Managers of Wealth Africa

Dlamini-Zuma sets stage for launch of new bank in South Africa

South Africa is poised to introduce a new bank.

Kenya to access more IMF funding on limit increase

The Executive Board of the International Monetary Fund (IMF) approved on March 4, 2024 an extension until end of 2024 of the temporary increase in normal limits

Financial watchdog to licence 60 crypto platforms by month-end in South Africa

Bitcoin — the world’s largest cryptocurrency — hit an all-time high of $73,664

Kganyago banking on South Africa exiting the grey list in 2025

The governor said that work is underway to fix the numerous issues that were identified by the Financial Action Task Force (FATF) – which is expected to be completed by the watchdog’s next review.

IMF to FG: Protect poor Nigerians from rising prices through cash transfers

The IMF also sees the recent actions of the Monetary Policy Committee (MPC), which further tightened monetary policy

Fraud watchdog sends a warning to employers in South Africa

Concerningly, debt levels are the highest for the middle class

CMA locks speculators out of margin trading in draft rules

A trading participant shall not provide margin financing facility to an investor who has engaged in securities trading for less than half a year

Digital lenders seek CBK help to unlock 429 licences

This proactive measure would streamline the review process and improve overall compliance within the sector.

Top banking CEO sends a warning about state banks in South Africa

Brown’s comments come after the government pursues two new banks – one of which is a complete overhaul of Postbank.

Banks face higher costs in Kenya’s ‘grey list’ addition

Part of the exposure is linked to the rapid adoption of technology by banks, which has opened supervisory and regulatory loopholes in the country’s financial sector.

CBK issues licences to 19 more digital credit firms

The licensing comes nearly a year after the last one

Standard Bank issues fraud alert

However, Standard Bank said the website has nothing to do with the bank or its operations.

The Gambia: African Development Bank approves supplemental $16 million to boost agriculture and food security

The project’s core objectives remain unchanged: elevating food and nutritional security and improving the incomes of vulnerable households.

Stonehage Fleming Receives FINMA Operating Licence

In 2020, new financial regulations were introduced by FINMA

A monetary policy hurdle for the real sector

These actions aim to attract capital inflows and improve Foreign Exchange (FX) liquidity.

Banks raise spending on tech for customer service, fraud fight

Banks are realising that the more they invest in technology, the more they are able to up their game to ensure they are winning customers.

19 banks still on the hook in South Africa’s rand manipulation case

The commission is still pursuing its case against 19 of the initial 28 banks identified in the investigations.

Godogwana wants South Africa to play by new rules

Godongwana has previously said that for the fiscal anchor to become binding, it will need political buy-in.

How real estate put Kenya on dirty cash grey list

This deficiency is one of the reasons the Financial Action Task Force (FATF), the global anti-money laundering watchdog, put Kenya under high surveillance in what is known as the grey list with 21 other countries.

SARS warns of new scam targeting taxpayers in South Africa

SARS warned taxpayers against opening any links in these emails and said they should be deleted immediately.

Regulation,Tax & Compliance