Managers of Wealth Africa

Estonia is punting its ‘e-residency’ for South Africans who want EU busines

More than 80,000 people from 170 different countries have become e-residents of Estonia.

JPMorgan Memo Warned $875 Million Nigeria Payment Was Graft Risk

European and Nigerian courts have been raking over the purchase by Eni SpA and Royal Dutch Shell Plc of the oil license in Africa’s largest crude producer a decade ago.

How South Africa’s new debit order system works

Upon setting up a new debit order with a service provider Standard Bank will send customers an SMS to approve the new DebiCheck mandate.

CBN extends Naira-4-Dollar scheme indefinitely

“In effect, a typical recipient of diaspora remittances, will, at the point of collection, receive not only the dollar sent from abroad but also the additional N5 per dollar received.”

Elumelu Calls for Urgent Power Sector Reforms to Boost Economy

He stressed the need for the federal government to focus on diversifying the economy in a bid to increase the country’s forex inflow and reduce the dependence on oil revenue.

First Bank and the CBN axe

Beyond its share price, its age and its millions of customers, who kept their sleep well accounts with the bank, also gave me the confidence that the bank is reliable and would for long, remain a bank to beat in Nigeria.

FBN customers in panic withdrawal after CBN shake-up

The apex bank noted that the action of the board of the FBN sent a negative signal to the market on the leadership of the board and management, stressing that it queried the board because of negative developments.

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.

Regulation,Tax & Compliance