Managers of Wealth Africa

Zimbabwe mops up $190m local liquidity to support Zim dollar

This will help mop up as much as ZWL1.2 billion, with experts saying this was meant to deal with excess liquidity on the market.

Zimbabwe Central Bank Abolishes Use of Foreign Currencies

With immediate effect, the U.S. dollar, South African rand and other foreign currencies will no longer be recognized as legal tender in the southern African nation

Gulf African Bank inks IFC advisory deal for SME lending

The SME sector plays a very important role in creating jobs and fostering sustainable economic growth.

Comply with data protection laws — Commission

The act sets out the rules and principles governing the collection, use, disclosure and care for personal data or information by a data controller or processor.

China keeps Uganda, Kenya guessing on SGR loan

The meeting, according to the Chinese Foreign Affairs ministry, is aimed “at discussing an implementation” plan of last year’s heads of state FOCAC summit agenda on security, trade and development, and specifically the $60b (about Shs224

South African president outlines new infrastructure development policy

The government has set aside 100 billion rand (about 6.9 billion U.S. dollars) for the Infrastructure Fund announced by Ramaphosa in February.

Zimbabwe President Wants New Currency, IMF Loan in Revival Bid

The introduction of a new currency is crucial to his efforts to revive the economy, said Mnangagwa

CBK boss puts mobile money lenders on notice

He also said that the bank will not tolerate lenders who want to frustrate the taxpayers through loans.

African Bank moves to stem client exodus, safeguard S.African comeback

Next year it plans to launch an overdraft facility in a bid to make the new account, called MyWorld and which it says is already the cheapest on the market, more attractive.

CBK to label digital lenders in consumer protection bid

The governor who spoke during the rollout of Stawi loan app at Kondele market in Kisumu underlined the need for digital lenders to be guided by the interest rates caps introduced in 2016.

Banks have role in clean, open procurement

The scams have largely featured procurement anomalies and unusually huge financial transactions in banks, through which public money is siphoned.

CBK warns digital lenders over customer exploitation

CBK Governor Patrick Njoroge has raised concerns over the increasing number of mobile loan apps.

First National Bank apologises for erroneous issuing of money

South African bank, First National Bank, issued an apology on Wednesday, 19 June 2019, after customers mistakenly received large amounts of money in their bank accounts.

African Bank moves to stem client exodus, safeguard SA comeback

African Bank plans to offer overdrafts and expand its insurance business

Libyan Sovereign Wealth Fund Refused Permission to Appeal

This judgement offers the current management of the LIA the opportunity to concentrate on looking after Libya's wealth for the benefit Libya's people."

Standard Chartered Targets Growing Middle Class With New Insurance Products

Some of the differentiated features of the motor insurance are for instance; Car hire benefits of up to 24 days while vehicles are being repaired, free valuation services of vehicles, where necessary and alternative accommodation if clients get accidents

Regulation,Tax & Compliance