Managers of Wealth Africa

US demands probe of AfDB chief’s conduct

The US is AfDB’s second largest shareholder after Nigeria with a 6.5 per cent stake

Long awaited OTC Margin Rules are now final

The key piece of information the industry has been waiting for, the start date for the phasing in of the requirements to post IM and VM

African Development Bank Reduces Poverty After a Decade of Transformative Action

The replenishment represented a 35% increase in financing for low-income African countries at the end of the fifteenth replenishment of the African Development Fund, the concessional window of the Bank Group.

Payments push interbank rate to 7-month low

As a result of the payments, commercial banks were able to retain an excess of Sh35.2 billion at the CBK vaults relative to the minimum of 4.25 percent of their total deposits as required by the authority.

Solly Moeng | First things first: We must be able to trust those running our SOEs

The only worry is that no one on the political left will admit that the state has a poor record in managing anything that involves a lot of money.

FNB is massively cutting SLOW lounge benefits on eBucks – for even its wealthiest clients

FNB on Monday announced annual changes to the eBucks rules, saying those "will make it easier for customers to earn more eBucks".

Should Ghana Be Part Of EU’s Money Laundering, Terrorist Financing Blacklisted Countries?

Though principally for mass educational purposes, the article also touches on whether there are double standards in how the EU enforces anti-money laundering and countering terrorism financing (AML/CTF) laws

Nedbank, Rand Merchant Bank join 28 banks charged with rand manipulation

The banks had contended that SA's competition authorities did not have jurisdiction over their activities that took place outside of the country.

Forex reserves fall Sh22bn on Eurobond payments

The interest is paid in two equal instalments every six months, working out to $79.5 million (Sh8.5 billion) every May and November.

African Bank taps Arctic Intelligence for anti-money laundering

The solution will also comply with the latest regulatory guidance.

BoG announces measures to boost liquidity in financial sector

At the 94th press conference of the Monetary Policy Committee, the Governor of the Bank of Ghana (BoG), Dr Ernest Addison, said microfinance companies that met eligibility criteria agreed on would also qualify for the support from ARB Apex Bank.

Access Bank embraces new normal with virtual AGM for shareholders

The shareholders also applauded the Bank for its sterling performance for the year under review and encouraged management and staff to keep up the good work even as the country steers through the pandemic.

Banking Sector Urged to go Digital to Build Resilience and Sustainable Growth Post Covid-19

There has been rapid uptake of mobile technologies in the region with strong economic growth in the past 2 decades.

Concerns over alleged ANC plan to ‘prop-up economy using pension funds’

Will the pension funds of South Africa be used to rebuild the economy? A leaked document seems to suggest that the ANC will set the wheels in motion.

African Bank Limited adopts award-winning RegTech Arctic Intelligence’s solution, AML Accelerate

The output enables African Bank to measure overall financial crime risks and ensure their AML program is proportionate to the level of risk.

Treasury stretches debt maturity to 5.7 years

The expectation of government borrowing surging at the end of the fiscal year will not happen

The “High 5s”: A strategic vision and results that are transforming Africa

Structural transformation is needed to create more jobs, reduce poverty and accomplish sustainable development objectives

Senegal: African Development Bank (AfDB) approves 88 million euros emergency budget support for COVID-19 response

The operation will target support measures providing relief to the most vulnerable households, while safeguarding jobs and enabling businesses to quickly resume

Africa’s Battle for the Soul of its Development Bank

According to him, the petitioners were manipulated by a group of non-regional executive directors, not for the good governance of the African Bank, but to discredit his candidacy.

African Development Bank: 'No Decision' Yet on Demands for Probe

The AfDB's ethics panel completely cleared Adesina after conducting its own investigation, saying the accusations "rested on no objective, solid facts."

Regulation,Tax & Compliance