Managers of Wealth Africa

Norton Rose Fulbright LLP and Save the Children launch global strategic partnership

Save the Children operates in more than 100 countries including the UK.

Damage to African Bank branches ’extensive’

The bank was quantifying the losses and conducting site assessments so that branch sites could be reinstated as quickly as possible, but this would take time to occur.

Pension complaints and solutions

Kindly assist me to wipe my tears away by telling them to implement my monthly pension that was stopped sometimes last year due to double PIN.

Appleby Mauritius successfully obtains Interim Relief under the International Arbitration Act 2008.

Such interim relief had to be sought before the Supreme Court of Mauritius against the backdrop of a challenge as to the juridical seat of arbitration.

Beware of ATM scams and fraudsters

And despite various campaigns aimed at informing citizens of the risks, more and more South Africans seem to be falling victim to these scams.

Inheriting from South Africa in 2021 and beyond: What expats need to know

If you’re a South African living overseas and due inheritance from a South African estate, here’s what you need to know about the new process now that financial emigration has been phased out.

Rwanda gives nod to KCB to buy bank from Atlas Mara

The firm said it was awaiting approvals from Tanzania where KCB Group has also set sights on African Banking Corporation Tanzania (BancABC).

Central banks of France, Tunisia in wholesale cross border CBDC trial

The experiment used a blockchain-based wholesale central bank digital currency to carry out wire transfers between commercial banks in each country instead of using SWIFT.

Mauritius now 17th country in Global Index repository for banks, with MBA’s support

Mauritius was an early adopter.

CMA pushes Kenyan firms to acquire bank-backed guarantees in bond issue

In addition, companies, particularly those issuing asset-backed securities will have to undergo credit rating for their risk positions to be well captured.

Wealth firm CEO suspended due to suspected looting

He has been accused of taking part in the unrest in South Africa

Zenith Bank is balancing the scorecard with ESG policies

A bank is only as strong as the community it serves, and this founding philosophy has not only helped it to provide support and aid during the global health crisis, but forms part of Zenith Bank’s continuing commitment to help govern sustainability

South African bank calls on public institutions to switch to digital payments

The provincial head of FNB Public Sector Banking Anrie Spangenberg said it is costly to transport cash.

Ghana to begin digital Cedi pilot in September - BoG

The First Deputy Governor of the Bank of Ghana, Dr Maxwell Opoku-Afari, has revealed that the central bank will begin a pilot of the digital cedi in a sandbox environment in September 2021.

World Bank sends warning to South Africa

South Africa’s unemployment rate stood at a record 32.6% in the first quarter of 2021, the third-highest of 82 countries tracked by Bloomberg.

AFSA International's new rules - simply explained

These Rules are a welcome move that will help to grow South Africa's reputed position as an international arbitration seat.

Zanzibar’s new tax and residency investment scheme set to open paradise to the world

Government introduces key measures to make the region attractive to foreign investment

Momentum entities fined over R11m for inadequate controls against financial crime

The regulator stressed that Momentum Wealth and MCI had not themselves been found guilty of facilitating transactions involving money laundering or terrorist financing.

Mauritius Commercial Bank Ltd (MCB) to adopt MITECH's TRAC Collateral Management system in the Cloud

The TRAC software will be implemented on a Cloud infrastructure, with the aim of going-live with the system before the end of the year.

Tanzania lacks Islamic banking regulations

The International Monetary Fund (IMF) and the World Bank recently issued Islamic banking prudential regulations and supervision to its members.

Regulation,Tax & Compliance