Managers of Wealth Africa

Kenya pays extra Sh5.4 billion for foreign debt on strong dollar

“The Kenyan currency has been depreciating against other currencies, leading to the growth of the country's external debt.”

CIBN Grants Practising License to EDP Consultants

The Entrepreneurship Development Programme of the Institute is aimed at sharpening the entrepreneurial skills of professional members of the Institute to enable them to successfully build capacity and win in the business ecosystem including Small & Me

FSDH Merchant Bank, IFC To Boost Businesses with $33m Facility

This partnership reflects IFC’s strategy to engage the private sector as a way to end extreme poverty, promote economic growth, and boost shared prosperity in emerging markets and developing countries

Kenya central bank restores mobile money transfer fees

It also allowed free transactions on small payments through the M-Pesa mobile payments network, though it withdrew this accommodation at the end of 2020.

International Monetary Fund (IMF) Staff Concludes Visit to Zambia

This will be formally assessed in the context of the first review of the Extended Credit Facility arrangement, which is expected to be undertaken in Spring 2023.

Nigeria limits ATM withdrawals to boost digital payments

The central bank is also planning to mint more of its eNaira digital currency, which launched last year but has yet to take off, according to Bloomberg.

AD Ports Group, Africa Finance Corporation ink deal

The two organisations aim on identifying, developing and investing in ports, warehouses, maritime and logistics infrastructure projects across Africa

State officials face jail for failing to implement MPs’ directives

The section states that a responsible official shall submit a status report to a relevant Parliament committee within 60 days from the date the resolution is conveyed by the clerk or within such period as shall be specified by a resolution of the House.

SA to help fast track visas for Nigerian business

There have been anecdotal complaints of passports spending months at SA missions in Nigeria and talk of deliberate delays for unknown reasons.

New guidelines for getting a bank license for new and pending applications out

It will also provide specified minimum requirements and are expected to be considered by anyone applying for licenses.

Majority of CEOs believe free trade pact will boost intra-Africa deals

Implementation of the AfCFTA will have a positive effect as early as 2022-23: Survey

Nigeria finance minister says borrowing still sustainable

The Debt Management Office put Nigeria's total local and foreign debt at $103 billion at the end of June

CIN deepens compliance with new members induction

Compliance professionals across the sub-region including policymakers, regulators, law enforcement officers and standard setters will attend the event.

Equity recovers 90pc of Covid restructured loans

The lender said last week that restructured loans worth Sh49.4 billion had been fully repaid by the end of September, while borrowers were servicing others worth Sh104.9 billion.

CBK eyes World Bank loans to boost forex reserves

CBK data shows the stockpile of foreign currencies has dropped 19.70 percent to $7.038 billion (Sh858.64 billion) from $8.765 billion (Sh1.07 trillion) at the beginning of the year.

Protect real estate sector from risks — Regulatory authority

The Special Adviser to Lagos State Governor on Housing, Mrs Toke Benson-Awoyinka, disclosed this in a statement on Sunday to announce the third edition of a conference and exhibition programme for real estate practitioners and potential clients in Lagos.

Regulation,Tax & Compliance