Managers of Wealth Africa

Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90%

However, the cost drops dramatically by as much as 90% when money is sent through cryptocurrency-based fintech companies like Bitpesa.

Nedbank Zimbabwe caught with pants down, ordered to return $3m to client

Nedbank ran a bond note deposit promotion early last year, in which a client who deposited bond notes would be entitled to a foreign currency allocation equivalent to 50 percent of bond notes that were deposited.

NSE fines Access Bank, two others N8.12m for disclosure violations

The NSE said every listed company was required to provide the Exchange with timely information to enable it efficiently perform its function of maintaining an orderly market.

SA Bank of Athens repositioning as Grobank

The bank will be focused on building an agri-banking offering based directly on the insights gained through direct relationships with farmers and agri-businesses held across generations and will add these to its existing range of business banking product

Jersey Finance Developments in the Middle East

There is also a notable increase in the connectivity between the UAE and East Africa, specifically Kenya.

Developing new banking products to accelerate CBN’s Financial Inclusion

With the minimum risk to the CBN, the payment service providers and end users, the operation aimed at accommodating the banked, underbanked and the unbanked.

UAE, Saudi Arabia provide 3b US dollars in assistance to Sudan

The assistance bundle entails $500 million deposit into Sudan's central bank to strengthen the country's liquidity and monetary reserves.

Andersen Global Expands Africa Presence; Signs Collaboration Agreement in Economic Hub of South Africa

South Africa marks the tenth country in Africa in which Andersen Global has a presence.

S. Africa Reserve Bank Says Too Early to Claim Inflation Win

The improved outcomes were mainly due to positive surprises such as low food-price growth and a stable exchange rate, the central bank said.

South Africans still seeking UK passports despite looming Brexit

“Political uncertainty is a crucial factor, especially in emerging markets, where HNWIs ( high net-worth individuals) are often based in jurisdictions where there is a large disparity in wealth,” he said.

AfDB approves US$23 million to support agribusinesses in eight African countries

The projects are supposed to be implemented within six months and also finance upstream work of project design, including feasibility studies, business plans, product and process certification, market analysis, as well as aid them to conduct environmental

Reserve Bank governor again slams Public Protector in speech on central bank independence

The report found that Absa had to pay back R1.25bn in the co-called Bankorp bailout matter.

Kganyago again slams Public Protector in speech on central bank independence

But included in the remedial action was also an order that the Constitution be changed to alter the Reserve Bank’s mandate — with the Public Protector even providing the text for the updated section.

China Merchants in Talks to Replace Ousted Djibouti-Bank Partner

IZP Group’s Globebill Technology Co. was among third-party payment companies fined by China’s foreign-exchange regulator for violating rules on cross-border payments, Beijing-based Caixin Global reported in February.

Will Kenya’s Central Bank Governor rescue Spire Bank?

It is now struggling with critical capital and liquidity deficiencies, even as it seeks capital injections from its shareholders and an unnamed strategic investor.

Why CBK has powers to fight money laundering

Under the Anti-money Laundering and Counter Financing of Terrorism (AML/CFT) law, the reporting of cash transactions is a key control in the detection and prevention of money laundering

AfDB moves to quicken Africa free trade area implementation

AfDB said this will be done with a regime of reduced tariffs and non-tariff barriers to cut the cost of doing business on the continent.

African soccer whistleblower fired after accusing boss of corruption

The document, sent on March 31 by Fahmy to a FIFA body that investigates alleged ethics breaches and seen by Reuters, accuses Ahmad of ordering his secretary-general to pay $20,000 bribes into accounts of African soccer association presidents.

Treasury snubs Sh25 billion at bonds auction amid high liquidity

In the latest auction investors asked to be paid an interest rate of 12.346 percent for the 10-year paper but the Treasury accepted 12.3 percent.

A new option for retirement … the hybrid annuity

It’s a life (or guaranteed) annuity inside a living annuity.

Regulation,Tax & Compliance