Managers of Wealth Africa

CBK bets on single clients database to rein in fraudsters

The platform will be used by financial institutions

Pension Money Will Only Be Accessible After Retirement, Says Treasury

A shocker it will be, for the employees who would lose their jobs before the expected retirement age of 55 years

Senator denies owning properties seized by federal government

The disclosure is against the backdrop of the recent clampdown by the anti-graft agency, sealing houses, filling stations, residential buildings and other properties it said had been traced to Mr Nwaoboshi.

Watered-down rules show regulators aren’t serious about reining in corporates

These documents, in particular the first two, appeared to indicate willingness on the part of regulators to strengthen some of the weaker areas of corporate governance and responsible investment oversight.

US blames corruption for slowing down foreign investments in Kenya

Investors warned that corruption remains deeply rooted in Kenya's society and economy.

CBN’s new lending policy puts 7 banks under pressure

Financial analysts said more smaller banks would also be affected, adding that the pressures may force the banks to sidetrack the policy and opt to stay with the penalty for non-compliance.

KCB to delist National Bank on State stake

This is designed to ensure that dissenting investors are given an opportunity to exercise their option of declining the offer and remaining part owners in a listed company.

Mozambique’s former finance minister Chang could be heading for rendezvous with US justice system

New Justice Minister Ronald Lamola’s decision to oppose Manuel Chang’s extradition to Mozambique opens the way for him to be tried in the US.

CBK pushes for lower mobile loan fees

The pricing of some of the mobile phone-based loans includes a huge component of fees, which is outside regulatory control.

Nigeria: Banks No Longer Need Separate License for Wallet Service - CBN

Jimoh said: "You do not need authorisation from the CBN to go into Wallet services or mobile money schemes. All you need is to notify the CBN your current license suffix."

Tanzanian central bank fines lender for breaching rules

“BoT ... directed all banks and financial institutions operating in Tanzania to establish either a primary or secondary data centre in Tanzania with a view to ensure data and service availability at all times.”

Société Générale plans to extend Absa partnership to project finance

Attracted by Africa’s young and growing population, Société Générale has pulled out of east European emerging markets such as Bulgaria and Serbia and increased its African focus.

AfDB urges countries to join Africa50 for a more prosperous Africa

Alain Ebobissé, CEO at Africa 50, noted that the organisation had made significant progress over the years and built an effective partnership with several African countries.

Nedbank Head of Retail's Salary Suspended

He is alleged to have been aware that several invoices which were presented by service providers were fabricated, in that the services were not rendered and he went on to authorise payment of those invoices without verifying that the work had been done.

Regulation,Tax & Compliance