Managers of Wealth Africa

State firm caps cheap mortgage at Sh4 million

The CBK on Friday licensed the country’s first mortgage refinance firm, paving the way for commercial banks to access long-term finance for home loans.

Surge in South Africans weighing up options to leave the country

Montenegro enquiries increased by 25% in Q3 compared to Q1, and St. Lucia enquiries increased by 46% in the same period, it said.

CBN grants Greenwich Trust Limited operational license for merchant banking

CBN has upscaled Greenwich Trust Limited to the status of a merchant bank.

Banks In Nigeria Are Intensifying Financial Madness In Kenya

In order to raise its income and make a step in enlarging its borders, Nigeria made a few deals with Kenyan banks.

AlBaraka Bank streamlines SARB reporting

When AlBaraka began updating its core banking platform it needed to ensure that the new system integrated with the SARB and complied with local legislation.

Customers of defunct financial companies have started receiving their funds

On May 31, 2019, 347 microfinance companies had their license revoked by the Bank of Ghana as part of the financial sector cleanup.

It’s time region had cross-border regulations for retail chains

Over the past five years, there has been several unceremonious departures from the market, of a number of retail chains that went under with millions of dollars in supplier credit, bank loans, rent and wages arrears.

African Central Banks May Say They’ve Achieved What They Can for Now

A recession in South Africa and muted price development in Kenya make these nations outliers nonetheless contemplating fee cuts, though their room for maneuver can also be narrowing.

Combating Fraud in Banking Industry

In recent times, the activities of fraudsters have increased and the banking sector is grappling with efforts to tackle this menace headlong.

SEC Begins Regulation of Crypto-Currency Assets to Protect Investors

Thus, the burden of proving that the crypto assets proposed to be offered are not securities and therefore not under the jurisdiction of the SEC, is placed on the issuer or sponsor of the said assets," it said.

Kenya Bankers Association, Huawei ink partnership to promote tech-driven financial inclusion

Kenya Bankers Association CEO Dr. Habil Olaka and Huawei Kenya Chief Executive Officer Mr. Will Meng during the signing a memorandum of understanding. Under the agreement, the two organizations will organize financial ICT-related activities.

CBK income from selling forex to State doubles

This helped boost net trading income to Sh10 billion from Sh4.2 billion in 2018.

AFREXIMBANK and International Islamic Trade Finance Corporation (ITFC) Partner with ARSO to Facilitate Intra-African Trade in Pharmaceuticals and Medical Devices, under the Umbrella of the AATB Program

The new initiative aims to harmonise African standards for pharmaceuticals and medical devices thereby enhancing intra-African trade, reducing substandard counterfeit products, and building resilient regional health systems

Despite COVID-19 pandemic, Africa still a prime investment destination, participants affirm at African Development Bank (AfDB) webinar for Asian audiences

The webinar noted that the policy recommendations of the African Economic Outlook Supplement could be regarded as important opportunities for investments

Regulation,Tax & Compliance