Managers of Wealth Africa

Massive jump in the number of South Africans applying to financially emigrate

Leon said that financial emigration is often confused with formal emigration, however, these are not the same

Chase Bank saga revived as CBK, Deloitte are sued

Chase Bank’s former chairman Zafrullah Khan and ex-managing director Duncan Kabui have also been enjoined as respondents in the suit.

South African Rate Cuts No Sure Thing Even as Economy Contracts

Price stability is necessary for sustainable growth: governor

Overview Of Insolvency And Restructuring In Nigeria

The insolvency procedures recognised by the Act are, in that sense, either collective or non-collective

Kenya’s central banker warns about impact of illicit flows

The central bank has not quantified the volume of illicit flows but there had been enough evidence to force the authorities to act, he said.

FirstBank, IIA promote risk management

The event themed “The Future of Internal Audit is Now. Assure. Advise. Anticipate” was convened to promote and reinforce the role of Internal Audit as a fundamentally proactive field, through its assurance and advisory roles with a view to he

CBK issues directives on how to get new Sh1,000 notes

CBK Governor Patrick Njoroge, however, said that those with between Sh1 million and Sh5 million worth of the Sh1,000 denominations will have to visit their banks

Ghana Fines Absa Unit for ‘Frivolous’ Foreign-Exchange Quotes

Lender ‘hasn’t been transparent with the central bank’

Workers, Group Hail Wike’s New Pension Law …As Gov Assents To Four Bills

This obnoxious law unfortunately denied some late retirees who suffered, and could not get their pension money while alive.

Zim abstains from external borrowing

It is also suffering from a dollar crunch, rising inflation and public anger over shortages — all issues that have piled pressure on President Mnangagwa who has promised to revive the economy after the fall of Robert Mugabe.

Banking sector reform yielding positive results – Akufo-Addo

On the back of this, the President said “it is evident that the measures we took saved the banking industry from a very dire situation, characterised by the existence of several weakly capitalized banks, with balance sheets encumbered by a multitude

The International Banker 2019 Middle East & Africa Awards Winners

The Saudi Arabian Monetary Agency Governor Ahmed al-Kholifey stated that “we have a number of licences in the pipeline right now” and that the bank views this “as a vote of confidence in our economy and in the banking sector in particul

Kenya Banking Charter Proposes Tough Regulations for Online Lenders

The CBK is pursuing the proposal whose tough rules, should they be assented

Banks tighten measures to curb illicit cash

Controls are in place to ensure that the money does not find its way to the formal financial system easily

AfCFTA: How will it affect Mauritius and Africa?

Mauritius has long been an advocate for developing economic bridges between itself and other African states

Nigeria triples insurers' minimum capital requirement

Under the new, passed, reform, insurance policies which combine life, property and business will need capital of at least NGN 18bn ($50m).

Standard Bank shareholders defy board in vote for greener disclosure

They want the bank to adopt a policy on lending to coal operations.

FirstBank demystifying financial inclusion with XploreFirst

According to the CBN, the overall goal of the strategy is to promote a financial system accessible to all Nigerian adults at an inclusion rate of 80 percent (formal and informal).

FirstRand cuts fees as ‘war’ with new rivals escalates

FNB drops rates on its e-wallet, entry-level and mid-tier accounts.

GCB Bank to extend service to other West African countries

According to the statement, Mr Sowah speaking at the Facts Behind the Figures Programme organised by the Ghana Stock Exchange in Accra highlighted the Bank’s intentions.

Regulation,Tax & Compliance