Managers of Wealth Africa

South African president outlines new infrastructure development policy

The government has set aside 100 billion rand (about 6.9 billion U.S. dollars) for the Infrastructure Fund announced by Ramaphosa in February.

Zimbabwe President Wants New Currency, IMF Loan in Revival Bid

The introduction of a new currency is crucial to his efforts to revive the economy, said Mnangagwa

CBK boss puts mobile money lenders on notice

He also said that the bank will not tolerate lenders who want to frustrate the taxpayers through loans.

African Bank moves to stem client exodus, safeguard S.African comeback

Next year it plans to launch an overdraft facility in a bid to make the new account, called MyWorld and which it says is already the cheapest on the market, more attractive.

CBK to label digital lenders in consumer protection bid

The governor who spoke during the rollout of Stawi loan app at Kondele market in Kisumu underlined the need for digital lenders to be guided by the interest rates caps introduced in 2016.

Banks have role in clean, open procurement

The scams have largely featured procurement anomalies and unusually huge financial transactions in banks, through which public money is siphoned.

CBK warns digital lenders over customer exploitation

CBK Governor Patrick Njoroge has raised concerns over the increasing number of mobile loan apps.

First National Bank apologises for erroneous issuing of money

South African bank, First National Bank, issued an apology on Wednesday, 19 June 2019, after customers mistakenly received large amounts of money in their bank accounts.

African Bank moves to stem client exodus, safeguard SA comeback

African Bank plans to offer overdrafts and expand its insurance business

Libyan Sovereign Wealth Fund Refused Permission to Appeal

This judgement offers the current management of the LIA the opportunity to concentrate on looking after Libya's wealth for the benefit Libya's people."

Standard Chartered Targets Growing Middle Class With New Insurance Products

Some of the differentiated features of the motor insurance are for instance; Car hire benefits of up to 24 days while vehicles are being repaired, free valuation services of vehicles, where necessary and alternative accommodation if clients get accidents

Strengthening the Non-Banking Sector: A Shared Responsibility

As the representative voice of the business community, the Ghana National Chamber of Commerce & Industry (GNCCI) commends BoG for the steps taken in revoking the licenses of these insolvent companies

National Bank fights job cuts in KCB takeover

The lender proposed to acquire NBK through a 100 percent share swap of 10 ordinary shares of NBK for every one ordinary share of KCB.

Giving Lifting informal sector with Micro Pension Plan

These include street vendors or domestic workers as well as off-the-book activities by registered firms—for example, the taxi driver that offers a discount if the meter is not turned on.

Entrepreneurs claim Nedbank stole their patented card-blocking system

This figure is based on the estimated royalties they say they would have received had Nedbank acquired the software legally.

Mauritius rule changes may hit offshore funds

In many cases, the board meetings happen in Mauritius, directors are in Mauritius but the control and management is actually not in Mauritius.

Offshore banking and money laundering (1)

What exactly does it entail and what is its role in the scheme of things and what risks do money laundering activities pose for the economic welfare of the country?

Commerce lobby backs rate cap law repeal plan

The business lobby reckons a review of the cap will help manufacturers expand production and ultimately ease unemployment that currently stands above 40 per cent.

AfDB Grants Ireland Membership Status

The Boards of the AfDB and AfDF, referred to as the “Bank Group”, encouraged the speedy conclusion of all processes towards the admission of Ireland.

Nigeria to shut bank accounts of firms which import restricted goods

Emefiele’s reappointment signalled policy stability and broke a trend of Nigerian central bankers serving a single term.

Regulation,Tax & Compliance