Managers of Wealth Africa

Union Systems partners Fidelity Bank to optimize trade finance operations

We are pleased to be able to assist Fidelity Bank with this automation project

CBN open banking plan draws focus to risks, cybersecurity, data breach, fraud

It provides guidance on how TPPs can access and utilise customer bank data in a standard format to provide more open, transparent and competitive banking services.

The world's largest law firm to combine with Zaanouni in Tunisia

Dentons' combination with Zaanouni Law Firm and Associates ("Zaanouni") would further accelerate Dentons' momentum to become the leading Pan-African law firm owned and controlled by Africans, across 17 locations on the continent.

Polaris Bank, Lagos govt launch N1bn fund for artisans

“We are happy to partner with Polaris Bank in ensuring that this mandate is achieved, and we know that through this fund, thousands of artisan businesses across the state can become sustainable.”

Reserve Bank talks up digital rand progress for South Africa

In April, the governor of the Reserve Bank, Letsetja Kganyago

Nigeria wants banks, startups, and retailers to share customer data

More services would invite more people into the financial system, growing the economy and quality of life.

Dean D’Sa, Founding Partner, IZAR: “FSC guidelines on green bonds are important as they set a minimum standard”

The legal infrastructure has not changed which is good because when structuring deals, you really want to have the comfort of stability.

Sarb puts South African bank into receivership

Ubank is a small lender

Financial Sector Assessment Program and Financial Sector Stability Assessment

Banks have withstood the crisis well, helped by liquidity support from Central Bank of West African States and policies to support domestic demand.

Bank of Central African States Urges CAR to Annul Bitcoin as Currency

The bank urged the CAR to comply with CEMAC in promoting economic and financial cooperation and avoiding policies that may lead to monetary fluctuations.

South African banks with the most fraud complaints

The number of complaints the Ombudsman for Banking Services adjudicated increased by 7% compared to 2020.

Auditing watchdog sounds alarm about accounting standards in SA

"In the absence of such a body, there is a risk that there is self-regulation happening in the country, where interpretation of accounting standards is done by the private sector itself, which is such a risk,"

Zimbabwe suspends bank lending in bid to arrest currency decline

The southern African country reintroduced a local currency in 2019 after abandoning it in 2009 when it was hit by hyperinflation

New pensioner rule changes planned for South Africa

Under the current regulations, a person is considered an ‘older person’ from 65 as a man and from 60 as a woman.

Wema Bank Debunks Money Laundering, Bribery Claims

The publication went ahead to mention the names of certain Wema Bank management staff to be allegedly involved in the said transaction.

StanChart spends Sh214m on retrenchment of staff

Stanchart’s staff costs declined to Sh6.5 billion in the year ended December from Sh7.8 billion a year earlier as it benefitted from the cumulative cost cuts.

Development Bank Disburses N482bn to Boost MSMEs

The bank’s total assets also increased by 1.4 per cent from N492.3 billion in 2020 to N499.2 billion in 2021.

Beneficial ownership transparency: how to fix a serious secrecy loophole in the automatic exchange system

This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard (CRS) and is never reported by the US under the inter-governmental agreements (IGAs) related to the Foreign Account Tax Compliance Act (F

Kenya eyes $244m budget support from IMF

Kenya will access $244 million, bringing the total IMF support in a 38-month financing facility to $1.17 billion under the Extended Fund Facility (EFF) and Extended Credit facility (ECF).

Trends in African Arbitration

Combined caseloads from the International Centre for Settlement of Investment Disputes (ICSID) that involve at least one party from a sub-Saharan African state have also risen, nearly tripling.

Regulation,Tax & Compliance