Managers of Wealth Africa

Bank Of Ghana Warns Against Trading In Foreign Currency

The BoG said it is collaborating with the security agencies to clamp down on illegal foreign exchange operations.

Nigeria’s central bank fines 3 banks $1.9 million for operating crypto trading accounts

In February 2021, the Central Bank of Nigeria ordered all commercial banks and financial institutions to close all customer accounts that operate in or trade cryptocurrency.

Reserve bank wants engagement on cryptocurrency regulation

A distributed ledger is a digital record of transactions and contracts maintained in a decentralised form across different locations.

FG Moves to Withhold Assent to MDAs’ Budgets over Non-rendition of Accounts

This came as the ACCA Nigeria’s Country Head, Mr. Tom Isibor, said non-rendition of had implications for Foreign Direct Investment into the country.

Kenya's top banks want the country's central bank to re-introduce charges on mobile money transfers

By ending of 2020, Kenyan banks made efforts to have the transfer fees reinstated.

IoD Task Members on Good Corporate Governance

Let me start by acknowledging that the quality of the membership of any professional organization generally defines its influence and relevance.

Dubai Financial Services Authority signs MoU with Central Bank of Mauritius

The MoU places an emphasis on technologies pertinent to financial services

Top banks urge CBK to reinstate M-Pesa fees

CBK rejected bankers’ push to reinstate fees on the transfer of cash between accounts and mobile phone wallets at the end of 2020 when it ended free M-Pesa transactions of up to Sh1,000.

4 scenarios for price hikes in South Africa in the coming months

At the other end of the scale, PwC has forecast an upside scenario of 4.9%.

Government plans to ‘shake up’ laws for businesses in South Africa – what you should know

Lamati said he expects the business sector and labour to table their own proposals in the coming months to table their proposals in respect of the areas that they think need to be amended.

European sustainability law will impact SA companies

The EU Commission will be publishing guidance about voluntary model contract clauses to help companies comply with their due diligence requirements through their value chains.

Deadline looms for Ithala Bank as it faces challenges to acquire a permanent banking licence

The bank has been struggling for about 10 years to obtain a permanent banking licence and as a result,

KDIC pays Sh200m to depositors of three collapsed banks

Creditors of Euro bank, Kenya Finance Bank and Dubai Bank which are currently in liquidation will receive funds over a one year period.

Ecobank gets punished by Central Bank of Kenya for breaching forex regulation

The Central Bank of Kenya said in a press statement on Monday that Ecobank Kenya Limited breached this rule.

Kenya's central bank temporarily blocks Ecobank from FX trading

Ecobank was required to put in place remedies to the lapses that were identified by an investigation

S.Africa's rand pulls back as dollar firms, markets slightly down

"By far, inflation is still a bigger concern for the stock market than the Russia-Ukraine war," said Wayne McCurrie, portfolio manager with FNB.

Eyes on Ethiopia as Government Embarks on Liberalizing the Banking Sector

Ethiopia, whose economy grew by at an average rate of 10% before the pandemic in 2020, has had its market coveted by leading firms across the continent and region, but the government has always been keen on protecting the market for local growth.

Nigeria: Labour Picks Hole in Ongoing Amendment of Assets Declaration Law

Another contradiction in the act was the definition of outsourced workers in the bank as employees of banks.

Kenya to receive millions seized in Jersey to help fight Covid

When it came to splitting up their assets, Ms Njeri felt she was not getting her fair share.

Microsoft: We addressed allegations of bribes in Africa, Middle East

"We believe we've previously investigated these allegations, which are many years old, and addressed them."

Regulation,Tax & Compliance