Managers of Wealth Africa

TSA Implementation: Nigeria signs MOU with Gambia

Nigeria has signed a Memorandum of Understanding (MOU) with the Gambia on Treasury Single Account (TSA) Implementation.

When it comes to fraud, prevention is better than cure

The public is under deep financial pressure and is desperate for economic relief, not matter how small.

South Africa ditches paper cheques

This decision was taken due to the numerous challenges associated with the usage of cheques.

What to expect from South Africa’s interest rate decision this week

Nedbank’s economists also believe that a rate cut is unlikely this week, with the focus likely to be on inflation, the bank said in a research note this week.

BoG moves to protect interest of depositors in RCBs

To promote and maintain public trust and confidence in RCBs, the directive will prescribe sound corporate governance standards which are critical to the proper functioning of the industry.

Ghana, African Development Bank Group sign MoU for 2021 Annual Meetings

In remarks following the signing, Minister Ofori-Atta said he had carefully reviewed the MOU and found it satisfactory.

South Africa’s draft conduct standard for third-party cell captives: ironing out the details

With the passing of the new Insurance Act in 2018, the definition of cell captive insurers, cell structures, first-party and third-party risks were formalised in legislation.

Pension funds’ landmark legal victory and what it means

Regulation affecting billions in unclaimed benefits declared invalid.

Safaricom sees reduction in Ethiopia licence bid price without M-Pesa

Safaricom has never disclosed how much it is willing to bid or the expected annual rate of growth the investment in Ethiopian market will be expected to generate, terming it as competitive and sensitive information.

Emigration, delays, double tax and other worries

Emigration is now hot on everyone’s lips.

CDC unveils additional $100m trade finance agreement with Standard Chartered

CDC Group, the UK’s development finance institution and impact investor, has committed an additional $100m commitment to its existing master risk participation agreement with Standard Chartered.

South African watchdog warns investors over unregulated adviser

As it alerts public against a separate investment firm promising ‘unrealistic huge returns’

Government reminds South Africans of ATM fraud

This is a technique used by criminals to trap a bank card inside the ATM by inserting a thin film of plastic into the ATM card slot.

No reprieve for Nigeria’s chronic loan defaulters

FBN Holdings Plc, United Bank for Africa Plc and Zenith Bank Plc expanded their loan books by the equivalent of about $1bn each in order to dodge heavy penalties from the CBN, S&P Global Market Intelligence calculations showed.

JPMorgan to Reveal Bankers Who Approved Suspicious Transfers

Lawyers for JPMorgan and the Nigerian government said at the end of a London court hearing Thursday that the bank would clarify who was involved in the decisions on the payments. The trial is expected in early 2022.

Standard Chartered Signs Deal With AWS

Standard Chartered Bank is collaborating with AWS to drive its digital transformation and deliver new personalised banking services in the bank’s 60 markets worldwide.

Financial modelling in the extractive sector: Harness Africa’s natural resources for sustainable development - African Development Bank

Natural resources play a critical role in economies, as they contribute to the well-being of the people, as a source of livelihood and contribute to GDP

Regulation,Tax & Compliance