Managers of Wealth Africa

KRA to reward whistleblowers on tax cheats

The plan comes amid a tightening noose by the taxman on tax cheats.

Nigeria’s private sector COVID-19 fund balloons to N21.58b

The document showed that Modupe and Folorunsho Alakija, Mike Adenuga and Nigeria Deposit Insurance Corporation donated N1billion each.

Banking cyberattacks on the rise, with a third of South Africans vulnerable

This is why there are security updates – they are meant to find and close potential gaps, before threat actors find and exploit them.

African Development Bank Group approves Gender Equality Trust Fund and Risk-Sharing Mechanism to improve women’s economic empowerment in Africa

Funded by donors, the GETF will support the delivery and scale-up of the Bank’s Affirmative Finance Action for Women in Africa (AFAWA) programme

Economic Policies for the COVID-19 War

In a war, massive spending on armaments stimulates economic activity and special provisions ensure essential services. In this crisis, things are more complicated, but a common feature is an increased role for the public sector.

Africa and Gulf Bank selects Path Solutions for strategic Islamic core banking implementation

iMAL will enable and support the bank’s strategy of Sharia compliance, customer centricity and product innovation

N76bn bank dividend held back over coronavirus chaos

Buhari, in his address to the nation said, “All citizens in these affected states are to stay in their homes for 14 days in the first instance while travels to or from other states should be put on hold. All businesses and offices within these locat

African governments team up with tech giants to fight coronavirus lies

Twitter has been tweaking its algorithm to elevate medical information from authoritative sources - an initiative available in 70 countries, including five in Africa.

Ethiopia’s central bank embraces fintech, mobile payments for operators

As Capacity reported last year, the government of Ethiopia, which came to power in early 2018, led by prime minister Abiy Ahmed, has already announced its determination to liberalise the telecoms market in the country – but details until now have be

European megabanks eye African American-owned banks for US entry

The first likely beneficiary of a minority-owned first policy is Washington, DC-based and family owned Industrial Bank

South Africa’s RMB Urges Coordinated Effort to Soften Virus Blow

RMB is customizing relief packages to clients, Formby said.

Statement On Measures Taken By Ecobank Kenya Limited to Safeguard Its Customers and Staff From the Covid-19 Pandemic

Mr. Travaly urged customers to take advantage of Ecobank's robust digital banking platforms

African Development Bank wins industry gong for pioneering 2019 social bond issue

This Environmental Finance 2020 bond award was given by an independent panel comprising 30 of the world’s largest green, social and sustainability bond investors

African Development Bank approves $2 million emergency assistance for WHO-led measures to curb COVID-19 in Africa

The grant will be used by the world body to equip Regional Member Countries to prevent, rapidly detect, investigate, contain and manage detected cases of COVID-19

HF cuts lending by Sh4.8bn, shifts from real estate model

The shift decelerated HF’s lending by 11.3 percent from Sh43.4 billion to Sh38.55 billion as the bank went in search of new opportunities in an environment of a slowed down property market.

Fidelity Bank cuts profit target as coronavirus hits Nigeria

“We assume that Q2 is going to be soft after the disruptions associated with coronavirus,” he told Reuters by telephone.

Old Mutual pledges N$5 million for Covid-19

Old Mutual Namibia recognises that a large portion of the poor and the vulnerable receive their limited income from daily/hourly labour, which they will not be able to earn during the lockdown, he said.

Standard Bank meeting all capital and liquidity requirements

The bank’s small-enterprise, low-income and student clients will be benefitting from an automatic three-month payment holiday from April 1 to June 30, equating to approximately R35-billion.

Africa central banks slash growth forecasts

East African countries have offered bleak forecasts as well.

Labour minister's plea to employers: Don't shift 'burden' of coronavirus onto workers

Some essential businesses were operating without giving employees the required protective equipment in order to adhere to safety requirements during this time.

Regulation,Tax & Compliance