Managers of Wealth Africa

Liberian central bankers arrested after probe into missing millions

After their publication, Justice Minister Musa Dean told Reuters that those responsible would face prosecution.

Expert questions BoG’s corporate governance practice

“It is not the best, the central bank themselves are not doing the right thing because how can the governor be the chairman of all the committees and boards of the bank and tell us it is corporate governance” he questions.

South African banks block Zim currency imports

Zimbabwe adopted the USD as a transacting currency among a cocktail of other currencies in 2009 to avert runway inflation, which had rendered the local currency worthless.

FRED MUWEMA: Bank of Uganda should not have monopoly over regulation of banks

The report of the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) citing irregularities and illegalities by BOU in the closure and sale of the 7 Banks is generally well received.

What if the banks froze you out?

Does being able to close company accounts give banks too much power?

US$ supplies: SA banks pull plug on ‘risky’ Zimbabwe

“The only bank that was still giving us cash is FNB bank and just in December they told us that they will no longer be supplying us with the United States dollars,” he said.

Tunisia’s central bank chief claims dinar hard to defend

If we defend the dinar, the stock of the currency will fall further

Comment: Ethiopia's efforts to draw investors are undermined by ethnic violence

The apparent change in economic and political direction has appealed to donors.

Focus on taxman after revenue shortfalls hit Sh185bn in three years

The taxman said below-target expansion in economic activities, higher inflation — a measure of cost living — and a weaker shilling alone wiped out Sh69.8 billion in potential revenue in three years through June 2018.

South Africa tribunal to recover graft profits

His announcement comes a day after the main opposition Democratic Alliance party leader Mmusi Maimane pledged to create a specialist criminal anti-corruption taskforce if elected.

Crack down on rogue debit order fraud

Criminal charges to be pursued against rogue debit order companies.

Zimbabwe struggles to convince doubters as it launches new currency

Zimbabwe’s currency woes have undermined President Emmerson Mnangagwa’s efforts to win back foreign investors who were sidelined under his ousted predecessor, Robert Mugabe.

Top female banker, 8 others jostle for Emefiele’s job

What makes the position of an apex bank governor tick is its direct implication on the economy as he is expected to advise the president on both fiscal and monetary policies from time to time.

New Capital Rules for Banks

The proposed new requirement is desirable

CMA targets tech to nub insider traders

Currently, CMA is carrying out investigations into suspected insider trading in KenolKobil that occurred ahead of a planned buyout of the company by French firm Rubis Énergie SAS’.

CBK boss Njoroge in crosshairs of MPs over stern laws

The governor is also accused of using circulars and memos to regulate banking rather than through regulations that must be approved by the National Assembly.

CBL Gov. Patray Stresses Collaboration Among ECOWAS Central Banks

The CBL Governor reiterated Liberia’s appreciation of ECOWAS for its role in bringing peace and stability to Liberia and noted that Liberia will continue to participate in ECOWAS programs.

The UK Wants a Better Deal With Africa Post-Brexit

The EU is a single market in which no tariffs are imposed on imports and exports between member states.

Kenya keen on regulatory fintech sandbox

Kenya is the latest nation to show an interest in creating a regulatory sandbox for fintech innovation.

Kenya sets stage for first ever green bond after approving rules

“The approval of the amendments to our listing rules to facilitate issuance of green bonds will enable the NSE offer local and international issuers additional source of green financing, improve investor diversification as well as enhance issuer rep

Regulation,Tax & Compliance