Managers of Wealth Africa

European Investment Bank Partners Central Bank of Kenya for Climate Finance Initiative

Addressing barriers to green financing and promoting climate resilience in Kenya’s financial systems.

IMF seeks stronger crypto regulation

Rules are not meant to return us to a pre-crypto world, nor to squash innovation.

IMF board approves release of $151mln for Tanzania budget support

The IMF said Tanzania’s economic growth was expected to pick up this year, but faced challenges from an unfavourable global economic environment

Government’s commitment to the implementation of RTI Act unwavering – Oppong Nkrumah

The Minister’s comments come following a comprehensive research initiative commissioned by the Ministry of Information, which focused on activities undertaken to test the flexibility of the law and its enforcement since its passage in 2019.

CBN cancels large depositors’ fines amid naira scarcity

The apex bank directed all financial institutions regulated by it to accept all cash deposits from the public without any charges going forward

Central Bank partners with EIB to lift green project financing

Kenya’s banking sector in 2018 channelled Sh27 billion in climate finance against the total loan book of Sh2.49 trillion, highlighting the sector’s risk averseness towards green projects.

The proposed National Minimum Wage hike for 2024

In South Africa, the latest consumer price inflation, as published by Statistics South Africa, was 5.9% in October 2023, up from 5.4% in September 2023.

The one thing that could hold the SARB back from cutting interest rates in South Africa

The National Treasury increased its borrowing to around R14 billion per week starting in August.

Kamau Thugge: CBK Governor on why the shilling has depreciated more than was necessary

This saw the rate hit the highest point in 11 years as Kamau Thugge, the governor, moved to curb inflation and stop the free fall of the shilling.

Development bank head at COP28 urges African exemption from EU carbon tax

African countries should be exempt from a plan by the European Union to impose a carbon tax on some imports, the head of the African

Banks to disconnect non-deposit financial institutions from transfer list

Only MMOs can hold customer funds, according to the CBN.

Africa Finance Corporation, African Development Bank Sign $350 million long-term Line of Credit for infrastructure

The collaboration is a significant milestone in a long-standing relationship, between the two institutions.

Kenyan companies cut jobs for the third straight month

Inflationary pressures and cashflow difficulties saw customer spending declining

Devaluation: External reserves fall $1.65bn in six months

In July, the bank noted that accretion to external reserves remained weak while foreign exchange demand pressures persisted.

South Africa scores another major own-goal for the rand

The rand remains at the bottom of the EM currency ranked by Bloomberg, with the majority having strengthened on the year out of the twenty-two currencies.

EFCC arraigns bizman for alleged N105m fraud

The prosecutor alleged that the defendant falsely claimed to have the dollar equivalent of the amount to change for the business organisation, First Right Enterprises.

Switzerland and Angola sign double taxation agreement

The DTA allows the Swiss network of double taxation agreements to be expanded into Southern Africa.

Reserve Bank has a plan for total grid collapse in South Africa

This essentially means the central bank is continuing its work on its contingency plans to ensure the country’s payments system remains in operation in the event the nation’s electricity grid collapses.

Zenith Bank, CFA Institute ink MoU on capacity building

Speaking at the MoU-signing ceremony, Onyeagwu commended the CFA Institute and the CFA Society, Nigeria for their laudable programmes in developing finance and investment professionals in Nigeria.

Nigeria's Tinubu: 2024 budget deficit seen falling to 3.9%/GDP

Tinubu added in his first budget speech to lawmakers

Regulation,Tax & Compliance