Managers of Wealth Africa

African Bank approves Zimbabwe economic restructuring plan

“Zimbabwe has the potential to recover from its present challenges, given the reform efforts that the Government is currently pursuing,” he said.

Regulation of Crypto Assets

Crypto-investors and users, as well as crypto-asset service providers, are exposed to high risks.

Enforce banking regulations to strengthen sector – Dr. Richmond Atuahene

Commenting on the state of the sector going forward, Dr. Atuahene said a key area of focus for the Central bank should be a reduction in the high level of Non-Performing Loans in the country.

The Eco: The Devil Is In The Detail

Therefore, either the WAMU countries accept the monetary policies and authority of the Central Bank of ECOWAS or they leave the Eco zone.

Sudan opens up gold market in bid to raise revenue

Any added revenue from the new system would help Sudan’s government cope with severe economic pressure as it tries to navigate a three-year political transition.

African Development Bank hands over US$10 million grant to Zimbabwe

The minister welcomed the grant saying the support had come at an opportune time when government was prioritising good governance in order to strengthen economic development of the country.

Eskom is facing another demon in the dark — its R140bn pension fund

The documents expose risks to an asset base in excess of R140-billion, 43,571 active pension fund members, 33,317 retirees; 2,376 deferred beneficiaries, and here is the clincher: by default Eskom itself, and by extension government and the taxpayer, coul

Angolan commercial banks grant 72 mln euros to increase domestic output

Work is also underway by the ministry to capitalize the Credit Guarantee Fund and eliminate the risk of the credit line provided to BPC by the African Development Bank to increase the project's credit line

Mergers & Acquisitions looms in Nigeria’s financial institutions over central bank’s planned minimum capital increase

Plans by the central bank to increase minimum capital requirements for banks in 2020 may trigger mergers and acquisitions in the industry, Olowu said.

Why Angola had to freeze the personal assets of Africa’s richest woman

Dos Santos, who has long attributed her wealth to hard work, smart investments and business savvy, dismissed the state’s actions as a “politically motivated witch hunt.”

Absa signs N$7 billion deal to scale African financing

The guarantees would free up financial capacity, enabling Absa's subsidiaries to provide additional lending and generate more revenue.

MTN Cameroon gets GSMA mobile money accreditation

Hendrik Kasteel, MTN Cameroon CEO noted that the achievement “is the fruit of significant technological and financial investments by MTN Cameroon to facilitate the development of an inclusive digital economy” in the country.

Andersen Global Continues Expansion in Africa with Debut of Tunisian Collaborating Firm

We look forward to strengthening our presence not only in Africa, but also globally through our collaboration with the organization.

AfDB sanctions $20m investment in Metier Fund to unlock SSA growth

This funding will also create opportunities for industrial wastewater treatment and waste-to-energy generation.

Sabric working 'closely' with network providers to address number-porting scam

Fraudulent number porting is not new and is done by fraudsters as an alternative to SIM swaps, so that they can receive all communications intended for the victim

Absa gets Miga guarantees to reduce RWA across Africa

Absa’s subsidiaries outside of South Africa are required to maintain reserves at the central banks in their respective jurisdictions, based on the volume of customer deposits that these subsidiaries have.

Safaricom to monetise customer location data

Location intelligence provides marketers with unique insights into customer behaviour and many telcos around the world sell such data to third parties or use it to tailor-make their marketing activities.

CBK ought to tackle climate change risks

This he called “the tragedy of the horizon” because climate change impacts would be felt beyond the traditional horizons of most financial actors.

Rwanda to create bank solely dedicated to ‘green energy’ projects

The Rwanda Green Bank proposal follows one South Africa, which has set up the same bank that also finances green projects undertaken in the country with an initial balance sheet of over $100 million.

FORUS Partners With Coin Apps Tech To Bring Blockchain To South Africa In A Flash!

Forus will bring the costs of banking down, enabling people, small businesses and farmers who have been traditionally priced out of banking to be able to participate.

Regulation,Tax & Compliance