Managers of Wealth Africa

Uganda's central bank raises key rate to 7.5pc to curb inflation

The annual headline inflation and core inflation are now forecast to average at 7 and 6.1 percent respectively in 2022, which are higher than earlier projections.

Traders in Kenya feel pain of dollar shortage

The Ugandan shilling depreciated by $0.00002, Tanzanian shilling by $0.00001, while the Rwandan franc has fallen by $0.00003.

Bank customers decry increasing fintech fraud, wants regulators to intensify efforts

Sheji said the bank had yet to reverse or replace the money up till date

Ramaphosa talks up government interventions for rising prices in South Africa

The price of fuel, which affects the price of almost everything else, has risen by a third in the twelve months to March 2022.

PIC suspends its COO for alleged misconduct

Dolamo, the PIC's executive head of research and project development, has been with the asset manager for more than 10 years.

Kathy Davey: Increasing demand for electricity will see growth of clean energy producers

Companies in the sector benefit from increased investment and government incentives

African Bank Limited's 'bad bank' has paid R4.3bn to creditors - but still owes billions more

Du Plessis said there was still R9.56 billion owned to creditors at the end of March.

World Bank Disapproves Of Central African Republic's "Sango" Crypto Hub

The World Bank has shown concerns over the Central African Republic declaring Bitcoin as a legal tender and creating a crypto hub called "Sango"

Challenges for South Africa’s rand

Foreigners sold about R18 billion ($1.2 billion) of government debt on a net basis last month, and are now net sellers of the debt this year, based on data from exchange operator the JSE Ltd.

Crypto developer 'Fluffypony' to be extradited to SA to face R1.4 million fraud charge

Spagni was arrested in the US in July last year when his chartered jet landed in Nashville, Tennessee, on its way to Mexico.

CBK cites two banks for insider loan breaches

Though the CBK withheld their identity, they are likely to be private institutions.

Kenya takes Sh138bn World Bank loan in months

The new loans were procured between January and April to help fill the Sh1.4 trillion fiscal deficit in the Sh3.3 trillion budget for the 2020/22 financial year.

CBK governor hits back at parallel exchange rates claims

“They should understand that they are small in that sense and sort of go to the market like everyone else."

Nigel Green fined and banned for five years in South Africa

The investigation revealed that Brite which was formerly known as deVere Investments South Africa (Pty) Limited, and deVere SA Acuma (Pty) Ltd, during the period 22 February 2010 to 1 August 2015 contravened various financial sector laws.

Bankers pressure CBK to approve risk-based loans

Equity Bank said it was cleared to price loans at between 13 percent and 18.5 percent.

VCC Act 2022: The missing piece of the Mauritius IFC jigsaw?

A VCC may be used as a vehicle for both traditional funds and alternative funds, including hedge, private equity, real estate and infrastructure.

This is what FNB clients can expect in the next few months - Say goodbye to Private Bankers

FNB plans to continue modernising its branch network with a strong focus on digitisation, enhanced client service, and optimal cash solutions for clients.

Banks should take note of how the OBS has dealt with complaints: the OBS 2021 Annual Report

The OBS remains a cost-effective and efficient way of resolving certain types of disputes between banks and their customers.

Ghana increases interest rates again as inflation keep rising

"The committee took the view that it needed to decisively address the current inflationary pressures to re-anchor expectations and help foster macroeconomic stability," Addison told a press briefing in the capital Accra.

Stricter ‘transformation’ rules for South Africa get the green light

The sectoral targets shall be published in the Government Gazette, allowing interested parties at least 30 days to comment on them.

Regulation,Tax & Compliance