Managers of Wealth Africa

CBK rolls out mobile bonds platform with eye on mass market

The move could potentially take investing in Treasuries to the mass market by eliminating the friction in the current market infrastructure.

Banks caught amid EWC disaster

Who will keep paying mortgage bonds if or when government takes property?

Banks up SMEs support game

The development is in addition to the previous partnership the regional bank had with Untu Capital for a two-year pilot programme valued at $3 million.

Powers of subpoena, search and seizure will boost auditing regulator's reach - CEO

The bill will also provide for a duty to disclose information.

GTBank Urges FG to Introduce Structural Reforms

The legislation aims to reform domestic tax laws to mirror global best practices.

NSE temporarily halts Barclays stock from trading as lender rebrands to Absa

The rebrand is part of a continental wide move by its new parent Company, South Africa’s Barclays Africa Group Ltd, to revert to Absa Group Ltd after the exit of the British Barclays Plc from Africa.

Practice Direction Issued In Maritius For Disclosure Of Beneficial Ownership Information To The Registrar

The Registrar of Companies in Mauritius has issued a practice direction relating to the disclosure of beneficial ownership by companies and any other entities such as partnerships and foundations.

QURAS Partners with Leading African Blockchain Association, BNUG

The association provides its members with a range of services and programs focused on education and training, best practices, networking, and advocacy.

Genesis of banking sector turmoil

But in the history of the banking sector in this country, no banking institution has suffered as much mismanagement and corruption than the National Bank of Kenya.

South African banks must answer to Zondo, says report

Now, for the first time, the spotlight has turned on some South African and international corporate giants with findings and recommendations compiled in book form by Open Secrets and Shadow World Investigations.

Regulators Fight to Clean Up Africa’s Booming Gold Business

Small-scale mining is booming, and new gold refineries are opening by the dozen, to process metal produced by informal diggers in Africa and beyond.

Unions slam SAA route cancellations, warn of 'devastating' impact on jobs

On Thursday the practitioners announced the cancellation of all SAA's domestic routes apart from the popular Johannesburg to Cape Town flight.

With little policy room, Africa central banks sound debt alarm

Stubborn inflation and currency pressures also limit monetary wiggle room in some economies.

Africa: USAID, UBA Sign MOU to Advance Trade, Investment in Africa

The MOU enables UBA, the only sub-Saharan African bank licensed to operate in the United States

Standard Bank, Merchant Capital launch product to address SME funding gap

A first of its kind in Southern Africa, the Merchant Capital Advance certified as Shari’ah compliant by Standard Bank Shari’ah Banking, allows small and medium-sized enterprises (SMEs) with a point-of-sale device.

Ghana’s Banking Sector Crisis And Its Impact On Correspondent Banking Activities

This comprises Banks (Ghs11.7bn), Savings and Loans/Microfinance Institutions (Ghs2.4bn), Fund Managers (Ghs1.5bn) and Ghana Amalgamated Trust (GAT) (Ghs0.8m)

Confusing fiscal policies worry Kenya investors

There has been a gradual rise in the interest rates for short-term government securities, attributable to the fact that the Treasury is under pressure to meet its domestic borrowing target.

Lack of Quality Cybersecurity Workforce Hurting West African Banks

The analysis highlights that the lack of skilled and qualified workforce and lesser investments in cybersecurity has made West African banks vulnerable to cyberattacks including bank card fraud, phishing, intrusions, etc.

‘Cyberattacks, biggest threat to African businesses’

It cited an African cybersecurity study by Demadiur Systems Limited, which revealed that banks, insurance companies and government institutions in Nigeria spent an estimated sum of $270.22m in 2018 to prevent cyberattacks.

Angola set to attract more Foreign Direct Investment (FDI) into Oil and Gas; Part-Privatization of Sonangol by 2022 a key measure

Initial successes include significant cost reductions at the national oil company (NOC) Sonangol that have led to the government deciding to list up to 30 percent of the company

Regulation,Tax & Compliance