Managers of Wealth Africa

Access Bank acquires Zambian Cavmont Bank Ltd

The statement from Access Bank says that the deal is a highly complementary transaction.

Why Tala backs regulation of digital lending industry

Ivan Mbowa, the regional general manager for Tala, a leading credit-only mobile app since 2014, spoke to the Business Daily about their lending standards and developments since Covid-19 shocks struck in March.

Mauritius-Africa, a partnership for shared prosperity

Many jurisdictions have placed ﬁghting this pandemic at par with war by employing emergency measures

Kenya continues to build Islamic finance as its regional ‘competitive advantage’

Today, Islamic finance is an area of development in the country’s Capital Markets 2014-2023 Masterplan (CMMP), which is itself a flagship project in Kenya’s Vision 2030.

European Investment Bank and Afreximbank supporting Africa’s trade

The support for sub-Saharan Africa delivered with Afreximbank is structured in two parts.

Offshore bank, investment and trust accounts – are these still allowed?

We are finding that many South Africans have international transactional needs for both business and personal reasons, yet some are only aware of one-dimensional foreign currency accounts, often referred to as CFC accounts.

BoG Gets Electronic Surveillance Software To Boost Banking Supervision

The Bank of Ghana has invested in state of the art electronic surveillance software to help capture supervisory data from regulated institutions more accurately and prevent the high incidence of misreporting within the financial institutions.

Treasury nets Sh40bn in tap sale

The government is also currently selling an 11-year infrastructure bond seeking Sh70 billion, with the sale running until August 18.

Safaricom bets on security platform to rein in hackers

The telco says demand for the product launched last year has been growing as businesses seek to guard against the ever-evolving cybersecurity threats.

Zimbabwe wants to raise money through a sovereign bond. Why this is ill-advised

The government has proposed issuing a long-term sovereign bond, a process where the government sells bonds to investors on either domestic or international financial markets to raise funds.

ASKY partners with Sabre, supporting growth across Africa through next-generation technologies

Agreement will help power recovery of travel in West Africa and beyond

Bristol-based ICON Corporate Finance lead ground-breaking Africa fintech deal

Mobile money, which accounts for up to 54% of African economic activity, enables African individuals and enterprises to transact financially outside of traditional banking infrastructure; it empowers the unbanked.

Major African Banks Turn to Global Lenders for Funds

The funding, in addition to extending support to the bank’s clients and companies affected by the pandemic, was meant to help Zenith overcome challenges resulting from limited access to foreign currency and working capital.

Nigeria Moves to Capture Illegal Gold Sales to Increase Reserves

Regulating artisanal gold will help diversify Nigeria’s economy at a time when lower crude prices are adding pressure on President Muhammadu Buhari’s government to reduce Nigeria’s dependence on oil.

Closure of banks shows BoG’s supervisory role is effective – BoG

“On 1st August 1957, Ghana’s central bank, the Bank of Ghana, opened its doors for operations following its establishment on 4th March 1957 under the Bank of Ghana Ordinance No. 34, 19

Nigerian press focuses on investment of pension fund in infrastructure, others

It stated that the purpose of the regulation was to provide uniform rules and standards for the investment of pension fund assets.

Absa ARO Completes Fully Virtual Implementation as It Moves to Fiserv for Card Management and Processing Across Nine African Nations

This timely implementation of FirstVision was achieved using a virtual team model based on proven Fiserv conversion methodologies, as the ongoing pandemic required remote operations.

Regulation,Tax & Compliance