Managers of Wealth Africa

Ghana finance ministry, central bank form committee for talks on IMF programme

A similar engagement will be undertaken with external bondholders, it added.

CBK opens talks with telcos on separation of mobile money business

According to CBK, separation of mobile money business from other businesses by telcos will facilitate realisation of a secure, fast, efficient and collaborative payment system that supports financial inclusion and innovations that benefit Kenyans.

New York Stock Exchange and JSE announce collaboration on dual listings

“The agreement that we have signed today with the NYSE will unlock opportunities for investors and issuers of both bourses,” said Fourie.

Sweden reassures AfDB President of continued strong support for Africa

He explained that the African Development Bank monitored and tracked the impact of each bank investment on gender through a gender-marker system.

Tribunal approves African Bank acquisition of Grindrod Bank

African Bank CEO Kennedy Bungane said: “This is an important step in the process of final incorporation and we commend the Commission and the Tribunal for their hard work and swift decisions.”

Anti-money laundering task force reports successes

But the figures show there are still a lot of crooks out there.

IMF Urges Nigeria to Address Institutional Corruption

Nigeria is a strong state.

Switzerland shares bank details with Nigeria for first time

Five additional countries, including Nigeria, now benefit from an automatic exchange of banking information with Switzerland, taking the total to over 100 for the first time.

What You Should Know About Use of Retirement Savings for Residential Mortgage (II)

The Guidelines provide that an interested applicant is required to obtain an offer letter for the property from the owner or approved agent and approach a Mortgage Lender to fill an application form.

SBM sale revealed in court amid Sh11bn CBK support

The disclosure of the sale and exit of SBM Holdings from Kenya comes in a period that has seen the bank disclose it owes the CBK Sh11.3 billion offered to keep the troubled lender afloat.

CBN disburses N2.1tr to real sector

Earlier in his address, the President of the Abuja Chamber of Commerce and Industry, Dr. Al-Mujtaba Abubakar, praised the CBN for coming to the rescue of MSMEs.

Lenders face sanctions for failure to loan borrowers with negative credit history

The president argued that ‘blacklisting’ has ‘unfairly’ excluded millions of Kenyans from the formal credit system and denied others job opportunities.

Why is Nigeria’s central bank debiting commercial banks?

After a monetary policy committee meeting in September 2022, Godwin Emefiele, the CBN Governor, disclosed that the bank was raising its CRR from 27.5% to 32.5% as part of its moves to mop up liquidity and combat rising inflation in the country.

Reserve Bank sees need to raise rates further

At 6.25%, the benchmark matches its January 2020 level

World Bank backs new push for loan restructuring amid Eurobond freeze

World Bank warning echoes what Central Bank of Kenya (CBK) Governor Patrick Njoroge told Bloomberg News that the financial markets have frozen Kenya out, making it difficult to maintain relationships in the capital markets and borrowing.

Kenya: Cash-Crisis at First Community Bank as Customers Unable to Withdraw Funds

"We acknowledge that our customers may currently be experiencing challenges in some of their transactions occasioned by panic withdrawals informed by malicious rumors."

Shift in scams targeting banks in South Africa

The alerts sent by the scammer can be related to loss of data, update credentials or system breakdown, which results in theft of passwords, credit card numbers, bank account details and other confidential information.

N25m fine: Pay PUNCH 28-year debt, court tells AGF

The AGF, on behalf of the other judgment debtors, dissatisfied with the court’s judgment, appealed the judgment at the Court of Appeal but on March 18, 2004, the court dismissed the appeal of the judgment debtors.

Four African central banks take policy decisions

In its press statement, the board said it acted to stem rising inflation, which had reached 8% in August.

Fidelity Bank, SMEDAN Sign MoU to Bridge $158.1bn SMEs Financing Gap

Digital tools are improving the speed and ease with which credit can be disbursed and SMEDAN is willing to partner with as many funders as possible.

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