Managers of Wealth Africa

Akinwunmi Adesina sworn-in for second term as AfDB President

Adesina was re-elected on August 27 to serve a second five-year term.

Kenya in Talks With World Bank for Budget-Support Loan

The government will spend the money on subsidized agricultural inputs, affordable housing and improving transparency in public financial management, the lender said at the time.

African Development Bank Group Inaugration Speech Dr. Akinwumi A. Adesina September 1, 2020

I am grateful for the opportunity to serve Africa passionately

Access bank urges Nigerians to embrace digital banking to prevent COVID-19 spike

Nwosu, who was represented by the traditional Prime Minister of Awka Kingdom, High Chief Benjamin Okoye, urged the bank to continue to contribute to the development of the host community.

African leaders reaffirm support for African Development Bank as President Adesina begins second term

The meetings were held virtually due to the restrictions imposed by the COVID-19 outbreak

Highlights of the Mauritius Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) (Miscellaneous Provisions) Act 2020

Companies registered in Mauritius were already required to disclose information on their beneficial owners

State starts takeover of idle Sh26bn shares

The authority had given owners of the over 800 million shares up to end of August to claim ownership of the stocks.

Nigeria sets capital rules for mobile money licences

The central bank said in its circular that it could ask payment banks to recapitalise for specific risks.

Futuregrowth in fresh battle over new JSE rules on R3-trillion bond market

Futuregrowth says it will approach the Treasury to amend the Financial Markets Act

FAAN staff protest against contributory pension, concession of airports

DAILY POST reports that the Federal Government had commenced the concession process for four new International Airport Terminals selected across the country.

South Africa’s Central Bank Expects Economy to Shrink 40.1%

Minister projects Nigerian economy slipping into recession Q3

CBK to determine bank dividend payouts in new rules

“The regulator now requires that if we are to pay dividends this year, we get approval from CBK on the size of payouts. The boards of banks intending to pay dividends will really have to justify the decision.”

Treasury admits to propping up of shilling

This is to avoid further drop against the dollar

Post-lockdown recovery of private security business

Sector is on the bouncing back following the easing of Covid-19 restrictions in E Africa

Ghana: Revocation of Licences of 9 Banks - Govt Pays All Depositors 95 Percent Depositors of Collapsed Micro Finance Companies Also Paid

Justifying the need for the banking sector clean-up, he said the country's financial sector was very fragile and, therefore, needed such a drastic measure to save it from collapse.

Regulation,Tax & Compliance