Managers of Wealth Africa

AfDB sanctions $20m investment in Metier Fund to unlock SSA growth

This funding will also create opportunities for industrial wastewater treatment and waste-to-energy generation.

Sabric working 'closely' with network providers to address number-porting scam

Fraudulent number porting is not new and is done by fraudsters as an alternative to SIM swaps, so that they can receive all communications intended for the victim

Absa gets Miga guarantees to reduce RWA across Africa

Absa’s subsidiaries outside of South Africa are required to maintain reserves at the central banks in their respective jurisdictions, based on the volume of customer deposits that these subsidiaries have.

Safaricom to monetise customer location data

Location intelligence provides marketers with unique insights into customer behaviour and many telcos around the world sell such data to third parties or use it to tailor-make their marketing activities.

CBK ought to tackle climate change risks

This he called “the tragedy of the horizon” because climate change impacts would be felt beyond the traditional horizons of most financial actors.

Rwanda to create bank solely dedicated to ‘green energy’ projects

The Rwanda Green Bank proposal follows one South Africa, which has set up the same bank that also finances green projects undertaken in the country with an initial balance sheet of over $100 million.

FORUS Partners With Coin Apps Tech To Bring Blockchain To South Africa In A Flash!

Forus will bring the costs of banking down, enabling people, small businesses and farmers who have been traditionally priced out of banking to be able to participate.

Absa strikes deal with World Bank agency to boost African lending

The guarantees will help protect Absa against risks related to the mandatory capital reserves banks are required to hold with central banks

Fraud could cost Africa its blockchain opportunity

Leinhardt seeks to "stand out and fight against scams and scam lookalikes in the crypto space, especially those that target Africa".

Integrating Zim, Africa economies key to achieving Vision 2030

African countries have already started to move towards Agenda 2063 through diversification of economies.

Like Nigeria, Ghana adopts caution on ECOWAS single currency

It said the Ghanian government will work with ECOWAS to ensure a sustainable and viable currency.

E. Africa's energy regulator now operational

Mabea is a seasoned Energy expert and a Chevening alumni

Kenya: Small Traders to Pay New 3% Sales Tax From Wednesday

It is also expected to provide the KRA, under pressure to collect additional revenue, with a fresh avenue for raising taxes from small traders, the majority of whom have not been paying State levies.

Banks begin implementation of reduced charges

First Bank disclosed its compliance in a notice on reduced charges on its electronic banking channels to customers.

Guide for planning in Africa unveiled

The digital application will make it easier for African planners to search for and apply tools for developing a new generation of national development plans.

SSNIT increases pensions - Minimum monthly payout now GH¢300

“The low pensions arise from low basic salaries on which contribution were paid”

Angolan billionaire denies graft allegations

The allegations are riddled with "obvious lies, errors and omissions", she said late Tuesday.

Central Bank predicts tough year in 2020

Governor Njoroge confessed that 2019 was a brutal year and CBK achieved a lot in the banking sector despite the challenges.

Cameroon signs €80.4mn loan agreement with AfDB for economic growth support program

The Bank participates in this Program alongside other institutions, notably the French Development Agency, the World Bank and the European Union.

Court freezes oil firm’s accounts over alleged unpaid N967m debt

Justice Obiozor also made an order of mandatory injunction, directing all the banks to produce and furnish the court with the statement of accounts of the oil firm and its directors

Regulation,Tax & Compliance