Managers of Wealth Africa

SRC, governors fight over Sh2.3bn exit pay

The SRC says the government will require Sh2.3 billion in the first year to cater to the juicy perks sought by governors and their deputies.

Development Bank Agrees to Help Zimbabwe Clear $13.5 Billion Debt

AfDB and Zimbabwe are looking for ways Harare can get access to international financial money while the debt is being settled over a long period.

World Bank approves $300mln grant to Mozambique

The World Bank money will be used to support budgetary institutions, improve transparency and the business environment

Stakeholders Call for Flexible Regulation of IoT Ecosystem in Nigeria

The first book is titled ‘Datafication of Society to Foster an Internet Economy’ and the foreword was written by the Secretary General of the International Telecommunication Union (ITU), Mr. Houlin Zhao, who has had a long distinguished career

Gabon: African Development Bank and Government Discuss Partnership and Development Priorities for 2023-2027

Ms. Roboty thanked the Bank “for accompanying Gabon in implementing its programmes.

A top banking CEO has sent a stern warning to South Africa

South Africa has previously been found wanting in all 11 of the task force’s effectiveness measures to combat money laundering and the financing of terrorism.

Central Bank Welcomes DRC’s Admission Into The East Africa Community

The DRC’s admission to the EAC also means it joins the institutions of the Community, including the EAC’s Monetary Affairs Committee (MAC).

South African Central Bank to Look at Regulating Crypto

The country may also issue a central bank digital currency.

AfDB Approves €87 million Loan To Expand Social Coverage in Morocco

Over the past years, Morocco has worked to integrate workers into the formal economy to generalize social protection benefits.

Standard Bank drops mandatory Covid vaccines in South Africa – as new CCMA ruling calls them ‘unconstitutional’

In an emailed statement, the bank said it took a range of factors into account in reviewing its policy, including recent regulatory developments, the current state of the pandemic in South Africa, and the high vaccination rate amongst its employees.

DBN to address MSMEs’ financing constraints

“With a total of about 17.4 million, they account for about 50 per cent of industrial jobs and nearly 90 per cent of the manufacturing sector.”

Strict transformation rules coming for lawyers and other jobs in South Africa

The government is also expected to conclude the legislative process for the Employment Equity Amendment Bill in September 2022, in what is expected to be the vanguard of a new transformation push for the country.

Finance Ministers, Central Bank Governors Seek IMF, W’Bank’s Rapid Debt Relief for Africa

This year’s African Caucus held under the theme, “Towards a Resilient Africa,” and called for a rapid implementation of the commitment made at the G7 Summit in June 2022

Central Bank Governors, Finance Ministers Beg Again For Africa’s Debt Relief

Morocco is chair of the Caucus

Central Bank Governors, Finance Ministers Beg Again For Africa’s Debt Relief

It should be noted that the call for debt relief for Africa did not start today as exemplified by the call last year made by the President of African Development Bank, Dr Akinwumi Adesina.

Bank Raises Prime Lending Rate to 11.96% on Inflation, Hike in MPR

The prime rate is the interest rate that banks charge their most creditworthy customers, generally large corporations.

Lawyers Ask Court to Nullify Acquisition of Union Bank by Titan Trust Bank

In the suit, Mekwunye, also a Union Bank shareholder, had contended that Union Bank’s sales to Titan Trust Bank by Union Global Partners and Atlas Mara Ltd did not follow extant laws of Nigeria regulating such transactions.

Standard Bank warns of new tax scam targeting customers

Keep your login details, passwords or account information private.

Zimbabwe to mint gold coins to tackle rising prices

The statement also said each coin will be identified with a serial number and can be easily converted to cash, locally and internationally.

TAJBank targets banking licence

One of the major objectives now is to secure a national banking license in order to transform TAJBank into an industry leader.

Regulation,Tax & Compliance