Managers of Wealth Africa

Nedbank CEO calls on govt to push structural reforms as banks suffer

All banks that have published financial results for the first six months of 2020 so far have recorded increases in credit impairments.

Absa’s mystery sale of SA’s largest house

Absa has obtained power of attorney to sell the luxury riverfront home of one of its former executives

Data breach management 101: why prioritising your incident response plan matters

The Bill imposes a further mandatory obligation to notify the South African Police Service within 72 hours after becoming aware of a cybercrime

Kenyan Banks Remain Stable Despite Pandemic-Led Growth Slowdown -KBA

The banking industry has walked step by step with clients, restructuring in excess of Sh840 billion (up from Sh360 billion in June), which is a remarkable demonstration of the industry’s ability to anchor the economy over the short to medium term.

Data protection and the direct marketing dilemma: complying with POPIA and mitigating liability

The most fundamental implication for direct marketing, broadly speaking, is that while the CPA provides rights and remedies for consumers which allows them to “opt-out” of direct marketing

First National Bank Ghana has added five new contact offices to agency banking.

The additions extend the bank's agency plus partners in Accra, making it possible for more people to access its products and services.

Jamii Bora renamed, gets new CEO after acquisition by Co-operative Bank

The changes come after Co-op Bank acquired a 90 percent stake in the small lender by injecting in Sh1 billion.

Emigration to be based on tax residency test from next year

But draft legislation needs more clarification.

South Sudan seeks $250 million loan from African Exim Bank

It has also approached the International Monetary Fund (IMF) for help, but it’s unclear if that will be successful.

SA Reserve Bank must be nationalised without compensation to end white capital domination, argues Floyd Shivambu

The radical economic transformation (RET) grouping, and others supporting central bank nationalisation, clinched a last-minute Nasrec win with the resolution on land expropriation without compensation.

How to avoid the fraudster's snares in property deals

A mistake we commonly make is bypassing expert advice because we do not want to pay consultation fees.

Hamis Kiggundu's responds to Uganda Bankers Association on reforms

My arguments on the call for banking reforms in Sunday Vision of August 16, 2020 were specifically based on facts

AfCFTA: Zenith Bank CEO Seeks Funding for SMEs, Infrastructure

Onyeagwu warned that the expected benefits of AfCFTA could elude the continent if SMEs are not adequately funded and encouraged to grow through the provision of concessionary long-term funds to build capacity.

Local consumers warned of rising financial fraud

Dev notes that while these crimes are becoming increasingly sophisticated, some very simple precautions go a long way to protect consumers from fraudsters.

SME Equity Fund partners with Fundkiss to boost crowdlending in Mauritius

It may be noted that the MAFH is a leading FinTech association that serves to promote the cause of FinTech in Mauritius in a pan-African context and counts Fundkiss as one of its key members.

EU brings new Africa strategy to bear on the COVID-19 pandemic

Since then, the world has changed considerably and new pressing challenges have emerged for most countries: saving lives, mitigating the immediate socioeconomic impact of the COVID-19 pandemic and planning the economic recovery.

Errant bankers to be blacklisted

Mrs Sappor said integrity and ethics were the cornerstones of banking practice and the new code would exemplify that by reemphasising compliance to those values.

Personal details of 24 million South Africans may have been hacked after attack on credit bureau

The breach is similar to the attack on the US credit bureau Equifax in 2017. Personal records of nearly 150 million people were compromised as part of the largest data-breach in history.

Access Bank signs $93m syndicated loan agreement

“These businesses will be able to continually provide essential products and services thereby achieving sustainable and inclusive growth.”

Santam warns of plunge in headline earnings, while Sanlam impairs businesses

Short-term insurer’s foreign exchange gains were offset by falling underwriting volumes, while investments were also hit

Regulation,Tax & Compliance