Managers of Wealth Africa

IMF's board to review Kenya's performance in mid-July

$239mln is at stake

NGX, BoI sign deal on growth

The agreement will also help to facilitate the capacity of stakeholders through financial literacy programmes, market advocacy initiatives and listing of companies.

NAICOM Revokes Standard Alliance, Niger Insurance’s Operating Licences

The Commission, nevertheless, assured all stakeholders of the safety and protection of their interests.

CBN, Bankers Committee Sensitises Lagos Markets on ENaira

Some of the traders who spoke on the initiative, commended the apex bank for introducing eNaira, saying that it would help in solving the long wait experienced in transferring cash.

UK to Guarantee $2 Billion of AfDB Debt to Boost Climate Fight

The UK has agreed to guarantee $2 billion of the debt the African Development Bank has extended to governments on the continent, allowing the lender to free up finance for climate-related projects.

Minimum wage problem for South Africa

“A year later, in Q1 2021, this number remained much the same, at 36.2%. In 2020, the NMW was adjusted by 3.8%, and wages appeared to have risen by roughly this amount for those who remained employed in Q1 2021, meaning that the overall rate of non-

Here is the new retirement system planned for South Africa

As part of his presentation, Momoniat focused on five main areas, including the new retirement system for South Africa and the government’s plans to address flaws in the current system.

Zimbabwe lobbies to rejoin Commonwealth

The late Mugabe, who ruled Zimbabwe between 1980 and 2017 with an iron fist, was at the loggerheads with the Commonwealth over alleged human rights abuses and electoral fraud.

South Africa rail policy sets out vision for future investment and private sector participation

The government has identified required interventions at two levels.

No more masks, but can employers still enforce mask-wearing in the workplace?

This means that there are no longer any laws or regulations mandating mask-wearing.

New banking laws proposed for South Africa

“It seems that the SCA’s basis for this decision was that the relationship between a bank and a client is a contractual one,” he said.

UK watchdog fines Ghana International Bank for poor controls

This restriction remains in place.

Verification Of Clients Under FICA And The Dangers Of Asking For Too Much

FICA is aimed at the identification of the proceeds of unlawful activities, combatting money laundering and combatting the financing of terrorist and related activities.

Taming Risk Factors in Open Banking

The forum focused on the risk factors emerging from open banking system and how best to tame them.

Verification of clients under FICA and the dangers of asking for too much

The companies viewed Nedbank’s conduct as unjustifiable and unlawful and instituted proceedings to claim damages in the amount of ZAR181 103.31, together with interest and costs.

South Africa in for more pain in the coming months: Investec

This would be the first time since March 2017 that inflation tops the upper limit of the South African Reserve Bank’s inflation target range

Africa: AfCFTA Success Depends On Strong Africa Bank Lending

Manufacturing requires patient capital which can be invested for a long period of up to five to ten years and even more.

Opportunity Cost of Nigeria’s Trade and Industrial Protectionist Policies

This is the verdict of the World Bank in its latest report titled, “Nigeria Development Update June 2022

SEC Reiterates Commitment to Financial Inclusion Drive

The products and services he stated, must meet the needs of individuals and businesses and must be delivered sustainably and responsibly

On the Back of Inflationary Pressure, Banks increases Maximum Lending Rate to 27.79%

The hike in MPR was the first time in two and a half years that the policy-setting committee of the nation’s financial regulator would increase the rate.

Regulation,Tax & Compliance