Managers of Wealth Africa

Treasury to bail out Consolidated Bank

“We are aware and support the request by Consolidated Bank for an extension of three months to pay the note holders.”

African Union, AfDB Sign $4.8m Grant For Continental Free Trade Operation

The Continental Free Trade deal has the potential to create the largest free-trade area in the world.

Treasury seeks Sh150bn fresh syndicated loan

Despite the Eurobond being relatively cheaper especially at a time when the United States Federal Reserve Bank is cutting interest rates, Treasury officials are said to be more in favour of the syndicated loans that do not ordinarily attract much public a

South Africa's central bank governor says will go to war to protect independence

The central bank governor said that he would not engage in internal ANC party squabbles, but he would strongly defend the central bank’s independence if it was threatened by any government proposals.

Eye on debt, cost of credit as CBK boss takes on term two

The focus of the governor has been on bank supervision to ensure that they meet prudential guidelines mainly related to liquidity, governance and banking operations,” says Mr D’Souza.

Bank of Baroda SA fined R400 000 by Reserve Bank regulator

Bank of Baroda has been accused of facilitating questionable transactions for Gupta-linked firms.

South Africa: Bank of Baroda Slapped With R400k Fine

The SARB said the Bank of Baroda had since paid the imposed financial penalty into the Criminal Assets Recovery Account

Banking union plans largest strike since 1920

South African lenders are cutting jobs as they seek ways to lower costs and contend with slow economic growth and fresh competition in the industry from branchless, digital entrants such as TymeBank and insurer Discovery.

Oversubscribed syndicated loan for Ghanaian bank attracts 14 lenders

The syndication included 14 lenders, which have not been named.

Nigeria: The new policy on loan monitoring

Failure to meet the minimum requirement will result in a levy of additional Cash Reserve Requirement (CRR) which is the minimum amount of the total deposits that commercial banks are statutorily required to keep as reserve with the apex bank.

Ghana, Morocco strengthen ties to boost bilateral cooperation

Moroccan companies are present in Ghana in the production areas of energy, fertiliser, housing, building materials and banking.

Access Bank’s journey to becoming the gateway to Nigeria’s banking sector

Nigerian banks must continue to push the boundaries of innovation if citizens are to profit from the country’s transition to a digitalised financial system

Regional bank rates steady amid South Africa rate cut

The Bank of Namibia left its benchmark repo rate steady at 6.75 percent on 12 June, to support the economy's recovery.

Massive banking strike planned for South Africa

South African lenders are cutting jobs as they seek ways to lower costs and contend with slow economic growth and fresh competition

Nedbank pledges US$140m support

Nedbank Zimbabwe also has a US$15 million tobacco pre and post-shipment facility, a US$15 million Nedbank group tobacco pre and post-shipment and a US$35 million facility for letters of credit for facilitation of imports of strategic commodities.

Africa demands taxing rights on digital economy

Further, tax administrations have been challenged to invest in retraining their tax officers to equip them with the necessary tools to address the challenges of digitalisation as well as tackling other tax issues such as taxing the informal sector, extrac

Regulation,Tax & Compliance