Managers of Wealth Africa

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.

UBA seeks to recover $6.759m from Polaris Bank

Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank are the first and second respondents in the suit numbered FHC/L/CS/714/21.

‘Financial Inclusion Initiative Will Drive Open Banking’

This, she said, would enable end users have access to relevant technology tools that would help them meet their own financial needs.

Nigeria: African Development Bank bolsters women-empowered businesses with $50 million loan to FCMB bank

Thirty percent of the funds, which are intended to mitigate effects of the challenging Covid-19 environment, are earmarked for underserved women-empowered businesses.

Several court judgments later, insurers are still fighting lockdown claims

ICA CEO Ryan Woolley said his firm had positive interactions with Hollard South Africa, Old Mutual Insure and some smaller insurers such as Factory & Industrial.

Double-digit growth in PSCE by FBNQuest Capital

There is a long way to go in boosting financial intermediation when we consider the scale of the unbanked informal economy.

CBN pledges increased interventions to SMEs

Emefiele urged the government and the private sector to provide more support in addressing the challenges of SMEs in the country.

Major South African Insurance Company Suffers Data Breach

It is unknown yet how much information was exposed to cybercriminals following the recent data breach

SA must show ambition or risk not getting climate finance: Ramaphosa panel

It also warned that the nation’s export markets may shrink as countries impose tariffs on their carbon intensity.

South Africa’s $4 billion in crypto scams has regulators scrambling to bring in new regulations within the next three to six months

South Africa is now locked in a race against time to bring in new regulations to curb the misuse of cryptocurrencies in the country.

South Africa’s tax season is now open – what you should know about lockdown and filing

These taxpayers are encouraged to continue doing so digitally, starting from 1 July 2021, it said.

IMF approves $1bn loan to finance Uganda's Covid-19 response

"Reforms will focus on creating fiscal space for priority social spending, preserving debt sustainability, strengthening governance, and enhancing the monetary and financial sector framework," the statement said.

Final step in phasing out the GBL1/GBL2 and deemed foreign tax credit regimes in Mauritius: What next?

Grandfathering provisions were introduced to ensure a smooth transition into the new global business framework

World Bank Calls for South Sudanese Government, Donor Investment to Support Jobs, Peacebuilding

The study pinpoints effective first steps to help recovery.

Data shows South Africa is set for interest rates hikes

The central bank’s quarterly projection model, which the MPC uses as a guide, indicates two rate increases this year of 25 basis points each and a key rate of 6.11% in 2023.

Complying with the new Tax & SPV regimes in Mauritius

Mauritius has continued to innovate in order to retain its role as an international financial centre of substance

Central bank head confident South Africa can weather global interest rate rises

Continent’s most industrialised country is less vulnerable now than last year, says Lesetja Kganyago

W’Bank: How Nigeria Can Generate N10tn Tax Revenue in Three Years

“This calls for a carefully calibrated set of policy and administrative measures that can grow revenues without discouraging investment.

South Africa moves ahead cautiously with proposed regulation of the crypto space

Daily SA trading hit R2-billion in January. Government wants oversight.

Bank of Ghana orders banks to stop charging customers illegal fees

The Central Bank also directed banks and SDIs to desist from calculating interest rates on borrowing monthly instead of annually in accordance with section 55 (2) of the Borrowers and Lenders Act.

Regulation,Tax & Compliance