Managers of Wealth Africa

Auditor-General continues to push for accountability

Irregular expenditure and supply chain mismanagement still rampant.

Kenyattas, Co-op CEO top in Sh17bn bank dividends

The Kenyattas are set to receive Sh326 million for their combined 13.2 percent stake in NCBA Group , which has proposed a payout of Sh1.5 per share.

Nigeria's Access Bank buys $60 million stake in South Africa's Grobank

Access is restructuring itself into a holding company and has received approval from Nigeria’s central bank.

New lockdown rules threaten businesses looking for Easter weekend boost in South Africa

The food and beverage sector did not fare much better, with a decline of -36.1% in total income generated in the same period, it said.

Another step forward for Access Bank agreement with GroCapital

“We are excited about joining the Access Bank family and look forward to contributing meaningfully to the achievements and ambitions of the Group.”

This popular Golden Visa programme is changing – here’s what South Africans should

Instead, residential property investment will be directed to less-densely populated interior regions, the Azores and Madeira.

SA’s first women-owned mutual bank gets approved by the South African Reserve Bank

Nthabeleng Likotsi, founder of the Young Women in Business Network (YWBN), has made history as she became the spearhead of the first majority female owned financial institution in the country to be granted a permission by the South African Reserve Bank.

SEC issues new rules for warehouse, collateral management

Other requirements are that the warehouse should have appropriate security arrangements in place

SARS is on a massive recruitment drive – including a director for high wealth individuals

The group said that its ‘Vision 2024’ is to build a ‘smart modern tax authority’, looking for specialised skills

EU set to remove Ghana from money laundering and terrorist financing list

The European Union on May 7, 2020 announced that it put 12 countries on the list of places with weak or deficiencies in Anti Money Laundering and Terrorism financing laws.

Businesses propose ‘alternative’ level 2 lockdown restrictions for Easter

Instead, the South African Liquor Brandowners Association (SALBA) has presented its own ‘alternative’ lockdown proposals, which it said will deal with short-term pressure on hospitals during the next Covid-19 surge, while maintaining economic

Afreximbank, NEXIM plan $50m project preparation fund for Nigerians

“In addition to enhancing bankability, the Fund will, on a case-by-case basis, undertake feasibility studies to assess the viability of accessing markets in the sub-region, thereby promoting intra-African trade under the AfCFTA.”

AfCFTA: FG to establish remedies authority to tackle fraudulent invoicing

According to him, Lagos State Government will explore all the opportunities inherent in the AfCFTA to grow its revenue and GDP base and create employment for the youth.

Public invited to comment on the draft regulations on non-binding advisory opinions

The draft regulations make it clear that any advisory opinion issued is intended to be “non-binding”

Stanbic IBTC to Pay N39.982 Billion Dividend for 2020 Financial Year

Stanbic IBTC Holdings on Wednesday declared a final dividend of 360 kobo per ordinary share of 50 kobo each, representing a total of N39.982 billion, for the financial year ended 31, December 2020.

Land expropriation threatens to destabilise South Africa’s banking sector

Many banking crises around the world have as their starting point the decline in land-based property and the impact that this has on market confidence.

Afreximbank, NEXIM Bank Unveil Initiative to Support Nigeria’s Exporters

The fund would assist the early development process of projects from concept stage to bankability

Nigeria Loses $18bn Yearly to Money Laundering, Others - CISLAC

A case in point, according to him was the ongoing corruption in investor state arbitration between Process and Industrial Development (P&ID) versus Federal Republic of Nigeria.

Time to Stop Illicit Financial Flows

A quick review of the global statistics on frauds and corruption shows that the damage suffered by African countries due to frauds, embezzlement, economic crimes, financial crimes and corruption is estimated at about 25% of the combined annual budgets of

CBN threatens banks, to create complaint desk

Emefiele also explained that the nation has not changed its foreign exchange management policy, as the apex bank has continued to adopt the managed-floating strategy.

Regulation,Tax & Compliance