Managers of Wealth Africa

Wealth Migrate an African leader in obtaining a licence to offer crowdfunding services to investors

Wealth Migrate SA (Pty) Ltd has been approved as a Category I Financial Services Provider

Government pushes ahead with plans to launch a new state bank

It is expected to help provide financial assistance to South Africans who are most in need.

Markets regulator, KIDC restart talks on bonds cushion

This was a drop from 0.17 per cent of Sh691.8 billion traded in 2019 and 0.56 per cent of Sh655.1 billion in the prior year.

Pension changes for South Africa under the spotlight

The bill would amend the current Pension Funds Act to allow pension fund members to obtain a loan, secured by a guarantee from a registered pension fund, to alleviate financial pressure during an emergency.

GHS768 million paid to over 6,000 clients of collapsed FMCs

Reverend Daniel Ogbarmey Tetteh further noted that the Commission also is set to complete the asset management bailout programme, following the approval of GHS5.5 billion by Parliament.

Central bank seeks identity of major NSE gold traders

The NewGold ETF, which is the largest gold ETF in Africa and the first in East Africa, was listed on the Nairobi Securities Exchange in 2017.

Shariah-Compliant Structuring And Its Relevance To Impact Investing

It is expected, however, that in the next few years, 60% of the demand for Shariah-compliant products will come from those aged between 25 and 50 years.

Why CBN sacked board of First Bank

For years, the CBN has used Adeduntan as a check against attempts by directors of First Bank to secure insider loans, a major source of conflict between the CBN and Oba Otudeko.

Kenyan MPs probe sale of troubled Spire Bank to teachers

The Committee, headed by Kirinyaga Senator Charles Kibiru, on Wednesday called for the tabling of the due diligence reports for the transaction from CBK, Ernst&Young (financial advisors) and the lawyers who drafted the agreement for the transaction.

CBK regulation of digital lenders is long overdue

While there is no doubt this is a profitable sector with over 11 companies, there are still fears it could be exploited for financial crimes.

Mauritius a player in transparency – identifying Ultimate Beneficial Owners

The Financial Action Task Force, based on its fourth round of mutual evaluation

Connecting the Dragon, the Tiger and the Lion

With Chinese presence in Mauritius dating back to the 1800’s, the diplomatic relationships between the two countries have actually started strengthening since 1972, culminating into China’s first free trade agreement with any African nation.

FCMB Shareholders Approve N2.97bn Dividend

The AGM was held virtually due the prevailing COVID-19 pandemic and streamed live to shareholders of the financial institution.

CBK revokes Chase Bank licence, kick starts winding up

The regulator last Friday instructed the KDIC to start the liquidation of Chase Bank’s remaining assets to salvage some money for customers who had more than Sh100,000 each in the bank.

Constitutional Court opens door to alternative methods of compensation

This judgment opened the door for the development of the common law by interpreting the order in a manner which did not limit the manner of payment.

Forex reserves up Sh33bn after IMF loan injection

The Treasury normally sells the hard currency proceeds of external loans to the CBK in exchange for shillings

Nigeria SEC working with central bank to lift digital currency ban

Nigeria’s SEC has now revealed that it has been seeking to find a way around the ban, working with the banking watchdog.

ENSafrica’s Thierry Koenig nominated to sit on the Institute of Judicial and Legal Studies board

The IJLS plays a key role in the professional development of barristers, attorneys and notaries in Mauritius

CBK okays liquidation of Chase Bank

The report indicates that considering the weak status of Chase’s financial position, liquidation is the only feasible option,” said CBK.

Pension schemes lean on bonds in tough economy

In contrast, they saw a decline in the value of equities investments by Sh10 billion to Sh218.12 billion, largely due to a fall in share prices at the Nairobi Securities Exchange (NSE).

Regulation,Tax & Compliance