Managers of Wealth Africa

Africa Prudential bags more ISO Certifications

The certifications followed a comprehensive audit and evaluation exercise conducted by MSECB – an internationally recognised certification body.

Access Holdings planned takeover of Kenya’s Sidian Bank aborted

The corporation noted that “the parties were unable to reach agreement on the variation of these conditions in a manner to deliver the desired outcome for the parties.”

Angola to get three new hospitals, as Investec, government and banks partner

Investec partners with Angolan government, agencies and international banks in the building of three key hospitals in Angola

‘Nigerian government can stabilise naira using friendly policies, cryptocurrency’

Cryptocurrency has amazing opportunities and that is why a lot of youths are finding ways to turn their time and energy into foreign monies, whether it is Bitcoin or dollars so as to maximise the opportunities.

Kenyans urged to prepare for tough economic times

The nation's financial crisis is reaching unfathomable heights.

Banks cut loans to State by Sh104bn over low returns

The 61.78 percent, or Sh104.86 billion, fall came at a time banks asked for higher interest rates during bond sales to compensate for rising inflation that threatened to eat into their real returns.

Nigeria’s GT Bank fined in UK over money-laundering failures

Financial watchdog says GT Bank, a repeat offender, has not disputed the findings and agreed to settle.

UBA to Block International Transactions on Naira Cards From January 15

Instead, its external reserves, which are mainly from crude oil sales, have continued to shrink due to oil theft and low production, putting pressure on the Naira in the currency market.

South African president plays down central bank mandate change talk

South Africa’s economy is being held back by regular power cuts and the nation has one of the world’s highest unemployment rates.

Debt Exchange Programme: Four banks highly exposed

The banking sector is the most dominant investor in Government of Ghana (GoG) debt instruments, a phenomenon induced by both regulatory and market economics.

Third of new civil servants yet to declare wealth

Failure by those joining public service to make wealth declaration means agencies such Ethics and Anti-Corruption Commission (EACC), which gathers information on corruption occurring in the public sector, will be flying in the dark on tracking the authent

Safaricom to lose Sh2bn in call tariff cut

The rate was in August cut from Sh0.99 per minute to Sh0.58 per minute.

Wahda bank: First African bank to obtain ISO 27001 accreditation in “Swift environment” information security

Al-Turki indicated that after the bank obtained this achievement, it proves that the bank is committed to a high-quality banking environment and brilliance at the local and international levels.

Bank of Ghana authorises 9 institutions to serve as FX brokers

The statement said the BOG reserved the right to delist any authorised FX broker for non-performance or non-compliance with FX Act and the Interbank FX Market Conduct rules.

Kenya Will Not Default on Its Debt Payments -President Ruto

In June it was forced to cancel the planned issuance of a Eurobond and is seeking alternative sources of funding.

Expect more rate hikes in 2023: expert

The SARB tries to keep inflationary levels stable between 3%-6%.

NCBA ordered to refund Sh1 million company spent on trailer at auction

Evidence presented to the court was that the lender advertised a number of motor vehicles and trailers it had repossessed from defaulting customers in December 2019.

Regulate bank-to-mobile rates

The waiver, largely intended to encourage cashless transactions in the face of the pandemic, did produce some results.

Nigerian President Muhammadu Buhari has signed the $21.83 trillion 2023 budget.

These provisions were made for the 2023 general elections and the transition programme.

Tunisia central bank raises key interest rate by 75 basis points

Move aims to curb high inflation, which reached 9.8 per cent in November

Regulation,Tax & Compliance