Managers of Wealth Africa

Operators Warn against Cybercrime

In his welcome address, the President of NCS, Prof. Adesina Sodiya said NCS observed that cyber attacks in Nigeria was on the increase, based on current local and International reports that were alarming.

Nigeria: Hope Rises for Failed Banks' Depositors As NDIC Meets Minister Over Asset Liquidation

support of the Ministry in realising them would assist the Corporation in the effective discharge of its mandate of deposit guarantee which ensures that depositors recover their savings in the event of bank failure.

Sars tax compliance: The cross-pollination

A non-compliant status with Sars can intersect into various aspects of your life.

Africa Monetary Policy Tighter Than it Seems, Standard Bank Says

Yields at the short end of the curve in Nigeria and Tanzania have risen

Concerns over alleged re-looting of over $1.5b Abacha booty

This growing fear, perhaps, recently forced the Sultan of Sokoto, Muhammadu Sa’ad Abubakar III to ask the Federal Government to explain to Nigerians how much of the country’s looted funds it has so far recovered.

Equity denies receiving State’s missing Sh493m

The loan is not among the borrowings disclosed by the lender in its annual report, which has been endorsed by the Central Bank of Kenya (CBK).

CBK hands Spire Bank emergency cash lifeline

The CBK “discount window” facility is traditionally a last resort for distressed banks after exhausting all other avenues, including borrowing from each other.

Registration: SEC gives crowdfunding promoters June 30 deadline

While the transitional period elapsed on the 21stday of April, 2021, the Commission hereby directs all existing investment crowdfunding portals/digital commodities investment platforms to note the requirements and eligibility criteria

KCB Q1 net profit rises by 1.8 percent

Interest income increased by 8.71 percent to Ksh21.96 billion ($205.23 million) from Ksh20.2 billion ($188.78 million).

A legal perspective on dealing with employees who refuse to mask up

This regulation seems to suggest that employees ought to wear masks at all times when performing their duties, irrespective of where the duties are performed.

Tough inflation test as CBK team meets

Analysts say though that while inflationary pressure is likely to be at the forefront of the MPCs thinking, the base rate is unlikely to change, given the need to also stimulate economic growth.

W’Bank Advises Nigeria, Others on AfCFTA’s Implementation

This is essential for compliance, administration and problem solving, economic monitoring and socialisation of the AfCFTA.

Mr Eazi eyes East African tech industry

This comes after his recent travels to Sierra Leone and Benin Republic.

Treasury opposes proposed pension fund law changes

The bill was introduced by the main opposition party Democratic Alliance in November as a measure to help alleviate financial stress caused by the Covid-19 pandemic.

Communications Authority changes terms in fresh hunt for new boss

Justice Maureen Onyango found that the advertisement for the vacancy did not meet the minimum statutory requirements in terms of the qualifications for the position and the process of advertising.

Kenya to receive second tranche of Sh44bn IMF loan

“The IMF staff team and the Kenyan authorities have reached a staff-level agreement on the first review of Kenya’s economic programme under the Extended Fund Facility and Extended Credit Facility,”

Safaricom takes 56pc stake in Ethiopia firm

He did not explain the circumstances that led to the changes in the ownership. The multinational’s stake has also gone up, having previously stood at five percent.

EAC, Germany sign $65m agreement for health, digital projects

The funds will finance the procurement of at least four different types of vaccines – Pentavalent, Rotavirus, Pneumococcal and Measles second dose.

Bank of Central African States and the African Energy Chamber to work together on solution for FOREX regulation for energy industry

The meeting was in response to concerns by energy companies operating in the Central African Economic and Monetary Community (CEMAC) region

Long-awaited clarity on broad-based black ownership

The Practice Note states that beneficiaries of discretionary collective enterprises seldom have the right to vote at general meetings of underlying entities.

Regulation,Tax & Compliance