Managers of Wealth Africa

Highlights on the Settlement Framework issued by the Mauritius FSC

Service defines us, empowers you

How to transact safely online and avoid card fraud over the holidays

While banks take on measures to curtail the menace of cyber and monetary fraud, consumers ought to be more aware of the risks of card fraud and the ways in which they can protect themselves from falling victim.

JPMorgan Ousted as Mideast-Africa’s Top Dealmaker by U.S. Rivals

Citigroup, Morgan Stanley lead region’s IPO, M&A league tables

Nedbank appoints Publicis Groupe compan

A final presentation stage saw Publicis Groupe and two other shortlisted contenders competing in the context of the Nedbank Cup 2021 sponsorship property.

-1.1% GDP growth in line with Central Bank’s projections – BoG

It must be pointed out that this is consistent with the rebound view as the economy has recovered from a contraction of 3.1 percent to 1.1 percent during the quarter.

African Development Bank’s Board of Directors approves the Bank’s borrowing program for 2021

The Bank will continue to promote the development of African Capital markets with the issue of local currency denominated debt to facilitate the financing of its local currency operations

NDIC set to liquidate 42 Microfinance Banks

NDIC is officially closing 42 MFBs whose operating licenses had earlier been revoked by CBN.

PenCom ratifies sale of AXA Mansard Pension Limited

The approval by PenCom is part of the statutory requirements for completing the formal transfer and sales of the subsidiary.

Lagos partners First Bank to promote access to affordable healthcare

Asserting that the partnership would avail residents the opportunity to pay either N40,000 annually for family plan or N8,500 annually for individual plan through any of the Firstmonie agents, Dr. Zamba explained that once the insurance premium is paid be

Afreximbank names seven Nigerian banks as trade finance intermediaries

A statement issued by the bank on Tuesday said the Nigerian banks as well as other banks in 29 African countries brought the number of TFIs to more than 65.

CBK ends free M-Pesa transfers, rejects banks’ fee push

The reliefs on mobile phone payments were introduced from March 16 to encourage cashless payments on mobile phones as part of efforts to contain the spread of the coronavirus.

Zimbabwe Central Bank to Sell Gold Unit Stake to Lift Compliance

Gold producers, agents to be offered 60% of refining business

CBK boss cracks the whip on rogue banks

Another four banks were listed for over-indulging in insider lending, a problem that sunk Imperial Bank, Chase Bank and Dubai Bank.

Laggard South African Bonds May Get Seasonal Boost at Year-End

The rate on securities maturing in January 2030 narrowed in five of the past six periods, while those due in February 2048 fell four out of six times, the Johannesburg-based analyst said.

The African Development Bank Group: integrity compliance insight

The increase in the AfDB's enforcement activity and its increasingly proactive approach to risk detection are indicative of similar trends with other multilateral banks (MDBs).

Share of bank accounts with more than Sh100,000 shrinks

The CBK delayed releasing the report and does not capture the impact of the Covid-19 economic fallout on the savings.

Allow market forces to determine interest rates

Banks have been eager to price loans to different clients based on their risk profiles but this flexibility remains a mirage after the CBK stepped in as the de facto controller of cost of credit.

South Africa’s 85-Month Downward Cycle May Linger With New Rules

The type of restrictions announced by the president “could curtail economic activity in specific sectors or industries to varying degrees,” the Reserve Bank said in an emailed response to questions.

Banks accuse CBK of controlling loan rates

Banks say that the delayed shift to risk-based lending has forced many of them to deepen investment in government securities and restrict lending to high quality customers with lower risk of default.

Bank Dividend Talk Still Non-Starter for S. Africa Watchdog

South Africa has taken a more hands off approach. Overseers have left it to the banks themselves to make the call.

Regulation,Tax & Compliance