Managers of Wealth Africa

Eurobond yields rise after IMF debt default warning

The secondary market yields on the five-year $750 million bond, which matures in June stood at 5.03 percent compared with 4.9 percent in October.

South African Central Bank Fines HSBC for Lax Money Laundering Controls

The FIC Act mandates the PA, in terms of section 45, to supervise and enforce compliance with the provisions of the FIC Act insofar as accountable institutions regulated or supervised by it are concerned.

SACP denies receiving millions from VBS Bank

The paper cites an anonymous source who was a senior executive at the bank saying that majority shareholder Vele Investments paid the money through a subsidiary company in order to hide the link between the bank and the SACP.

Arab Bank buys into African development bank

“We are excited to become part of the TDB success story,” says Ould Tah. “We will co-finance more and more transactions in the months and years to come,” he adds.

Uganda misses social media tax revenue target

Uganda intends to collect about Ush100 billion ($26.6 million) before the end of the 2018/19 financial year.

Ramaphosa pushes African free trade agreement, private investment

To extract the real value of a continental free trade area, we need to have the means to produce the goods that we want to trade.

South Africa central bank concerned about MTN debts

MTN is based South Africa with a big footprint on the continent.

Orient Bank selected Acumen-net for their Treasury Management operations

The solution also supports risk management functions for counterparty risk, market risk and offers a comprehensive approach to handling risk related issues so as to safeguard the bank’s operations.

MTN Nigeria $10 Billion Feud Puts South Africa at Risk

Claims against wireless firm could have knock on effect: SARB

Ghana’s banking sector is sound & robust- Alhassan Andani

The uneasiness of the banking and Ghanaian public about the banking industry is justifiable due to the occurrences over the last two years.

South African Bank of Athens changes hands

The deal saw the purchase of 99.81% of SABA’s shares by AFGRI Holdings Proprietary Limited and one of its subsidiaries, GroCapital Holdings, from National Bank of Greece and NBG Malta Holdings.

New agency to administer Ethiopia’s mega firms

The companies to be administered by the agency include Ethio Telecom, the Ethiopian Airlines Group, Ethiopian Shipping Lines and Logistics Enterprise and Ethiopian Insurance Corporation.

Abraaj fund investors hire Duff & Phelps to help recover money: sources

The fund is one of several where court-appointed liquidators Deloitte and PwC have yet to pick preferred bidders for management rights.

UPDATE 2-Sluggish credit flow imperils Kenya's economic growth -Equity Group

The central bank governor said in September the cap is strangling the economy and banks say they cannot properly price risk to small and medium enterprises while the cap is in place.https://uk.reuters.com/article/equity-bank-results/update-1-kenyas-equity

Regulation,Tax & Compliance