Managers of Wealth Africa

Nigeria at Risk of Losing $15 Billion of Crisis-Era Bad Loans

Amcon is struggling to recover bad debts from 2008-9 oil crash

Pressure Mounts on South African Anti-Graft Ombudsman to Quit

Rights group wants Public Protector struck from lawyers’ roll

KCB wants Appeals court to overturn ruling on bank surety

The lawyer told the court that Justice Kasango gave the order after the company applied for it at Nairobi's Milimani court, complaining that despite the dispute having been resolved by arbitration in Stockholm, the issue of bank performance guarantee

CBN issues licences to three new banks

Although the apex bank did not come out to confirm the development, reports said it was being driven by the need to attract new investments into the sector and serve the country’s financially excluded people.

Union Bank announces partnership with TEDxLagos

Speaking on the bank’s partnership with TEDxLagos, the bank’s Head of Corporate Communications and Marketing, Ogochukwu Ekezie-Ekaidem, said: “Union Bank is pleased to partner with TEDxLagos for the second consecutive year.

SEC to revoke licences of more investment banks

He said the commission has embarked on this move following complaints it received from customers of these investment banks.

EY inks agreement with Open Banking Nigeria

This interoperability would result in the development of modern payment services, cost saving for operators and increased innovation while also guaranteeing information security and privacy, which would not cause an uneven playing field for industry playe

Andersen Global Expands into Ghana

There is so much opportunity for growth in Ghana and throughout Africa,” said Sam

Conyers provides information on theft of documents from former Mauritius office

Venture Law immediately engaged a third-party data security company and launched an investigation to determine the scope of the issue.

Somalia: AfDB approves funds

Of the total $28.86 million, the Italian Cooperation contributed $5.22 million through the TSF, split into $1.57 million for the water and sanitation project and $3.66 million for the roads project.

Vodafone Ghana partners Zenith Bank for mobile money agent liquidity and banking

The product, known as Vodafone Ahotor, deducts GHC 3 from the customer's account at the beginning of the month.

South Africa's Kganyago says debate over central bank's ownership "damaging"

It sends the signal to both investors here and abroad that our macroeconomic framework is at risk, making the cost of debt higher than it would otherwise be,” Kganyago said in a speech at a university in Pretoria.

Kenya hands over seized gold to Tanzania

The consignment was received by Tanzanian President John Magufuli in State House Dar es Salaam.

KENYA: Government unveils Africa’s largest wind energy project

It has a 310 megawatt (MW) capacity, and could produce 1.6 billion kilowatt-hours (kWh) annually, representing 13% of the country’s electricity needs.

Zamara enters micro-pension deal with firm

This digital micro-pension programme was launched at the Afro-Asia FinTech Festival in Nairobi.

Managers wary over Kenyan plan to deploy pension funds in Big Four

To actualise the plan, the Retirement Benefits Authority has come up with guidelines for a PPP asset class capped at 15 per cent.

Kenya's Consolidated Bank extends its bond maturity by 3 months

“The extension is necessary to allow the National Treasury (finance ministry) to finalise the process of capital injection into the bank,” the lender said in a statement.

SA banks war brings competition but could erode value

The executive said while banks certainly needed to be fully committed to ensuring fully inclusive access to banking by offering affordable accounts to their clients, this should never compromise the delivery of real value.

Mauritius Regulatory Update

As a competitive offshore jurisdiction of choice, Mauritius continues to grow steadily to further promote its capabilities and opportunities to investors.

South African central bank cuts rates after first-quarter growth plunge

Kganyago said the Sarb “remains concerned about longer-term risks”

Regulation,Tax & Compliance