Managers of Wealth Africa

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

Strengthening the Non-Banking Sector: A Shared Responsibility

As the representative voice of the business community, the Ghana National Chamber of Commerce & Industry (GNCCI) commends BoG for the steps taken in revoking the licenses of these insolvent companies

National Bank fights job cuts in KCB takeover

The lender proposed to acquire NBK through a 100 percent share swap of 10 ordinary shares of NBK for every one ordinary share of KCB.

Giving Lifting informal sector with Micro Pension Plan

These include street vendors or domestic workers as well as off-the-book activities by registered firms—for example, the taxi driver that offers a discount if the meter is not turned on.

Entrepreneurs claim Nedbank stole their patented card-blocking system

This figure is based on the estimated royalties they say they would have received had Nedbank acquired the software legally.

Mauritius rule changes may hit offshore funds

In many cases, the board meetings happen in Mauritius, directors are in Mauritius but the control and management is actually not in Mauritius.

Offshore banking and money laundering (1)

What exactly does it entail and what is its role in the scheme of things and what risks do money laundering activities pose for the economic welfare of the country?

Commerce lobby backs rate cap law repeal plan

The business lobby reckons a review of the cap will help manufacturers expand production and ultimately ease unemployment that currently stands above 40 per cent.

AfDB Grants Ireland Membership Status

The Boards of the AfDB and AfDF, referred to as the “Bank Group”, encouraged the speedy conclusion of all processes towards the admission of Ireland.

Nigeria to shut bank accounts of firms which import restricted goods

Emefiele’s reappointment signalled policy stability and broke a trend of Nigerian central bankers serving a single term.

Titan Trust Bank set for grand entry into Nigeria

Led by seasoned banker and former Deputy Governor of the CBN, Tunde Lemo, as Chairman, the new commercial bank is starting operation with a solid post capitalization financial base in real cash.

Africa uses forex weakness to its advantage

This way these economies are able to better adjust to external and commodity led shocks

Switzerland gives 3.2 million Swiss francs to African Development Bank’s ‘Boost Africa’ E-Lab and urban development fund

Switzerland joined the African Development Fund almost 50 years ago in 1972, and has been a full member of the African Development Bank for close to 40 years, since 1982.

The potential unintended consequences of prescribed assets

South Africa had prescribed assets for many years leading up to the late 1980s, and they were abolished for good reason.

Switzerland Governor Raymond Furrer On the Two Bilateral Agreements Signed During the Bank's Annual Meetings in Malabo

Entrepreneurs that are part of a functioning ecosystem are more likely to succeed than those who are not.

Zimbabwe pension payouts delayed as foreign company cuts off Zimbabwe banks

The investment company said Payserv suspended its service due to a "collective refusal to pay historical and contracted pricing to Payserv Africa in US dollars".

S.African tribunal says it can't charge foreign banks in rand-rigging case

In a probe that has rumbled on since 2015, the Competition Commission has been seeking fines against 23 local and foreign banks that it alleges colluded to coordinate activities when giving quotes to customers buying or selling the rand and the dollar.

Regulation,Tax & Compliance