Managers of Wealth Africa

Where FATF Crypto Compliance Gets Interesting: Africa

Africa isn’t included on the virtual asset regulatory map just yet.

SA’s increasingly jaded corporate governance

The regulatory muscle being flexed by the bourse, and questionable claims of independence by some corporates.

VBS can’t be revived: Reserve Bank

To date, the Reserve Bank said over 98% of deposit balances guaranteed by government have been claimed.

SA’s increasingly jaded corporate governance

The regulatory muscle being flexed by the bourse, and questionable claims of independence by some corporates

IMF and African Development Bank loans couldn’t even cover South Africa’s tax shortfall

To help the battered economy and fight the pandemic, South Africa has borrowed $4.3 billion from the IMF, R5 billion from the AfDB and $1 billion from the New Development Bank.

Private sector credit growth hits 5-month low over Covid

Banks are taking a cautious approach in extending fresh credit in an environment where corporates and individuals are increasingly seeking extension on their loan repayments due to liquidity challenges.

CBK revises remittances outlook on June recovery

Kenya’s remittances recovered sharply in June to Sh31 billion ($288 million) -- the second highest inflow in a single month-- after the sharp dip in April as coronavirus continued to hit the world economy.

AfDB: Breaking down Adesina’s actual record as president

He also believed that his record would ensure his smooth re-election as president of the AfDB.

Interview: AIIB offers better access to affordable capital to African members

The AIIB membership provides powerful guarantees of governments' policy directions

RMB CEO: Tito’s Cabinet colleagues must help to push through business reforms

The former central bank governor has advocated pro-business reforms that have met opposition from some factions within the ruling party and its communist and labor union allies, which seek more government control over the economy.

Access Bank of Nigeria set to enter Kenyan market

Access Bank, with its headquarters in Lagos, is one of the leading full service commercial banks operating through a network of 600 branches and service outlets in three continents.

Reserve Bank to stay way from policies that have failed, historically: Kganyago

The Reserve Bank has been adamant that its buying of government debt in the secondary market since March is aimed at reducing market dysfunction, and is not quantitative easing.

Banks restructure Sh844bn loans on Covid cash crunch

It highlights the financial struggles of many workers who had borrowed loans on the strength of their pay slips only to later suffer pay cuts, unpaid leave or even layoffs in certain cases.

Ghanaian owned banks that are still thriving despite the banking crises

The Bank of Ghana in September 2017 raised the minimum capital reserve requirement from GHS 120 million to GHS 400 million for all universal banks in Ghana.

African banks adopt robust measures against lockdown losses

They have eased capital reserve requirements, many of which were introduced in the aftermath of the 2008 global economic crash.

RMB CEO Implores South African Leaders to Heed Mboweni Warnings

Formby says finance minister needs more government support

CBK holds base lending rate at 7 per cent

“This is supported by lower food prices, the impact of the reduction of VAT and muted demand pressures,” Njoroge said.

Be fraud smart, Access Bank urges customers

Over the last few months, the number of reported fraud cases has spiked considerably.

Business interruption claims to cost Old Mutual over R650m

Group makes ‘settlement’ offer in the wake of financial regulators reaching a landmark agreement with insurers to assist virus-hit small businesses

Zim bourse to resume trading - minus Old Mutual and PPC

Authorities said the investigations had failed to find direct evidence of involvement by the companies themselves in the trading of their shares, but that they would remain suspended.

Regulation,Tax & Compliance