Managers of Wealth Africa

$1.3b Development Bank of Nigeria set to take off

They insisted that the Finance Minister Kemi Adeosun would unveil the team at a briefing next week.

South Africa examines Barclays Africa over apartheid-era bailout

In its current form it creates the incorrect view that Absa Bank Limited.

Panama Papers: Group seeks details of investigation of Saraki, Mark, others

PREMIUM TIMES had reported its findings from a series of investigations, following massive leak of files belonging to Mossack Fonseca, a law firm in Panama, Central America.

Ensuring Proper Regulation Of Securities Settlement In Nigeria

Settlement occurs automatically two business days after a transaction

Kenya’s CBA gears up for expansion into Rwanda

Some of the other Kenyan lenders operating in Rwanda include KCB and Equity.

Portugal's BPI cedes control of Angola's top bank

The 28 million euro ($29.7 million) sale of the two-percent stake allows BPI to reduce its exposure to Angolan government debt, which the ECB deemed too risky under new European banking laws that came into force in 2015.

Al Baraka Banking Group obtains a licence to establish a new bank in Morocco

Bahrain-based Islamic banking group, Al Baraka Banking Group B.S.C has obtained the approval of the Bank Al Maghrib (the central bank of Morocco) to establish a new bank in Morocco. The Group is now represented in all countries in the Maghreb.

Moroccan central bank approves five Islamic banks

The central bank had said it received seven requests to open Islamic banks.

Don't Dismiss the Donald Trump Administration on African Policy

African nations should engage with incoming officials or risk losing out on investment and growth opportunities.

Uganda taxman reinstates KCB Bank on its tax payment portal

KCB Group, the parent company, also followed up with a brief statement from Nairobi saying the ban had been lifted.

Uganda taxman reinstates KCB Bank on its tax payment portal

KCB Group, the parent company, also followed up with a brief statement from Nairobi saying the ban had been lifted.

SEC Probes Banks’ Sale of Soured Mozambique Bonds

The SEC last month sent letters to bondholders asking them for documents provided by Credit Suisse

Uganda Revenue Authority strikes off KCB Bank Uganda from tax portal

URA did not explain reasons for the drastic move in the notice but was quoted by Nation Media Group’s outlet in Uganda, KFM, as saying the issue is being resolved.

Harvesh Seegolam: Mauritius IFC is driving quality investments in Africa

Is it right to describe Mauritius as a jurisdiction of substance?

Nigeria Whistleblowers To Get Part Of Recovered Loot

According to the Ministry there is a reward for persons that will give relevant information under the programme.

Zim unions want pensioners to have priority to access cash at banks

Many Zimbabweans sleep outside banks in order to have a chance of withdrawing money from their accounts.

Competition Authority of Kenya approves Kuramo's acquisition in TransCentury stock

TransCentury was pushed to renegotiate the terms of the Sh8 billion loan, agreeing with the lenders to repay half of it and over a longer period.

Kenya Central Bank Staff Cited in Alleged $439 Million Fraud

The allegations were contained in defense and counterclaim documents filed in the High Court by bank shareholders in the capital, Nairobi.

Nigerians Panic Over MMM Accounts Freeze

In the early hours of Tuesday, participants woke up to the shock of a one month “freezing" on all accounts to avoid an eventual collapse.

Minister pressured Nedbank on Guptas

Nedbank said South African mines minister Mosebenzi Zwane urged the lender to reconsider its decision to sever ties with companies tied to the Gupta family, who are friends of President Jacob Zuma and in business with his son. By Colin McClelland.

Regulation,Tax & Compliance