Managers of Wealth Africa

Administrative Court Finds Shortcomings in the State General Account

TA indicates that there have been improvements in the management of public funds.

Banks collapse: Gov't erred — Bagbin

He has indicated that the government erred in not supporting local banks to succeed following the clean-up of the financial sector.

President Nana Akufo-Addo announces budget cuts to salvage economy

Growth slowed and money borrowed in the markets became increasingly high in price.

TymeBank warns customers against becoming unwitting ‘money mules’

Says criminals in search of bank accounts through which to launder money raise the risk of consumers being arrested and their credit and financial standing damaged.

African Development Bank launches USD 2 billion 5-year 4.375% Global Benchmark due 3 November 2027

This transaction marks the Bank’s second USD Global Benchmark in 2022 following the 3-year USD 1 billion benchmark issued in June

Proposed changes for JSE listings in South Africa

As a result, the JSE prioritises the following amendments to its listing and debt listing requirements.

CBN to launch new naira designs December; suspends deposit charges

Although global best practice is for central banks to redesign, produce and circulate new local legal tender every 5–8 years, the Naira has not been redesigned in the last 20 years.

Banker and Regulator Agree Chat Commerce can Radically Shift Financial Inclusion in Nigeria

Lindemann went on to share that the best way to reach customers where they are is on their phone.

Ghana’s currency is slumping because of its dollar-buying spree

Pressure grows on president Nana Akufo-Addo to fire key ally.

NGX Builds Capital Market Capacity on Finance Act

Giving his opening remarks, the Chief Executive Officer, NGX, Mr Temi Popoola underscored the importance of the event, “as the Exchange plays a leading role in driving capacity building, fostering effective collaboration, deepening and enhancing the

AfDB seeks private sector in driving SAPZ

He said: “Implementation of SAPZs through public-private partnership framework is anchored on division of labour among the actors.

Rand tanks as markets see no end to load shedding and Transnet woes

The government is expected to absorb at least part of Eskom’s debt onto to its balance sheet in future

South Africa: Land Bank, Dalrrd Relaunch Blended Finance Scheme

It was developed to improve access to and the affordability of finance for farmers.

Islamic Development Bank Approves $1.8bn Financing for Nigeria

The IsDB active portfolio in Nigeria is standing now at $1.2 billion and we have completed about 55 per cent of all of those projects, we look forward to strengthening our bilateral relations.

Nigeria’s biggest banks generate N57bn from account maintenance fees in H1

Nigeria’s biggest banks electronic banking income surged to N136.4 billion in the first half of 2022, up 17.6 percent from N115.9 billion in the first half of 2021.

Union Bank gets notification for mandatory takeover by Titan Trust Bank

The shares are valued at 50 (fifty) Kobo each and represents 6.59% of the shareholding of Union Bank of Nigeria Plc.

FSCA declares crypto-assets as financial products under FAIS

FAIS governs the rendering of financial services (advice and/or intermediary services), as those terms are defined in FAIS, in respect of financial products in South Africa.

Ramaphosa sets up South African anti-graft agency

People are tired of corruption and want it to end, president tells nation in response to ‘state capture’ inquiry

This type of fraud has spiked in South Africa – and people are losing thousands of rands

Despite the uptick in this type of fraud, the data shows that digital channels remain the safest option when dealing with money in South Africa, with physical robberies at ATMs getting worse

CBN, NIBSS, Bankers Committee Launch National Domestic Card Scheme

These were disclosed during a virtual press briefing at the end of a Bankers’ Committee meeting.

Regulation,Tax & Compliance