Managers of Wealth Africa

Court declines to freeze Humphrey Kariuki’s accounts

State prosecutor Catherine Mwaniki had urged the court to order a status quo by directing the companies whose accounts had been frozen not to remove the monies therein.

MPs oppose interest rate cap repeal

The MPs debating the bill said they are opposed to repealing interest rate caps.

Nigerian Central Bank Impose Service Charges on Cash Deposits, Withdraws

The statement further stated that the new charges would be in addition to existing charges on withdrawal effective from September 18, 2019.

South African rand flat as central bank seen holding key rate

South Africa’s inflation outlook has been relatively benign, with price rises well within the SARB’s 3%-6% target range.

First National Bank Ghana Limited introduces agency banking

The agency banking service is part of the bank’s strategic plan to expand its reach in Ghana without the need to open brick and mortar branches.

Linklaters advises GSEZ Ports on the refinancing of the New Owendo International Port project by the EAIF and the AfDB

The port’s expansion comprises the construction, operation and maintenance of a new 500 metre-long main berth

Old Mutual chairman apologizes over remarks about judge

After months of public fighting that have knocked Old Mutual’s reputation, Manuel said during a press conference last week that “difficulty” arises when a board could be overturned “by a single individual who happens to wear a robe

Four banks generate N24.3bn from account maintenance charges

The upper legislative chamber also directed its banking committee to investigate the deduction in comparison with what obtained in other countries.

Let’s be extra vigilante on banks – BoG Governor

Currently, there are fifty-two cases in various courts of the country, 50 of which have been assigned to specific judges or courts.

CBK puts banks on alert over money launders ahead of September 30 D-Day

The regulator reminded lenders of their obligation under the Crime and Anti-Money Laundering Act, 2009

Ecobank staff rationalisation didn’t follow due process –Ex-employee

Actually, the bank reserves the right to disengage staff because it is part of the terms of engagement in any structured employment contract.

Union Bank supports women capacity building with Alpher

We think about an enterprise leadership programme and so we partnered with the Leading Lady Africa, and Union Bank is reiterating its commitments to women, to small scale businesses as well as paving a forefront for the Nigerian society.

AfDB launches $ 2 billion 1.625% Global Benchmark due September 2022

The high quality of the order book is illustrated by the strong participation of Central Banks and Official Institutions, taking 64 percent of the allocations.

CISI unveils new Kenya partnership

Through this partnership, the KIB will undertake to offer training, as a CISI Accredited Training Partner, for a number of qualifications administered by the CISI.

SA authority fines Steinhoff a record R1.5bn - but it only needs to pay R53m

But given Steinhoff’s current financial position, it will waive the bulk of it to only levy a penalty of R53m.

BTG Namibia signs strategic partnership with Eljota Investment Managers

Ike Dube, Managing Director of Altron ROA lauded Eljota’s deep local insight.

Banking staff to get 6% pay raise in new CBA

KBA has termed its deliberations with staff as pragmatic on the back of concerted efforts by banks to squeeze out efficiency including cost optimization efforts such as employee rationalization.

SA concludes trade deal with UK in case of no-deal Brexit

Minister of Trade and Industry, Ebrahim Patel, told reporters on Wednesday in Cape Town that SA and five other countries in the southern African region had clinched a deal that would give the African states a soft landing in case of a no-deal Brexit.

Nigerian Banks Have Been Ordered To “Lend Or Die” – Now The Big Banks Are Thirsty For Borrowers

In plain language, the CBN wants Nigerian banks to adjust their books before September 30

Banks reject CBN “harsh”policies

The policy implementation, which takes effect on September 30, has presented two options to the banks, Director, Investment Banking at Coronation Merchant Bank Limited, Abiodun Sanusi said.

Regulation,Tax & Compliance