Managers of Wealth Africa

Botswana’s high expenditure to boost economy-central bank

Overall, in the short to medium term, Pelaelo said the economy was projected to operate close to, but below the full capacity, thus posing no upside risks to the inflation outlook.

Tanzania denies blocking release of scathing IMF report

Tanzania's Minister of Finance and Planning, Philip Mpango. The minister says its ongoing talks with the IMF were aimed at incorporating Tanzania’s views into the final report before its official publication.

Nigeria Has a New Biggest Bank After Access-Diamond Deal

It still has a way to go before becoming the most profitable bank in Africa’s main oil producer: its first-quarter net income of $112 million trailed Zenith and Guaranty Trust Bank Plc, which each made about $135 million.

Kganyago Says South Africa Central Bank Ownership a ‘Zombie Debate’

The shareholders have no say over monetary policy decisions and the central bank’s mandate -- to target inflation -- is set by the government.

Nigeria: Govt to Develop Framework for Mobilising Revenue From Non-Oil Sector

The president stated that no nation could make meaningful progress without stability

African Development Bank signs 50/50 risk-sharing agreement with Natixis bank

The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totalling US$100 million, which will support commercial operations worth US$600 million in Africa over the next three years

The AIIB approves the membership of three African countries

These countries are Egypt, South Africa, Ethiopia, Kenya and Sudan.

DMO Sells N100bn FGN Bonds Today

Already, 13 financial institutions have been authorised by the Nigerian government to sell the bonds to investors.

Andersen Global Marks Growth to 50 Countries with Collaborating Firm in Zambia

The addition of MMKLP brings the number of countries with a legal presence through the member and collaborating firms of Andersen Global to 41.

African Alliance Group’s withdrawal from USE signals hard times ahead

Prior to its exit from the stockbrokerage business, African Alliance Uganda had in 2010 suspended its unit trust services, citing a low asset base, fluctuating interest rates and poor returns on investment.

Kenya: Bank Mergers Signal Sharper Job Cuts

The proposed transaction to acquire NBK will further consolidate the banking sector in Kenya

Access Bank pledges ₦1Billion to promote SMEs in the health sector

As a bank, we have a role to support the economy anyhow we can and how we do that is by empowering our customers.

Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90%

However, the cost drops dramatically by as much as 90% when money is sent through cryptocurrency-based fintech companies like Bitpesa.

Nedbank Zimbabwe caught with pants down, ordered to return $3m to client

Nedbank ran a bond note deposit promotion early last year, in which a client who deposited bond notes would be entitled to a foreign currency allocation equivalent to 50 percent of bond notes that were deposited.

NSE fines Access Bank, two others N8.12m for disclosure violations

The NSE said every listed company was required to provide the Exchange with timely information to enable it efficiently perform its function of maintaining an orderly market.

SA Bank of Athens repositioning as Grobank

The bank will be focused on building an agri-banking offering based directly on the insights gained through direct relationships with farmers and agri-businesses held across generations and will add these to its existing range of business banking product

Regulation,Tax & Compliance