Managers of Wealth Africa

Ramaphosa to Brief Lawmakers as South Africa Seeks to Cut Spending

They were distributed to departments to guide their preparation for their budget proposals.

Mozambique announces decision to join African Bank of Imports and Exports

The $ 1 billion fund is intended to help countries adjust to the sudden and significant loss of customs revenue, which is expected to be reduced and in some cases eliminated.

MTN granted permission to bring digital banking to Nigeria

In May, MTN Nigeria listed in Lagos with a $6.54bn at the time debut that turned it into the Nigerian Stock Exchange’s second-largest stock by market value.

Barbados: Kenya Ties On The Table

Speaking at a forum entitled ‘Strengthening Trade and Investment Co-operation within the ACP Framework Kenya-Barbados Private Sector and Other Stakeholders’ at the Lloyd Erskine Sandiford Centre, the Prime Minister suggested Kenya presented my

GN Bank siphoned $62m - BoG

According to the Central Bank’s report, GN Savings and Loans transferred $62 million and another 718,000 Pounds Sterling to its sister company in the US without the knowledge of BoG and the Ministry of Finance.

Regulator caps private stake in mortgage firm

Numerous local banks have expressed interest in investing in KMRC, which will offer cheap loans to banks for onward lending to Kenyans.

Prescribed assets: What government could do with your retirement savings

The ANC’s economic policy head said the party is investigating using prescribed assets to avoid an IMF bailout.

Trevor Manuel refuses to take Peter Moyo back

Representing Old Mutual, Vincent Maleka wanted the court to clarify the interim order by Judge Brian Mashile that Moyo's dismissal was unlawful.

Uganda planning threefold raise on deposit insurance cover this year

The current Ush3 million ($805) deposit protection ceiling was introduced in the early 1990s under the repealed Financial Institutions Statute of 1993.

UBA to support SMEs at Lagos trade fair

A statement said the UBA, the headline partner, would be working with the LCCI to provide a veritable platform intended to grow both domestic and international trade.

NIC, CBA bank merger exempted from paying millions in share sale tax

NIC Group will remain listed, suggesting a transfer of the CBA unquoted shares, which makes them liable for the one percent stamp duty tax.

São Tomé and Principe sign MoU for Lusophone Compact

The signing ceremony was attended by over 50 participants including representatives of the São Toméan Government, members of the diplomatic corps, financial institutions, private companies and project sponsors, the Compact for São Tom

Reserve Bank worth its weight in gold, that's why they want to nationalise it

The group’s capital and reserves accumulated to over R20 billion in 2019, while the group’s ratio of capital-to-total-assets increased to a healthy 2.3 percent.

Fidelity Bank signs pact to promote open banking

By relying on networks instead of centralisation, open banking helps customers to securely share their financial data with other financial institutions.

Bank of Ghana revokes licences of 23 Savings and Loans Companies

The statement said in line with the government’s commitment to protect depositors’ funds, the government had made funds available, to enable the Receiver pay depositors after their claims are validated.

Digital ID in Africa this week: biometric bank cards, birth registrations up, ePassport problems

There are also plenty of small positive stories involving biometrics this week, such as 141 Malian refugee students in Mauritania passing their BAC exams via UNHCR-provided biometric ID and Algerians now being able to apply online and have biometric ID de

Regulation,Tax & Compliance