Managers of Wealth Africa

CBK raises red flag on parastatal loan defaults

Parastatals are part of the 10 largest borrowers and depositors in banks and pay huge insurance premiums.

Absa bank embroiled in data leak, rogue employee accused of theft

Personal information belonging to banking customers was compromised.

Protect yourself from online scammers

Online fraud during the festive season tends to be on the rise, with criminals using every trick in the book to scam people.

Virus fears cloud outlook for South African banks

For the Standard Bank Group, the continent's largest bank, the rollout of vaccines could take time and the risk of "pandemic fatigue" may cause safety lapses during the holidays.

South African expats face stricter pension rules

As Treasury mulls tax relief for those stuck in the country during lockdown

African Development Bank Board approves People Strategy for 2021-2025

The strategy seeks to tap the Bank’s human capital – its most valuable resource – to deliver, through the institution’s projects, optimal development results for the people of Africa

KCB plans to acquire DRC bank in 2 years

“We are still very keen to grow business into DRC and that is what we will be looking at in the next two years,” said Mr Oigara.

CBK, statistics agency differ on key Q2 data

Dr Njoroge, as a result, expects annual economic growth for 2020 to rebound to an estimated 1.3 per cent from 5.7 per cent slump in the second quarter.

Banking Institute Secures Partnerships to Ensure International Standards

Panton lauded LBDI for being the first Liberian participant to brave the storm and to have attempted the International Certification Examination.

Magnus Heystek on Regulation 28: Hell hath no fury like vested interest scorned

In this article, Heystek – founder of Brenthurst Wealth Management – unpicks how things really work between regulators and powerful corporate interests.

Social security solidarity crucial’

With regards to defined benefit (DB) pension models, social solidarity is assumed by two factors.

Covid exposes Kenyan banks’ bad loans

Market analysts and economists say the pandemic exacerbated the high level of non-performing loans (NPLs).

Despite reforms, patriarchal systems continue to hinder land ownership by African women

Improving women’s access to and ownership and control of land is crucial if African countries are to meet a number of Sustainable Development Goals by 2030, ranging from Goal 1 on poverty eradication to Goal 5 on gender equality to Goal 8 on decent

South African businesses that took Covid-19 relief money will now be audited

The companies will assist the UIF to recoup monies owed by employers and report fraud to law enforcement institutions.

KCB signs deal to buy two banks in Rwanda, Tanzania

Mr Oigara said the transaction is part of KCB’s "ongoing strategy to explore opportunities for new growth while investing in and maximising returns from the Group’s existing businesses."

Digitisation, COVID-19 prompt reduced headcount at Absa

The economic upheaval caused by the COVID-19 crisis, combined with the group’s digital transformation strategy, resulted in the bank reducing its headcount to 38 472 in 2020 – down from 41 703 in 2017.

SA Ends Cheques As The Old Paper Sees The Beginning Of The End In Africa

In a recent development, South Africa Reserve Bank (SARB) has declared it is putting an end to the use of cheques for payment, starting from the first day of the new year, 2021.

South Africa to Lift Dividend Guidance Once Out of Virus Crisis

Investec Group surprised with a dividend for the six months through September after receiving payouts from its stake in an asset manager and from its wealth-management businesses.

Why Ghana needs a new financial sector regulation architecture (By Woelinam Dogbe)

There is ample evidence that the existing financial sector regulation architecture in Ghana is not fit-for-purpose

Access Bank, IFC Empower 50 Female Entrepreneurs

The participants were put through a mini Masters in Business Administration (MBA) programme by the International Finance Corporation (IFC), a member of the World Bank Group.

Regulation,Tax & Compliance