Managers of Wealth Africa

Advisory firm to compensate client after facilitating Cape Verde hotel investment

An agreement was not reached and the case was passed on from an adjudicator

Banks face fines for locking out blacklisted borrowers

The virus has triggered job cuts and hit firms’ sales on low demand for their products and services, forcing households and companies to seek loans in their struggle to remain afloat.

Family bank to provide affordable credit to private healthcare practitioners

Our main aim is to ease access to capital for Private Healthcare Entrepreneurs hence promoting provision of quality essential healthcare services, acquisition of new technology and increase employment rate within the sector,” said Family Bank Chief

Zimbabwe: African Development Bank approves $13.7 million to strengthen health system, boost anti-COVID-19 efforts

The funds will provide an immediate lifeline for targeted frontline responders and health personnel and boost the country’s Global Health Security Index

Central banks must be careful not to get sucked into fiscal policy - Kganyago

"Banking does not work that way, the world does not work that way and the authors of our Constitution were very conscious of this when they segregated the responsibility between the fiscal and the monetary authority," he said.

Banks must be bold and relevant ‘citizens’

Which is precisely why, at unprecedented times of crisis such as this, commercial banks must go above and beyond the call of duty if they’re to effectively meet the needs of its customers and communities.

KQ applies for Sh7 billion emergency State bailout

Besides the bailout, the airline is also seeking other incentives like tax breaks and waivers of navigation and landing fees.

UN official asks Kenya to cut remittance cost, aid citizens abroad

World Bank projects that in general terms, remittances to low and middle-income countries will tumble by $109 billion this year, from last year’s $554 billion.

Morocco’s Central Bank Calls For Suspension of Dividend Distribution

By suspending the distribution of profits to shareholders, credit institutions will hold on to sufficient capital amid the COVID-19 crisis.

African Bank Whistleblowers Demand Independent Probe

Whistleblowers who accused the African Development Bank president of breaching the bank's code of ethics

Absa partners with HPS to roll out PowerCard across Africa

Through electronic payments, we aim to bring financial services to many more unbanked and underbanked people, reduce transaction costs and increase customer convenience.

Firms, workers get Sh17bn corona rescue loans

The extra cash following the cut of the cash reserve ration had increased to Sh53.9 billion by April 25, partly due to stringent borrowing terms imposed by the banking regulator.

Akinwumi Adesina: Best Man for the AfDB

The whistleblowers wanted him to be investigated for alleged breach of the institution’s Code of Conduct, in order to check fraud and corruption and prevent an institutional crisis.

Central Bank tasks banks on sustainable business models

Experts seek investment in ethical hackers to check cyber threats

Nigeria: Q1'2020 - Banks' Losses to Bad Loans Double

The nine banks includes the five tier-1 banks which are Access Bank, First Bank, GTBank, UBA and Zenith Bank, and leading tier-2 banks which includes Fidelity Bank, Stanbic IBTC Bank, Ecobank Nigeria and FCMB.

Nigeria's Central Bank Offers Guarantee to Investors on Forex Repatriation

The move to curb dollar purchases was seen as a precautionary, considering banks may be experiencing a shortage of foreign currency available

African Bank Chief Cleared Of Ethics Abuses

The AfDB is one of the world's five largest multilateral development banks.

Governor Byles promises Jamaica will be off EU blacklist next year

Governor Byles pointed out that the BOJ's recently overhauled regulatory regime for electronic retail payment system, dubbed the fintech regulatory sandbox would assist in the Jamaica getting off the blacklist.

African Development Bank president cleared of favouritism charges

Adesina has repeatedly refuted the allegations as unfounded, describing them as an attempt to discredit him before his bid for a second five-year term later this year.

EU Executive Proposes Anti-Money Laundering Body

One influential EU lawmaker said it should be a new agency not part of the European Banking Authority.

Regulation,Tax & Compliance