Managers of Wealth Africa

How Nigeria can attract and keep the right kind of foreign direct investment

Analysts are concerned that the Nigerian government’s attitude towards MTN and the two banks may erode the confidence of foreign direct investors.

Emerging central banks notch up 7th straight month of rate hikes

The bank has now hiked rates by more than 4 percentage points since January.

Nigeria's Diamond Bank lifted by new licence

Late on Friday it said that the central bank had approved a new licence limiting its operation to Nigeria after the disposal of foreign assets, including its British units, which would reduce its capital requirement.

Mauritius tax authority issues guidance on place of effective management

The majority of the Board of Directors’ meetings must be held in Mauritius, or the executive management of the company must be regularly exercised in Mauritius.

SBTC: Bank of Ghana to make provisions to regulate the financial system

The Blockchain Conference was aimed at creating awareness and network with peers, create a good policy environment for Blockchain technology to flourish, knowing the policy issues, meeting stakeholders and share best practices, having first-hand demos on

Deloitte should not have missed African Bank red flags, says auditing board

The Independent Regulatory Board for Auditors says the firm ignored warnings on an overestimation of cash flows

Mauritius’ SBM gets RBI approval to merge operations with its Indian subsidiary

The Reserve Bank of India Saturday said it has approved merger of SBM (Mauritius), India with SBM Bank (India).

How VBS scheme broke Namibian bank

These cases are being heard while a commission of inquiry sits in Sandton, as the ruined bank’s liquidators try to track down as much as R380 million of its money that went missing in South Africa.

CBN grants Diamond Bank national licence

With this approval, the bank will cease to operate as an international bank.

KPMG gives away R47 million Gupta money

KPMG executive chairperson Professor Wiseman Nkuhlu said the funding was an important step in ensuring redress for the actions of the past.

Tanzania central bank suspends five banks from interbank FX market

The lender was still continuing to serve its FX clients but it had lost its access to the liquidity offered by the interbank market, it added.

Eskom, AfDB ink deal to expand Southern Africa power pool

The financing of the Eskom Transmission Project will result in a significant strengthening of South Africa’s transmission infrastructure.

Nigeria’s Access Bank to Repay $400 Million Bond Two Years Early

Nigeria’s banking regulator allows lenders to count certain classes of debt and equity among the buffers they need to set aside to survive market turmoil.

The big “money mule” problem in South Africa

This problem has become so prevalent in South Africa that the SAFPS has opened a new category of fraud specifically to deal with the issue.

Ecobank reopens in Omu-Aran, 5 years after closure

Scores of customers were seen queuing up to make transactions on the ATM’s when NAN visited the bank’s premises along Aperan Way in the metropolis on Tuesday morning.

SQM Frontier Management Selects BNY Mellon to Provide Custody Services

SQM, an SEC registered investment adviser focused on emerging markets, specifically frontier Africa and the Middle East, selected BNY Mellon following a competitive tendering process.

Nigerian govt vows to recover $7bn cash bailout to banks

Obono-Obla stated this at a public event organized by some civil society groups on the controversial Oil Prospecting Lease 245 in Abuja.

Ghana’s central bank keeps interest rate unchanged at 17 percent

The decision will help to stabilise the local currency which has come under marginal pressure in recent weeks.

South African Bourse Fines Pepkor for Breaching Listing Requirements

The JSE said Pepkor had cooperated with the bourse during its investigation and promised to address the breaches.

KCB joins global banks in responsible banking initiative

The Principles will define the banking industry’s role and responsibilities in shaping a sustainable future.

Regulation,Tax & Compliance