Managers of Wealth Africa

Time for financial institutions to come clean with clients

Institute says public should be concerned about the vulnerability of their pensions and savings

African Development Bank, Africa Investment Forum Founding partners, announce postponement of the Africa Investment Forum to 2021

The annual three-day investment marketplace was initially scheduled for November 2020 in Johannesburg, South Africa

Deadline set for firms to reveal secret investors

“The Registrar of Companies hereby notifies all Officers of Companies and authorised persons that the BO E-Register has been operationalised with effect from 13th October, 2020.”

Ethiopia takes small steps towards bank liberalisation

Reformist central bank governor Yinager Dessie says country’s lenders ‘will not be closed’ forever

Sanlam Insurance Uganda acquires ISO 9001-2015 certification

One of the world’s renowned quality management system standard, ISO 9001 helps businesses prove their ability to consistently provide products and services that meet customer-applicable statutory and regulatory requirements.

Contributors injected N2.8 trillion into Pension Funds

The asset classes that gathered more allocation are FGN Bonds, Bank Placements, Corporate debt securities, and Domestic ordinary securities.

CFTC and South African Reserve Bank form fintech pact

Collaboration amongst authorities is increasingly becoming a crucial component to understanding approaches to fintech innovation.

FSC releases consultation papers on Robotics and AI as well as Crowdfunding

The consultation paper then goes on to elaborate the substance requirements as well as the risk and governance framework applicable to such an entity.

Adjenim Boateng Adjei could not explain the source of his wealth - CHRAJ report

“His Euro Account at the same bank also had EU54,500.00 credited and EU37,333 debited for the same period, in addition to his UMB USD Account No. 428872 which had seen cash flow of over 110,000 USD between December 2018 and March 2019 alone.”

EFF’s plan to nationalise South Africa’s Reserve Bank takes first step

The ANC has also indicated that it wants to nationalise the central bank, but the plan has been but on the back burner as government grapples to get the coronavirus-stricken economy back on track.

DA implore Barclays bank to ignore bridging finance calls from SAA

Barclays have reportedly been approached by SAA for short-term financing at the behest of Public Enterprises Minister Pravin Gordhan.

NBK gets relief in Sh500m debt tussle with Ecobank

The judge said NBK should pay Ecobank on account of Pesa Print Ltd, a firm it (NBK) subcontracted to supply the digital driving licences to the National Transport and Safety Authority (NTSA).

Africa’s richest man delays cement listing in London until 2023

Aliko Dangote,63, who has a net worth of more than $14 billion, has long expressed his ambiotion for Dangote Cement to have s secondary London listing.

Amadou Diallo: Africa, now is your time!

When a country has immense wealth – in terms of both natural resources and passionate, bright and talented people – it should do well.

CMA urges State to sell shares to jump-start trading

The government owns stakes in 12 publicly listed companies, including Safaricom (35 per cent), Kenya Reinsurance (60 per cent), Kenya Airways (48.9 percent) and Kenya Power (50 per cent).

CMA wants NSE listing for firms eyeing State Covid funds

The capital markets regulator further proposed a waiver of listing fees for the small businesses to protect them from incurring extra costs.

S. Africa: African Bank to start retrenchment process, one-third of employees affected

The bank anticipated that 1,269 employees of the current 3,728 total will be affected, among whom approximately 25 percent will lose their jobs at the end of the consultations.

FinTech Policy of the Year: South African Reserve Bank

The body was formed in 2016; its initial mission was to understand the role of fintech within South Africa’s financial sector and adapt the regulatory landscape.

Tunisia central bank chief urges govt to reduce spending plans

Tunisia's public finances are in a dire situation, with the government now forecasting a budget deficit of 14% of GDP in 2020, the highest in nearly four decades, largely due to a planned $4 billion increase in spending to alleviate the impact of the

Co-op Bank requires Sh12.5bn to revamp Jamii Bora

“Project Hope requires at least Sh12.5 billion to revamp the business into a going concern,” says NCBA Investment in the valuation report.

Regulation,Tax & Compliance