Managers of Wealth Africa

The Mauritius Financial Service Commission Issue Communique On Its License Filing And Reporting Obligations

The FSC has thus confirmed that it will continue to maintain a flexible approach

Bank of Ghana report shows that banks withstand COVID-19 shocks, SDIs hit hard

The report noted that the COVID-19 measures to curb the spread of the virus such as the lockdowns, border closures, and social distancing that were announced by the government disrupted economic activities.

Ecobank Ghana makes history with receipt of Green Climate Fund accreditation

By this, accreditation the bank attains direct access to funding for the financing of climate change mitigation and adaptation projects, as well as grants for capacity building.

IMA Releases New Reports on the Role of CFO in Sustainability

Reports analyze integration of finance professionals in sustainable business activities

Land Bank hopeful to raise R3bn within the next fortnight

In a notice on the Stock Exchange News Service, issued on Wednesday, it outlined timelines for its restructuring process, as well as a second stage – "repurposing strategy".

Tanzania gets $26m IMF loan for debt relief

The pandemic has weakened near-term macroeconomic prospects for Tanzania and in almost the entire sub-Saharan Africa.

CBK boss spared over Imperial Bank hearing

The CBK placed the bank under receivership in October 2015 after the board of the mid-sized lender alerted it about alleged malpractices.

African Development Bank joins Nasdaq Sustainable Bond Network

By joining the Nasdaq Sustainable Bond Network, socially responsible issuers are provided a unique opportunity to bring attention to their concrete actions

Nigerian Government Issues Amendments To Order On Voluntary Offshore Assets Regularisation Scheme (VOARS)

The Order also allows persons to elect to access any of the offshore assets regularisation facilities in Liechtenstein, Nigeria, UAE, Switzerland, UK or elsewhere by paying a 2% facility access fee.

Absa restructures 26pc of net loans

This has led to layoffs, reduced cash flow for businesses and forced unpaid leaves, which have set the stage for loan defaults.

Sanlam delays paying parent group Sh2.8bn

Sanlam Life paid $7 million (Sh745 million) in the year under review while Sanlam Plc have extended repayment to end of 2020.

OnlineDefunct fund managers want cash payments over bonds

It further appealed for a speedy resolution of the issue to restore calm and bring relief to the sector.

Exposing The USD 58 Mn Mess Made By Rogue Employees Who Stole From SA Bank

As a local news outlet first reported, Postbank is convinced that its employee(s) is/are behind the breach, per an internal security audit that was obtained from a source in the bank.

Africa at risk of slipping into a Covid banking crisis

Policy makers have to make a very important balancing role between immediate needs of the economic crisis and how to restore confidence and build a well-capitalised banking industry that is better able to support growth in the future.

The Digital Imperative for Banking in the New Normal by Ciko Thomas, Group Managing Eecutive, Retail & Business Banking (RBB)

For banks, there is an opportunity to leverage their mature digital-transformation journeys to emerge stronger, despite the likely margin squeezes and higher credit impairments.

Regulation,Tax & Compliance