Managers of Wealth Africa

Nigeria sets capital rules for mobile money licences

The central bank said in its circular that it could ask payment banks to recapitalise for specific risks.

Futuregrowth in fresh battle over new JSE rules on R3-trillion bond market

Futuregrowth says it will approach the Treasury to amend the Financial Markets Act

FAAN staff protest against contributory pension, concession of airports

DAILY POST reports that the Federal Government had commenced the concession process for four new International Airport Terminals selected across the country.

South Africa’s Central Bank Expects Economy to Shrink 40.1%

Minister projects Nigerian economy slipping into recession Q3

CBK to determine bank dividend payouts in new rules

“The regulator now requires that if we are to pay dividends this year, we get approval from CBK on the size of payouts. The boards of banks intending to pay dividends will really have to justify the decision.”

Treasury admits to propping up of shilling

This is to avoid further drop against the dollar

Post-lockdown recovery of private security business

Sector is on the bouncing back following the easing of Covid-19 restrictions in E Africa

Ghana: Revocation of Licences of 9 Banks - Govt Pays All Depositors 95 Percent Depositors of Collapsed Micro Finance Companies Also Paid

Justifying the need for the banking sector clean-up, he said the country's financial sector was very fragile and, therefore, needed such a drastic measure to save it from collapse.

Ghana: BoG Deserves Commendation for Paying Depositors of Collapsed Banks

Governor of the BoG, Dr Ernest Addison, explained at the time that the central bank had "to take tough but necessary steps to clean up the banking sector and reposition it to support the economic growth and transformation agenda of Ghana".

2020 Annual Meetings: African Development Bank President Akinwumi Adesina seeks a second term “to serve Africa”

President Adesina asked the Board of Governors to renew their trust in him for the next five years

Governor Caroline Abel wins Central Bank Governor of the Year Award

resident Danny Faure expressed his heartfelt congratulations to Miss Abel on winning this Award.

Central Bank of Kenya vindicates Bawumia on mobile money interoperability

The second phase has also allowed the movement of monies between and among telecommunication operators, banks, and e-zwitch accounts in a seamless manner –and the flow is vice versa, to complete the Financial Inclusion Triangle.

Wealthy Nigerians are buying up passports for cash from Caribbean nations to beat visa rules

With around 40,000 passports believed to have been issued through investment migration programs globally, citizenship by investment is now estimated to be a $3 billion industry.

Nedbank CEO calls on govt to push structural reforms as banks suffer

All banks that have published financial results for the first six months of 2020 so far have recorded increases in credit impairments.

Absa’s mystery sale of SA’s largest house

Absa has obtained power of attorney to sell the luxury riverfront home of one of its former executives

Data breach management 101: why prioritising your incident response plan matters

The Bill imposes a further mandatory obligation to notify the South African Police Service within 72 hours after becoming aware of a cybercrime

Kenyan Banks Remain Stable Despite Pandemic-Led Growth Slowdown -KBA

The banking industry has walked step by step with clients, restructuring in excess of Sh840 billion (up from Sh360 billion in June), which is a remarkable demonstration of the industry’s ability to anchor the economy over the short to medium term.

Data protection and the direct marketing dilemma: complying with POPIA and mitigating liability

The most fundamental implication for direct marketing, broadly speaking, is that while the CPA provides rights and remedies for consumers which allows them to “opt-out” of direct marketing

First National Bank Ghana has added five new contact offices to agency banking.

The additions extend the bank's agency plus partners in Accra, making it possible for more people to access its products and services.

Jamii Bora renamed, gets new CEO after acquisition by Co-operative Bank

The changes come after Co-op Bank acquired a 90 percent stake in the small lender by injecting in Sh1 billion.

Regulation,Tax & Compliance