Managers of Wealth Africa

Isabel dos Santos’ Maltese consulting firm served with $230,000 tax bill

The Angolan billionaire’s company had “no intention” to carry out economic activity in Malta, the island nation’s authorities said.

City Hall seeks new terms for Sh4.5 billion KCB loan

KCB Group inherited the loan from Equity Bank in September 2014 and offered City Hall a grace period of six months before it could start servicing the debt over eight years.

GEPF reappoints Standard Bank to provide master custody and additional services

The renewal of the mandate cements Standard Bank’s position as Africa’s largest provider of custody and related services.

Ghana’s central bank launches a regulatory sandbox prioritizing blockchain-related companies.

Ghana's central bank has launched a regulatory and innovation sandbox focusing on projects building on blockchain technology.

South Africa’s biggest bank sends out earnings warning as unsecured loans bite

The bank said in November that balance sheet growth has slowed, margin pressure continues, as the impact of previous interest rate cuts filter through.

How the proposed amendments to Reg 28 will affect your retirement

‘Investors and members of retirement funds need not panic that this is going to result in irresponsible investments being made’: Malusi Ndlovu – director of large enterprises, Old Mutual.

Ramaphosa Halts Hunt for Reserve South African Finance Chief

Still, the finance chief has frequently expressed reluctance to remain in the post for long both publicly and privately, citing the need for younger politicians

South Africa’s financial emigration system has changed – here are the new rules

Positive is that the antiquated legislation around exchange control for the process is completely falling away.

CBN Calls for Greater Policy Coordination to Support Economic Recovery

In his contribution, Adamu, stated that data presented highlighted some important downside risks, which included insecurity and rising inflation, especially food.

MPs approve new law to regulate mobile loan rates

Tens of unregulated microlenders have invested in Kenya’s credit market in response to the growth in demand for quick loans.

Moody’s and Fitch send warning to South Africa

The unexpected rebound in value-added tax (VAT) receipts since the fourth quarter of2020 and higher-than-anticipated corporate tax receipts were largely responsible for this revenue out performance, said Villa.

Ramaphosa and Mboweni push for new state bank in South Africa

The Land Bank is a state bank. The IDC (Industrial Development Corporation), if you like, is a state bank. Many developing countries have a number of state banks.”

S. Africa proposes new rules to boost economy

The changes should make it easier for retirement funds to invest in infrastructure and allow for better measurement of investment in projects, the Treasury said in a statement.

Mauritius: JICA provides $289 million support to fight COVID-19 under initiative with African Development Bank

The loan is a parallel co-financing agreement between JICA and the African Development Bank under the Enhanced Private Sector Assistance for Africa joint initiative to spur private

BoG launches Sandbox pilot

The bank and the innovator are able to assess the usefulness, viability and safety of innovations through shared understanding of their respective interests.

Will South Africa pass a wealth tax to cover the covid bill?

HNWs already ‘fed up’ with current taxation system and ‘leaving the country in droves’

CBN, SEC anchor cryptocurrency ban on financial system protection

Prior to the CBN directive, he said, the SEC had in 2017 cautioned the public on the risks involved in investing in digital and cryptocurrency.

Analysing Financial Accountability Trends at FMBN

The perennial breach of financial rules, which are designed to foster public trust in the handling of public funds, by government agencies is a serious and worrisome practice that deserves concerted efforts by all relevant stakeholders to tackle.

CRB freeze halves digital lenders Sh2bn monthly loans

The association said an estimated six million customers borrow an average of Sh4,000 for a period of 30 days.

$2,350 set as minimum for banks to seek more client info in Seychelles

From there, we have met with commercial banks to look at the issue.

Regulation,Tax & Compliance