Managers of Wealth Africa

Contributory pensioners hits N6.8 million subscribers

The major challenge is to ensure that all retirees under the scheme are paid their benefits as and when due.

East Africa considers new AU alternative funding mechanism

I believe the proposals are similar to those put forward by the African Union.

You can't be CEO for more than 15 yrs - BoG new rules for banks

The size of bank Boards shall be limited, as well as the retiring age for Directors prescribed.

Afrexim says talks over Nairobi branch collapsed

The bank has had a longstanding dispute with the ministry over delay in granting the multilateral lender and its staff diplomatic status, a condition that Ethiopia is long reported to have agreed on.

BoG limits CEOs tenure to 15 years

Banks will also be required to disclose attendance at Board meetings by Directors in an annual accounts.

Reserve Bank worried about more downgrades for South Africa

Fitch is the first rating agency to lower South Africa’s local currency rating to sub-investment grade.

Dubai Islamic Bank confirms licence for Kenya unit

Dubai Islamic Bank subsidiary to offer Sharia banking services

Kenya issues licence to shariah-compliant DIB Bank, first since 2015

Kenya's central bank has issued a licence to DIB Bank Kenya Ltd, which is owned by United Arab Emirates-based Dubai Islamic Bank <DISB.DU>, the first by the central bank since 2015, when it placed a moratorium on approving new banks. The move a

Trade Union Asks Private Firms to Raise Standards

Government has assured us that they will not repeal NSSF and the Pension Act.

Short-term insurers, credit providers and virtual currency exchanges to become accountable institutions under FICA?

FICA currently places onerous obligations on accountable institutions

Transborder transfers of personal information – an international perspective on adequacy

When it comes to a law, however, what can be said to provide adequate protection?

BoG to stop market volatility

The budget is very hopeful in tackling the situation.

Anohu-Amazu hands over regulation of N6trn pension industry to Dahiru-Umar

The handover followed the arrival of her disengagement letter last Friday which was officially delivered to her.

Africa: World Bank Cautions African Govts On Large Fiscal Deficits

The bank says although commodity prices have gained some ground, exporters (especially, oil exporters such as Angola and Equatorial Guinea) are still running sizable deficits.

South African banks threatened by delay in money-laundering law, global body says

Zuma has been lobbied by the Black Business Council not to sign the bill

Nigeria: Investors, Exporters get Special Forex Window

The regulator advised authorised dealers to promote market transparency

Sudan's Agricultural Bank Signs Agreements With US Companies

Ahmed said that after the exchange of documents and the opening of an account at "a major US bank", the agreements will immediately be implemented.

Ghana central bank will not finance budget deficit – governor

Addison said Bank of Ghana did not finance the deficit last year, although the current law allows limited funding.

CBN to sanction banks hindering SMEs’ access to forex

The CBN, therefore, appealed to bank customers and the SMEs to provide concrete evidence against these banks so it could hold them responsible by way of sanctions, Mr. Okorafor said.

World Bank Group launches initiative to support digital entrepreneurs in Africa

Digital start-ups are important drivers of innovation in Africa

Regulation,Tax & Compliance