Managers of Wealth Africa

African Development Bank Group and Ethiopia Resolve to Normalize Relations

Consequently, the African Development Bank withdrew all its international staff from Ethiopia.

Africa in debt spiral as restructuring efforts drag on

The rise in interest rates and over-indebtedness is already crimping the ability of countries to finance their development

FirstRand asset manager unit ready for takeoff

Ashburton Investments muscles up with more senior appointments

Fintech to refund customers after platform breach

Patricia Technologies also hinted that it had worked on a best-in-class technological solution to prevent a repeat of the recent breach.

Naira falls to N1,350/$ in parallel market

Consequently, the gap between the official and parallel market exchange rates widened to N418.77 per dollar yesterday from N416.43 on Tuesday.

‘Resistance is futile’: Why Nigeria rolled back crypto restrictions

The Central Bank of Nigeria's decision partly comes in light of a shift in attitude from regulators around the world in terms of how best to oversee what is already a $1tn industry.

Saudi Arabia cuts hiring fees for Kenya domestic workers by Sh80,000

Philippine workers got the least cut at 7.5 percent as those from Sri Lanka and Bangladesh had their wages reduced by eight percent and 9.6 percent respectively.

FG issues 13 new power generation, distribution licences

It explained that the commission issues licences for electricity generation, transmission, distribution, trading and system operations in the Nigeria Electricity Supply Industry.

Voice, data quality tops list of unresolved consumer woes to telecoms regulator

The Authority is mandated to protect consumers from poor service by operators and monitors quality for the three mobile network operators to ensure their standards meet quality parameters.

Shilling falls to new low of Sh160 to the dollar

As a result, the shilling has shed 2.4 percent against the dollar

African Development Bank to support HealthTech Hub Africa’s blueprint to fast-track health tech innovations across Africa

This collaboration will develop actionable recommendations that address capacity gaps for health technology innovations in Africa

Safaricom employee charged in Sh29m police sacco theft case

He was accused of aiding and abetting the alleged offence by allegedly facilitating the registration of five mobile numbers

FG to boost Internet speeds in Ogun, Edo, others

It highlighted that nations gain unprecedented benefits in speed, reliability, and future scaling when they build modern broadband infrastructures.

NOVA Merchant Bank raises salaries by 50%

Meanwhile, the bank has announced the commencement of its 2024 NOVA Graduate Trainee Program this month in Lagos.

Kenya, Ghana and Zambia currencies seen under pressure

LSEG data showed the cedi trading at 11.9200 to the dollar on Thursday, compared to 11.9000 at last Thursday's close.

Meta appoints Dentons to new EMEA Panel

The firm's global relationship with Meta has developed through years of collaboration.

When to expect interest rate cuts in South Africa

Global inflation and interest rates are trending downward after hitting a peak in the latter months of 2023, and many anticipate the US Fed to be eying a move lower for rates within the first half of the new year.

African Bank Data Breach: Unverified Claims of Customer Data on Sale

The threat actor alleges that the threat actor has complete access to various sections of the bank's database.

Interest rate relief for South Africa is coming

Bishop noted that the SARB’s monetary policy committee (MPC) has communicated its preference for CPI inflation to consistently average around 4.5% y/y before it starts cutting rates

Nigeria's Central Bank Approves cNGN Stablecoin Launch amid CBDC Concerns

cNGN will go live on February 27, 2024.

Regulation,Tax & Compliance