Managers of Wealth Africa

Reserve Bank talks up ‘digital rand’ for South Africa

Prioritisation was given to the FSB’s Roadmap, which aims to enhance cross-border payments by improving cost, speed, access and transparency.

Banks alter business hours to beat deadline for old currency notes

Customers seek extention of deadline

Titan Trust Bank mandatorily takes over Union Bank

On successful completion of this Mandatory Takeover Offer, UBN shares will no longer be traded on the Floor of the Nigerian Exchange Limited because it would be delisted.

Govt hikes public sector wage offer to an effective 7.5%

Next week the union will be joined in another day of action by public service unions affiliated with the Congress of SA Trade Unions (Cosatu) and the SA Federation of Trade Unions (Saftu).

African Development Bank invests $20 million in private equity fund targeting renewable energy projects in sub-Saharan Africa

Inspired Evolution Investment Management is a well-established fund manager with more than 15 years of experience and a track record of deploying more than $310 million in renewable energy projects in African counties.

We are determined to help raise financial literacy to drive inclusion – Ecobank Ghana

The seminar was held to commemorate the bank’s annual flagship CSR initiative, ‘Ecobank Day’, which aims to give back to the communities where it lives, works, and serves.

South Africa Reserve Bank adopts the new ISO standard

The adoption of the international standard is based on the increased regulation, ever-evolving cybersecurity threats, and customer demands for faster, more cost-effective payments.

South Africa: Reserve Bank Warns of Procurement Scam

It should also be noted that all procurement at the SARB is centralised within its Procurement Division.

Getting ready for ISO 20022

By now, most bankers know that ISO 20022 changes the format of SWIFT messages and, as such, has had a significant impact on IT teams.

Relief for Absa bank in Sh1.5 billion secret information leakage order

The judge also certified the request as urgent and fixed it for hearing on December 14, 2022.

UBA Reiterates Commitment to SMEs Development Across Africa

Because of our large network and pan-African presence, UBA is working with AfrEXIM Bank through the African Continental Free Trade Agreement

South African Reserve Bank Modernises Payments by Adopting new International Standard

South Africa has become one of the first countries in the continent to adopt the International Organisation for Standardisation (ISO) financial messaging standard ISO 20022.

African Development Bank rallies partners to support the flagship Desert to Power initiative to light up the Sahel

The event was an opportunity to present the Desert to Power program to potential partners and to rally investors toward its implementation.

Naira Redesign: Access Bank Launches Saturday Banking, For Cash Deposits Across

The bank announced that as a result of the change, its locations will be open on Saturdays from 10 a.m. to 2 p.m. to accept cash deposits from customers who live in urban areas.

Banks charge customers N715bn for electronic transactions, others

The fees and commissions included: credit related fees and commissions; account maintenance charges; corporate finance fees; e-business income; asset management fees; and commission on foreign exchange deals.

Commit to professionalism to ensure high standards in banking industry

The conference sought to bring to the fore what the future looked like and how practitioners could navigate, survive and thrive amid the current disruptive challenges facing the banking sector and the national economy.

BoG to review Cyber and Information Security Directive to ensure secured banking environment

It is therefore admonishing all RFIs to pay particular attention to the increased cyber security risks and Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) issues associated with digitalization.

Cannabis market stunted by misalignment of policy and law

SA has earmarked the sector as a growth industry but legislative uncertainty and regulatory hurdles effectively lock out local industry from competing in Europe

Bank of Central African States to launch new banknotes, coins by mid-December

In Central Africa, the renewal of banknotes and coins takes place in principle every ten years.

COP27: European Union concludes a strategic partnership with Namibia on sustainable raw materials and renewable hydrogen

The partnership will promote local value addition in Namibia by supporting the development of the mining and renewable hydrogen value chains.

Regulation,Tax & Compliance