Managers of Wealth Africa

Wema Bank Debunks Money Laundering, Bribery Story

The Bank has already engaged its solicitors to institute appropriate l0egal action.

Fed Ends Consultation With Kraken, Custodia Nearing Access to Payment Rails

Financial institutions interested in obtaining payment services including ACH, cash, check and wires can open an account or receive services from the Federal Reserve.

Uganda ready to host East African Central Bank

She hailed Acting Commissioner for Economic Development Joseph Enyimu for his presentation, that hall all the elements often missing when our economic ambassador address audiences abroad.

Absa charges policymakers to sustain growth in pension sector

She dissected the pension industries and shared strategies necessary for improving the business of pension in the domestic market.

CBN Fines 10 Banks

The CBN by regulation forces banks to retain up to 27.5 per cent of their deposits in CRR requirement, meaning that the deposits are not accessed by the banks for loans and advances.

Treasury allocates NMS Sh14 billion to operate until 2023

The Treasury previously slashed the budget for the NMS in the current financial year signalling an end of the short tenure of the entity.

Nairobi Financial Centre firms to pay Sh1m fee

The publication of the regulations to back the agency’s operations and the setting up of its board last year set the stage for its formal launch

SARS must also follow the Rules of the tax dispute resolution process

The court then explored what the standard was to be applied in determining an application for condonation and stated that it is settled law that the standard to be applied is what is in the interests of justice which is “a wide and elastic concept&a

Development Bank, DLM Capital Gets Approval to Acquire Links Microfinance Bank

This deal, together with our NDIC insurance, will demonstrate to our customers that they can trust us with their financial needs

Cape Town wants wider roads and flexible work hours to help cut down on traffic

Congestion on Cape Town roads is costly for the economy and commuters in terms of both time and money.

Reserve Bank sends price hike warning to South Africa

Higher expected wage growth, a somewhat weaker rand and further advances in global goods prices could exert additional upward pressure on headline inflation

MTN gets approval to operate payment service bank in Nigeria

Mobile payment service operators provide financial services through digital means to low-income earners and people who do not use banks or banking institutions for transactions.

The World Bank and IMF Are Getting It Wrong on Climate Change

Rich donor countries are working to deprioritize poverty reduction and economic development in the global south.

Banks Are Being Fined By The Nigerian Central Bank For Allowing Cryptocurrency Transactions

The sanctions are part of the Central Bank of Nigeria’s efforts to discourage cryptocurrency use and impose commercial limitations on cryptocurrency trading.

First Bank staggers opening duration at branches

Despite not stating the reason for the action, it is believed the bank took the decision to cushion the effect of the increasing cost of diesel with which it powers many of its branches.

Afreximbank launches 4 billion US dollar Ukraine Crisis Adjustment Trade Financing Programme for Africa

It is a programme of credit facilities that the Bank has developed to manage the impacts of the Ukraine crisis on African economies and businesses

Bank Of Ghana Warns Against Trading In Foreign Currency

The BoG said it is collaborating with the security agencies to clamp down on illegal foreign exchange operations.

Nigeria’s central bank fines 3 banks $1.9 million for operating crypto trading accounts

In February 2021, the Central Bank of Nigeria ordered all commercial banks and financial institutions to close all customer accounts that operate in or trade cryptocurrency.

Reserve bank wants engagement on cryptocurrency regulation

A distributed ledger is a digital record of transactions and contracts maintained in a decentralised form across different locations.

FG Moves to Withhold Assent to MDAs’ Budgets over Non-rendition of Accounts

This came as the ACCA Nigeria’s Country Head, Mr. Tom Isibor, said non-rendition of had implications for Foreign Direct Investment into the country.

Regulation,Tax & Compliance