Managers of Wealth Africa

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.

How Standard Chartered Bank ignored Nigeria’s rules on Forex

The bank is to make the refund, being excess profit made from the sale of $48.6 million to a foreign customer above the inter-bank market exchange rate agreed by all operators and approved by the CBN.

COP22: WB & Morocco to establish GGIF for Africa fund to boost green economy in Africa

The agreement to launch GGIF for Africa was signed between the World Bank represented by its MENA region vice-president Hafez Ghanem and Ithmar Capital, a sovereign Investment Fund.

Economists cut Kenya's 2017 growth projection

Data from economic think tank Focus Economics.

Ghana: Banks receive 2nd payment of VRA ‘legacy debt’

19 banks owed under the ‘legacy debt’ received second payment in the first quarter of September

South Africa: Tips for Safe Banking During Festive Season

SABRIC says fraudsters take advantage of the fact that consumers receive bonuses, spend more money and are generally more relaxed because they are in holiday mode.

FG Moves To Stop Double Taxation, Tax Invasion Between Nigeria, Singapore

The minister explained that it would encourage more direct foreign investments into Nigeria, allow investors to know what their tax obligations will be and ensure sustainable tax regime for each country.

China’s first Silk Road International Bank launched in Djibouti

According to a report by 163 news, the agreement was the first to confirm the distribution of equity within the bank, the first African bank a Chinese enterprise has acquired a licence for.

Rethink interest rate policies – Apex Bank

They should institute risk management policy to identify, assess, monitor and control risks.

Zimbabwe Central Bank secures US$150m to stabilise nostro accounts ahead of bond notes introduction

The money would be used by banks to meet their customers’ requirements.

Are Swiss Banks Really Returning Africa’s Stolen Loot?

Tanzania’s foreign minister announced earlier this month that the country has signed a memo of understanding with Switzerland to help recover money illegally stashed in Swiss banks by Tanzanians

IMF lifts sanctions against Zimbabwe – report

IMF confirmed on Monday that it had removed the remedial measures against Zimbabwe

Zombie banks stalk Africa with mergers one way to limit risk

Ghana is telling banks to combine and raise funds through the stock market.

Regulation,Tax & Compliance