account is particularly interesting as it brings to question what will happen to the banks if it is indeed adopted.

Access Bank, Etiebet Agree To Settle Out Of Court Over Unpaid Debt

At the resumed hearing of the matter today, before Justice Mohammed Liman, counsel to Access Bank Plc, Obinna Divine, told the court that parties to the dispute are talking settlement and that the talk has reached an advanced stage, and pleaded with the c

How Will Brexit Affect the Middle East and North Africa?

A few days before the referendum in 2016, Global Risk Insights (GRI) published a list of four effects of Brexit on the Middle East and North Africa (MENA).

Regulators Approve Merger Creating Africa's Largest Bank

Bank merger will create a major new player on the African banking scene.

How to protect savings from inflation erosion

The effects of rising cost of living is a reduction in the purchasing power of the money a person holds, so that the same amount buys less.

SA central bank to keep repo rate unchanged and monitor inflation - economists

Kaplan said consumer inflation was projected to have remained steady at 4.5 percent year-on-year in April.

The tech companies that will be hit by South Africa’s new VAT changes

“It follows that the platform would have to charge VAT at the rate of 15% on the facilitation fee, notwithstanding the fact that it facilitates the booking of accommodation that is located outside South Africa.”

US-China trade war: Nigeria faces more pain than gain

The trade war escalated sharply on Monday as China hit back with five per cent to 10 per cent duties on another $60bn worth of U.S. goods, a development that sparked the biggest fall in US stock prices since January.

No changes expected from Reserve Bank and S&P

Despite weak economic growth and low inflation, an interest rate cut and a rating downgrade are not likely

Ghana: Economic Situation

The economic program of the government, in office since January 2017, contains a large number of planned measures to strengthen agriculture and industry, including tax cuts, incentives for the private sector and infrastructure development.

EAC states waver on a freely convertible currency regime

Latest data from Kenya’s Central Bank shows that the country has dominated transactions in the East African Payment System

Saudis deposit $250m in Sudan’s central bank

UAE said on April 28 it was depositing $250m

Revealed: SA’s “big five banks” ranked from best-to-worst on complaints

More than 7 000 complaints were registered against South Africa's big five banks in 2018: Here are the best - and worst - performers of the bunch.

Words on Wealth: Regulations and the law of unintended consequences

Ironically, rules are proliferating. And unforeseen consequences are beginning to pop out of the woodwork.

Reliable, accurate information vital to policymaking in Africa

African governments are always coming up with policies and blueprints. How can you gauge the level of credibility of these policies and what are the shortcomings?

SBM gets licence to deal in securities

This brings the number of authorised securities dealers to three and the depositories to 20.

Investec battles Brexit, weak SA economy

Investec’s adjusted earnings per share rose 3.6% in the year to March 31, as it undergoes new leadership.

African Development Bank Approves Eur 90 Million to Support the Kenya Mortgage Refinance Company

KMRC is a non-Bank financial institution designed to provide long-term funding and capital market access to local lenders, including commercial banks, and Savings and Credit Cooperative Organizations to help consolidate the East African nation's grow

Regulation,Tax & Compliance