Managers of Wealth Africa

Access, Diamond merger to get all regulators’ approvals

A top official of Access Bank, who spoke to our correspondent, said, “The announcement of our merger plan was made after the CBN gave us an approval in principle.

ICSFS implementation goes live at the People’s Bank of Zanzibar

The deal involved both, conventional and Islamic Banking solution.

Reserve Bank proposes stricter cryptocurrency regulations for South Africa in 2019

The paper specifically recommends that crypto assets fall under ‘limited regulation’.

South Africa’s ANC says central bank should broaden…

The SARB’s mandate now focuses on price stability, but the ANC said in its 2019 election manifesto released on Saturday that monetary policy should also “take into account other objectives such as employment creation and economic growth”

All eyes on Kganyago’s decision on interest rates

“Contrary to the timing of the last MPC meeting in South Africa (in November), the start of 2019 has seen risk-aversion abate somewhat in global markets as commentary from US monetary authorities has become less hawkish.”

South African Government Begins Taking Steps to Regulate Cryptocurrency

This group aims to establish an educated and well thought-out plan for how cryptocurrencies and blockchain projects should be perceived and managed from a legal standpoint.

TUC to meet over GHC2bn private pension funds support for ‘distressed’ banks

President of NAGRAT, Angel Carbonu, who spoke to Citi News said the Public Sector Union will not allow the government to take over the scheme contributors fought hard to establish.

Ghana: Two Institutions Against Use of Ghȼ2bn Private Pension Funds to Support Banks

In another related development the President of the National Association of Graduate Teachers (NAGRAT) wants the government to abort plans of using GHȻ2 billion from private pension funds to support distressed banks.

Zimbabwe plans new currency as dollar shortage bites

Country, which abandoned its currency in 2009, is now short of hard cash to back up funds in local accounts

OECD, SARS and National Treasury continue partnership to strengthen tax co-operation

The MoC is in place until December 2023.

State Governments should be serious on pension matters

The outcome of a research conducted for this piece indicates that the budget speeches of most state governors in the country for 2019 did not accord pension matters specific attention.

Banks in Kenya realigning for the 3rd evolution to take on Africa

Though there existed homegrown government affiliated banks like Cooperative Bank, Kenya Commercial Bank and National Bank, the industry was mainly a foreign controlled sector.

Central Bank of Kenya intervenes amid coin confusion

This was communicated to all banking institutions on December 14, 2018

Uganda: Ministries Fail to Pay Shs65 Billion to Pensioners

For the same financial year ended June 30, 2018, municipal councils did not remit Shs2.3b of pension and gratuity to its retired civil servants.

Data Protection Predictions 2019

The GDPR appears to have resulted in a big shift away from consent as the processing condition relied upon for the majority of commercial processing activities.

Zimbabwe establishes forex allocation committee

In line wIn line with that policy, the minister announced the following members of the new committee. ith that policy, the minister announced the following members of the new committee.

Nigeria softens rules shielding banks from wireless rivals

The Nigerian central bank is seeking to extend services to the nation’s 50m people who don’t have bank accounts.

Mauritanian Tycoon Mohamed Ould Boumatou Banned From Entering Morocco

Moroccan authorities quickly responded to Bouamatou's broadcast, describing the action as "gross aberration".

Ghana Settles Banking Cleanup as Most Lenders Meet Demands

Ghana issued a total of about 12 billion cedis in bonds to save some banks, Addison said.

Treasury seeks Sh40 billion in new bonds

The Treasury has also revealed that revenue performance for the first five months of the fiscal year was below target

Regulation,Tax & Compliance