Managers of Wealth Africa

Net 1 CEO Says Doesn’t Care About South African Court Challenge

In May, the South African Social Security Agency, which oversees the payment of welfare grants to more than 16 million people

Kenya’s cap on interest rates could impact EAC monetary Union

Under the East African Community Monetary Union Protocol, the member states committed themselves to pursue a free market economy with a floating exchange rate.

CBN may fine banks

The regulator may want to make the fines painful to them, as a deterrent to others.

Banks likely to exploit flaws in new rates law

Banks have over the years disregarded legal measures instituted to cap interest rates, posing a real danger to the newly-passed Banking (Amendment) Bill, 2015.

Bank of Ghana to establish deposits protection system

BOG stands committed to ensuring that a stable environment for banking with a level playing field is provided at all times.

Zuma says backs finance minister but can’t stop investigation

The minister of finance is today almost facing what could be arrest.

Nigerian banks are being barred from forex trading as a dollar crunch worsens

This was to instill more accountability in monitoring government revenue and to eliminate opacity in government.

Kenya to cap interest rates on bank loans

The Kenya Bankers Association criticised the “arbitrary” move and analysts described it as “populist” and “retrograde”.

Kenya Banks Reel as President Signs Law Capping Interest Charges

Cooperative Bank Ltd. plummeted the most on record, while Equity Group Holdings Ltd., the market leader in terms of value, fell to the lowest in 16 months.

Banks brace themselves for minimum capital requirement review

Decision will protect depositors and improve performance

Nigeria central bank suspends nine banks from FX market, sources say

Olojo said the bank was working with the central bank to resolve the issue.

SA bank fees are not high – Tshabalala

This was in response to complaints – recently endorsed by David Lipton, deputy managing director of the International Monetary Fund – that the country’s big four banks were too dominant and fees were inflated because of the lack of compe

New proposed trust legislation: Hit or miss?

Suggested amendments seem to have missed Davis Tax Committee’s goals.

Nigeria central bank says Skye Bank safe, no need for panic withdrawals

After replacing Skye's executives last month, depositors rushed to withdraw their funds.

Stanbic Bank expects Zambia to seal an IMF deal by December

In a note to investors shortly after President Edgar Lungu’s re-election, the bank said with the PF win, most of the groundwork has already been laid.

Sanlam fined N$15m by competition regulator

“This conduct is specifically prohibited in terms of Section 23 of the Competition Act,” he stated.

Money Transfer Fears For Nigeria's Economy

The country’s $20bn in annual remittances set to take a hit after central bank revoke the licenses of all but three money transfer companies

Kenya: Munya Cautions Counties On Slow Remittance of Workers' Pension Deductions

The Meru County boss said it was important to safeguard workers' future especially in retirement.

Lenders want new law for Islamic financing

Islamic banking has key differences from conventional banks

Banks must evolve or risk irrelevance

The expert points out in recent years have also seen a host of new market entrants.

Regulation,Tax & Compliance