Managers of Wealth Africa

Lagos State government pays 218 retirees benefit

The retirees pray that God will continually give the Governor the heart of helping the less privileged.

Swiss Watchdog Still in Contact With Credit Suisse on Mozambique

Credit Suisse disputed the report's findings, saying banking fees charged to arrange loans for Mozambique's state-owned companies amounted to $23 million.

KPMG explanation of Gupta wedding audit 'unconvincing and inadequate': Corruption Watch

KPMG was accused of passed off wedding expenses as business costs.

South Africans have R30 billion tucked away in Swiss banks

The data covered by SNB shows the liabilities covered for foreign currency banks, customers and fiduciaries.

Capacity building: African Exchanges sign MOU with CFA

The African Securities Exchanges Association is the Premier Association of the twenty-seven (27) securities exchanges in Africa who have come together with the aim of developing Member Exchanges

Collapsed Imperial Bank needs Sh40bn capital for revival

The regulator was granted a 90-day extension of receivership by the High Court following an agreement between the shareholders.

Mozambique Banks Snared in Debt Crisis Must Merge to Thrive

Mozambique’s banking sector faces a serious systemic risk of collapse.

SA regulator disputes dropping of rand-rigging charges

Standard Bank said charges against some banks to be dropped.

Banks Balk at Risk of Funding South Africa Mining Charter Deals

We already exercise caution as to who and what projects we finance.

Redefining CSR for Sustainable Development

For banks, since the introduction of the Nigeria Sustainable Banking Principles, as a pillar for CSR by the Bankers’ Committee in 2012, a lot of the financial institutions have continued to support the society.

Nigeria positions N100b sukuk as gateway for investors

Sukuk is an Islamic bond, structured in such a way as to generate returns to investors without infringing Islamic law

Kenya central bank to extend receivership of Imperial Bank, licenses new bank

The central bank gave no reason for the suspension of licensing, but it came after it had placed Imperial Bank under receivership in October 2015

Central Bank moves to fight rising cybercrime in Kenya

According to the document, all board of directors and senior management of banks will be expected to formulate and implement Cyber Risk strategies, policy, procedures and guidelines and set minimum standards for the institution.

IMF warns Kenya of loopholes in Islamic banking regulation

Banks with Islamic windows are also not segregating Islamic deposits from other funds, says the IMF.

Commendation to DMO on the Proposed Federal Government of Nigeria Sukuk Debt Issuance

Sukuk, the non-interest equivalent of bonds, is becoming increasingly attractive as a preferred option for funding infrastructure development and indeed economic growth across the globe.

Corruption watchdog's attack on central bank stuns South Africa

Currency and bond markets reacted sharply to the watchdog's comments

As CBN plans to lift embargo, banks go for dollar loans, bonds

It was learnt that the banks were working on expression of intention by the CBN to lift the ban in going for transactions.

South African rand slides on fears for central bank independence

A report from anti-corruption watchdog raises fears controlling inflation could no longer be a priority

South Africa: Government Allowed to Recover R1.125bn From Absa

The public protector report found that the failure by government and the Reserve Bank was inconsistent with the Constitution and it constitutes improper conduct and maladministration.

Effect of policy rate cut by BoG on banking industry

The policy rate increases, the cost of borrowing becomes higher for commercial banks, and vice-versa as the policy rate falls.

Regulation,Tax & Compliance