Managers of Wealth Africa

SA business groups reach consensus on Covid-19 recovery plan

In particular, it's been highlighted that organised business was, for the first time, presenting common policy positions.

FUGAZ Banks suffer N1.9 trillion in CRR Debits in Q2

In total, the CBN now holds a total of N6.57 trillion in CRR debits from the nation’s top 5 banks

Top banks protest CBK freeze of new loan interest rates

The bureaucratic gridlock and a lower CBR is partly the reason average lending rates dropped to 11.89 per cent in June – a record low since 1991 when the CBK started making the data public.

Kenya Is Africa’s Easiest Target For Cyber Attackers

Nevertheless, a new study by Kaspersky suggests that Kenya is now Africa’s easiest target for cyber gangs.

Ghana planning central bank-issued digital currency

Ghana is one of several African nations to explore blockchain technology, which many see as a method of leapfrogging traditional financial infrastructure and modernising access to banking products in developing nations.

CIBN 13th Annual Bankers Conference To Focus On Facilitating A Sustainable Future

The conference will feature over 2,500 participants, across the globe who are expected to participate virtually, with the Governor of The CBN, Mr. Godwin Emefiele, CON, FCIB as Chief Host and President and Chairman of Council CIBN, Mr. Bayo Olugbemi as H

South Africa is running out of options, bank warns

The background to this view simple: the economic impact of Covid-19 has been, and will continue to be severe.

Top banks protest CBK freeze of new loan interest rates

Getting approval is a nightmare. CBK has taken a more customer protection approach as opposed to the industry needs.

EU and Germany join efforts to support the African Union's response to coronavirus

This specific consignment will be able to reach a large number of countries as it will support the African Union continental response

Treasury seeks Sh50bn in September bond sale

This is the second three-tenor bond issue to be laid out by the government in the current fiscal year, following a similar sale in July.

Adamawa Board seeks approval for N7, 000 monthly pension implementation

The Executive Chairman of the board, Mr. Thomas Madi, said while receiving members of the Adamawa State House of Assembly Standing Committee on Public Petition & Electoral Matters, that pensioners were anxious for the new rate to take effect.

SA court considers the meaning of frivolous, vexatious and without merit in setting aside a derivative action

A company that has been served with such a demand may apply, within 15 business days, to court to set aside the demand only on the grounds that it is frivolous, vexatious or without merit.

Banks rush to comply with deposit box rules

Safe deposit boxes offer clients the possibility to store items such as jewels, art or any other valuables in a private and highly secure bank vault.

Akinwunmi Adesina sworn-in for second term as AfDB President

Adesina was re-elected on August 27 to serve a second five-year term.

Kenya in Talks With World Bank for Budget-Support Loan

The government will spend the money on subsidized agricultural inputs, affordable housing and improving transparency in public financial management, the lender said at the time.

African Development Bank Group Inaugration Speech Dr. Akinwumi A. Adesina September 1, 2020

I am grateful for the opportunity to serve Africa passionately

Access bank urges Nigerians to embrace digital banking to prevent COVID-19 spike

Nwosu, who was represented by the traditional Prime Minister of Awka Kingdom, High Chief Benjamin Okoye, urged the bank to continue to contribute to the development of the host community.

African leaders reaffirm support for African Development Bank as President Adesina begins second term

The meetings were held virtually due to the restrictions imposed by the COVID-19 outbreak

Highlights of the Mauritius Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) (Miscellaneous Provisions) Act 2020

Companies registered in Mauritius were already required to disclose information on their beneficial owners

State starts takeover of idle Sh26bn shares

The authority had given owners of the over 800 million shares up to end of August to claim ownership of the stocks.

Regulation,Tax & Compliance