Managers of Wealth Africa

Standard Bank ordered to freeze accounts of suspected Ponzi scheme

Lyoness South Africa is a multi-level marketing scheme that is thought to have roped in 190 000 South Africans.

Capital markets regulator approves a Sh5 unit trust

The product is set to disrupt the CIS market where companies take a minimum of Sh1,000 from investors.

$750m Afrexim Bank loan hits Bank of Ghana’s accounts

The proceeds from the loan, according to the government will help shore up its reserves, which stood at $7.68 billion, as of June 2022, a move that could help slow down the rate of depreciation of the local currency against the dollar.

Updated: Access Holdings gets approval to take over First Guarantee Pension

"This transaction is in line with our vision to create a globally connected community and ecosystem; inspired by Africa for the world,” CEO Herbert Wigwe said in a document seen by PREMIUM TIMES.

Access bank cuts operating hours after spending over N77bn on energy, others

According to the bank, while some of its branches will continue to operate between 8am and 4pm, its electronic channels would be open to customers 24hours everyday.

Kenya's central bank to raise $41mln from bond market

The securities are on sale until September 13, when the period of the auction closes

Ethiopia’s import bill surpasses $18 billion

The analysis shows that for the 20th year in a row, China continues to be the leading origin for Ethiopia’s imports, providing $3.3 billion or 18% of total imports.

Experts urge CBN to leverage technology to strengthen naira

The News Agency of Nigeria reports that the hybrid meeting had, “Leveraging on Technology to Gain a Competitive Edge” as its theme.

This new cybersecurity centre will help protect African countries from cybercrime

A new cybersecurity center in Togo is poised to add into efforts by individual African countries to secure the continent’s cyberspace.

Ghana Central Bank Announces Launch of Regulatory Sandbox

The Ghanaian central bank has touted the recently launched regulatory and innovation sandbox as a fulfillment of its “commitment to continuously evolve a conducive regulatory environment that fosters innovation, financial inclusion and financial sta

VISA announces grant to help African women fund managers grow their businesses

Visa’s grant to the AWIF is an extension of the She’s Next program, a global advocacy program for women-owned businesses that has been expanded to Sub-Saharan Africa to further champion and strengthen African women business owners as they buil

South African workers march in capital against inflation

South African workers have demonstrated against the country’s rising cost of living including record-high fuel prices and increased costs for basic foods

Bank of Ghana Launches New Regulatory Sandbox

At the same time, the restrictions imposed on movement of persons as part of the covid-19 containment measures have spurred the adoption of digital financial services among individuals, businesses, government ministries, departments and agencies.

More Money For Bank Customers As CBN Increases Interest On Deposits

Daily Trust reports that the CBN recently directed banks to pay savings deposit accounts an interest rate of at least 4.2%; from the 1.4% that previously obtained.

South Africa’s much vaunted financial systems may face existential threat

If South Africa wanted to avoid being put on a grey list it needed to up its systems and policies.

Bank of Ghana raises policy rate to 22 per cent

BoG is betting on the measures to help arrest the cedi depreciation which has heightened in the face of growing micro fiscal challenges.

Why the Reserve Bank fined Nedbank R35m

Strict compliance with comprehensive legislation keeps our money safe and criminals at bay.

Pensioners Bemoan Disparity in Pension Benefits, Accuses PTAD of Altering Payment Scale

The pensioners said the present payment scale used by PTAD for their monthly benefits falls far below what was contained in the table of consequential adjustment in pensions arising from the implementation of the National minimum wage.

AG Mortgage Bank partner FITC on growth

This was made known during the signing of the Memorandum of Understanding (MoU), at the bank’s office in Ikeja, Lagos.

Digital finance in Mozambique: A new era for financial services

Although technological innovation in banking and finance is not new, the growing investment in new technologies has substantially increased the pace of innovation in recent years, which in turn has resulted in an equally substantial growth in demand for n

Regulation,Tax & Compliance