Managers of Wealth Africa

Investec To Consider 2020 Payouts After SA Regulator Weighs In

Investec said it will consider the Prudential Authority's advice.

S. African Banks Urged to Withhold Future Dividends, Bonuses (2)

Dividends already declared can still be paid, regulator says

EXCLUSIVE-S.Africa weighing 'funding for lending' type scheme - central bank governor

The central bank would be involved, our law doesn't allow us to lend unsecured, but as part of a broader design of a scheme we're prepared to be involved.

Banks to submit loan amnesty list by Friday

The CBK said individuals and small businesses seeking amnesty must prove that inability to pay is directly tied to the effects of coronavirus.

South Africa: Absa group could lose $286mln in legal proceedings initiated by Vodacom

NBC is accused of having paid $64 million to the Tanzanian Treasury.

Algeria banks to defer payments for coronavirus hit firms

Algerian banks will defer or reschedule loan payments for firms which have been financially affected by the coronavirus crisis, the country’s central bank said today, Reuters reports.

KRA to reward whistleblowers on tax cheats

The plan comes amid a tightening noose by the taxman on tax cheats.

Nigeria’s private sector COVID-19 fund balloons to N21.58b

The document showed that Modupe and Folorunsho Alakija, Mike Adenuga and Nigeria Deposit Insurance Corporation donated N1billion each.

Banking cyberattacks on the rise, with a third of South Africans vulnerable

This is why there are security updates – they are meant to find and close potential gaps, before threat actors find and exploit them.

African Development Bank Group approves Gender Equality Trust Fund and Risk-Sharing Mechanism to improve women’s economic empowerment in Africa

Funded by donors, the GETF will support the delivery and scale-up of the Bank’s Affirmative Finance Action for Women in Africa (AFAWA) programme

Economic Policies for the COVID-19 War

In a war, massive spending on armaments stimulates economic activity and special provisions ensure essential services. In this crisis, things are more complicated, but a common feature is an increased role for the public sector.

Africa and Gulf Bank selects Path Solutions for strategic Islamic core banking implementation

iMAL will enable and support the bank’s strategy of Sharia compliance, customer centricity and product innovation

N76bn bank dividend held back over coronavirus chaos

Buhari, in his address to the nation said, “All citizens in these affected states are to stay in their homes for 14 days in the first instance while travels to or from other states should be put on hold. All businesses and offices within these locat

African governments team up with tech giants to fight coronavirus lies

Twitter has been tweaking its algorithm to elevate medical information from authoritative sources - an initiative available in 70 countries, including five in Africa.

Ethiopia’s central bank embraces fintech, mobile payments for operators

As Capacity reported last year, the government of Ethiopia, which came to power in early 2018, led by prime minister Abiy Ahmed, has already announced its determination to liberalise the telecoms market in the country – but details until now have be

European megabanks eye African American-owned banks for US entry

The first likely beneficiary of a minority-owned first policy is Washington, DC-based and family owned Industrial Bank

South Africa’s RMB Urges Coordinated Effort to Soften Virus Blow

RMB is customizing relief packages to clients, Formby said.

Statement On Measures Taken By Ecobank Kenya Limited to Safeguard Its Customers and Staff From the Covid-19 Pandemic

Mr. Travaly urged customers to take advantage of Ecobank's robust digital banking platforms

African Development Bank wins industry gong for pioneering 2019 social bond issue

This Environmental Finance 2020 bond award was given by an independent panel comprising 30 of the world’s largest green, social and sustainability bond investors

African Development Bank approves $2 million emergency assistance for WHO-led measures to curb COVID-19 in Africa

The grant will be used by the world body to equip Regional Member Countries to prevent, rapidly detect, investigate, contain and manage detected cases of COVID-19

Regulation,Tax & Compliance