Managers of Wealth Africa

UBA, UNDP sign MoU to support youth, women-led MSMEs in Ghana

The partnership is expected to scale up youth and women-led MSMEs, increase jobs, drive revenue and contribute significantly towards the reduction of environmental footprint.

‘Spelling error’ on new South African bank notes finally put to rest

Some Xitsonga speakers said that this is incorrect and the previous version of “Bangi Nkulu” was the accepted form.

Court ruling seeks to end retirement age cheating

In her judgment on an appeal filed by former security guard Kenneth Ouma, Justice Mbaru said the retirement age at 55 years was amended to 60 years

Ethiopian central bank limits commercial lending

The National Bank of Ethiopia believes that measures to limit lending by commercial banks will help to tame inflation running at almost 30%.

Kacha DigiFin Approved by National Bank for Commercial Operations

In recent months, Kacha has successfully integrated with EthSwitch, the national switch, along with major banks and mobile money service providers.

Kenya's central bank allots licence to 12 new digital loan providers

Other applications are under review at various stages

Naira slump: CBN clamps down on speculators, restricts diaspora remittances

According to Shonubi, the volatility of the naira in the parallel market is not solely driven by economic factors, but also speculative demand.

Retirement Benefits Authority orders trustees to revise Kenyatta National Hospital pension dues

The tribunal issued a judgment on April 22, 2021, but the former employees went back to the RBA accusing the trustees of using a wrong formula against the tribunal’s decision.

CBK to prop up banks hit by liquidity shortfalls

This implies that the apex bank will have a firmer grip on banking sector interest rates.

New emigration tax rules could backfire for SARS: expert

“While the regulations may be well-intentioned and designed to help prevent South Africa from falling further afoul of traditional regulators, there’s also a good chance they could backfire,” Scherzer said.

The Central Bank of Egypt, Ghanaian counterpart mull cybersecurity cooperation

This is in addition to ensuring the governance of the procedures and management systems followed when handling cybercrimes

Bankruptcy action by Access Bank: Seplat served interim court order

There are no claims against the company in the bankruptcy proceedings and the orders have no impact on the operations of Seplat Energy.

Stanbic Bank Kenya sets 19 percent interest rate on riskiest borrowers

Stanbic becomes the latest after Equity Bank Kenya to disclose the structure of its risk-based pricing mechanism.

Equity Bank now digs in for TransCentury receivership

The application was supported by Paul Ogunde for the receiver managers, saying TransCentury was trying to create an impression that they wanted to impair or disrupt the businesses.

Volatile climate stunts pension investment into Infrastructure Fund

Earlier in May, PFAs invested just N123.4 billion or 1.2 per cent of the N16.1 trillion total pension assets into Infrastructure Fund.

South African regulator wants Vodacom Group’s $696mln fiber deal blocked

Vodacom says it will appeal the decision

Billionaire Narendra Raval joins case to root for Finance Act

Mr Raval’s group of companies is involved in the manufacture of various goods, specialising largely in the steel and cement industry.

Trouble ahead for remote workers earning dollars and pounds in South Africa

South Africa has become something of a hot spot for remote work.

‘Standard Bank’s closure of Independent Media’s accounts is an attack on all South Africans’

Banks are perfectly entitled to serve whichever customers they choose.

“Don’t Write-Off”: CBN Sets Sanctions for Top Directors Taking Loans as 4 Banks Approve Over N112bn

The banks include Union Bank of Nigeria, Stanbic IBTC Holdings, Sterling Bank, and Access Holdings.

Regulation,Tax & Compliance