Managers of Wealth Africa

How mobile money is democratising trading and investing in Kenya

The Board and Management of the bank have not been able to improve the bank’s financial performance, a situation which constitutes a threat to financial stability.

African Development Bank Group Board of Governors approves $117 billion General Callable Capital Increase

“It is a major demonstration of the faith, of the confidence that our shareholders have in us, in our ability to use our resources well.” Akinwumi Adesina

Ramaphosa signs new retirement system for South Africa into law

Individuals will have access to amounts in the savings component before retirement for times of financial distress, and the amounts in the retirement component are preserved until retirement.

Here are the new FNB banking fees for 2024/25 – with big changes to eBucks

The Easy PayU account offers free transactions like small value real-time payments and one free e-wallet payment per month.

Reserve Bank holds rates – warns of a longer wait

Rates have been on hold since the last policy rate decision a year ago, when the MPC hiked rates by 50 basis points.

Money trail fades with tighter policies

The reduction in M3 reflects the hawkish stance of the Monetary Policy Committee

Somalia and the African Development Bank inked a financial agreement in Kenyan capital, Nairobi

Somalia has taken a huge stride forward with the rise of optimism amid the global climate catastrophe.

Ghana central bank holds rate as currency slide slows disinflation

The West African cocoa, gold and oil producer, which defaulted on most of its external borrowing in December 2022, has been restructuring its debts as it tries to emerge from its worst economic crisis in a generation.

Godongwana says to stay as finance minister if askedSouth Africans vote on

Wednesday, with Godongwana’s ruling ANC facing its toughest election fight since taking power in 1994.

2024 has been harder than expected – but there are signs of life for South Africa

In South Africa, the mood has definitely improved from the depths of depression many of us experienced last year, even with the often-loaded and scary pre-election jitters.

136% of 2023 FX inflows recorded in three months – Cardoso

The CBN has been issuing a flurry of circulars on the forex market in a bid to sanitise the system.

Business diplomacy and Africa’s development

Rwanda is hosting it for the second time since its maiden edition, held in Geneva 10 years ago.

Central Bank of Nigeria officially withdraws cybersecurity levy

This was disclosed in a circular to different categories of banks on Sunday evening

OSP and CAGD unearth GH¢2.8m payroll fraud

In addition, further savings are anticipated in subsequent years, along with potential upward compensation adjustments, because of the OSP’s joint inquiry into those unearned salaries.

CBN, SEC fine banks N678m

The regulators that sanctioned the affected financial groups were the Central Bank of Nigeria, the Securities and Exchange Commission, the National Insurance Commission, the NGX Regulation Limited, FMDQ and the National Pension Commission.

IMF Ghana programme blamed for cedi’s decline

That situation prevented the Bank of Ghana (BoG) from entering the foreign currency market to stabilise the cedi.

Nigeria court rules Binance executive can face trial on behalf of crypto exchange

Binance and executives Gambaryan, a U.S. citizen and head of financial crimes compliance, and British-Kenyan national Nadeem Anjarwalla, a regional manager for Africa, face four counts of tax evasion

6 more laws sent to Ramaphosa to sign

The bill seeks to enhance energy security by diversifying energy production and expanding access to electricity.

EBRD approves membership of Kenya and Nigeria

The applications of Kenya and Nigeria also included requests to become recipients of EBRD financial and advisory services, which the Bank will address once the statutory amendments are in force.

Ghanaians benefit from US-funded Power Africa Programme for clean and affordable energy

The release indicated that since 2019, WAEP has expanded supply and access to clean, affordable, and reliable grid-connected electricity in 23 countries in West Africa.

Regulation,Tax & Compliance