Managers of Wealth Africa

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.

Launch of New Boutique Law Firm Cabinet Baubigeat - Assisting Businesses in their African Expansion

The new firm has been formed by Julien Baubigeat following demand for more effective and efficient support for cross-border transactions, particularly between Europe and Africa.

Econet launches EcoCash rand wallet

EcoCash General Manager Natalie Jabangwe said the company had mobilised an unspecified amount of South African rand to kick-start the programme, where agents would have the South African currency to give to clients.

ECOWAS central bank govs meet over single currency

The issues to be addressed include validation of the ECOWAS

Tony Elumelu signs Investment agreement with leading Moroccan Bank

They will bring relevant experience as they work together to find new ways to create African solutions to African development challenges.

New rules for microfinance companies good- Banking Consultant

The BoG directed that the assets of such companies be frozen for a liquidation process to start.

Banque Centrale Populaire of Morocco signs MoU with Nigeria’s Heirs Holdings

Heirs Holdings is an African proprietary investment company with interests in financial services, power, oil & gas, real estate & hospitality and healthcare.

Banks decry ‘excessive punitive charge’ by CBN

A total of eight banks in 2015 paid a total fine of N3.323 billion for violating various rules

Ghana’s Banking Sector Suffocates From Economic Indices

The 25.5 percent policy rate is still high. This is still a reflection of the tight monetary policy which the Bank of Ghana is pursuing.

South Africa: Public pension fund promises disruption

The financial services industry will have to adapt.

SA’s FICA bill sent back to MPs

Its reasons were not made clear at the time although South African media speculated that its stance might be related to a fight between the Treasury

Absa launches home loan estimator

Absa addresses the challenge of affordability with the launch of its Home Loan Estimator.

Dubai-based firm forms $1.6 billion steel plant joint venture in Algeria

Funding for the project will come from equity investments and long-term bank loans, Sethi told Reuters.

East Africa: AfDB Gives U.S.$75 Million Financing to Enterprises in East Africa

East Africa is one of the most economically vibrant regions on the continent

Brazil is breaking with its south-south focus. What it means for BRICS

Brazil seems to be moving away from those ideals, raising questions about its continued membership of the BRICS.

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