Managers of Wealth Africa

Moyo: Old Mutual director's resignation isn't a coincidence

Old Mutual has prevented him from resuming his duties despite the initial court order, in a move that has created a protracted legal and corporate impasse.

UN, African Development Bank High-Level Meeting calls for Speed and Action on Sustainable Development Goals

The meeting, convened by the African Development and the United Nations, is "the first of its kind" between the two institutions taking place at the UN Headquarters, UN Deputy Secretary General Amina Mohammed said.

Banks still net job creators says industry body as strike looms

The planned strike on Friday against job losses is being organised by South African Society of Bank Officials, which boasts of having 50 000 members.

Fired Old Mutual CEO Moyo Seeking New Ways to Get Back to Work

Moyo at the end of July successfully challenged the insurer’s decision to dismiss him, and has also filed an application to hold the company and its directors in contempt of court.

Islamic finance is an opportunity for Africa – Moody’s

With $500m worth of sukuks issued in Africa over the past year, Moody’s points out that the continent accounts for only 0.5% of the world’s sukuks in circulation

Why new CRB listing rule signals costly digital loans

The rule exerts pressure on lenders, which are likely to, in turn, react to minimise the possible risks that may come along with.

Late Mugabe’s estate: The skeletons are also hiding

Either the ex-president had a fabulous genie that has managed to splendidly hide all that wealth, or there is none, or something.

Tanzania fines Kenyan banks for flouting rules

The Bank of Tanzania (BoT) said in a statement the fines were imposed “for failure to conduct proper customer due diligence and file suspicious transaction reports to the (state-run) Financial Intelligence Unit (FIU).”

Joint declaration by the African, Caribbean and Pacific group of states and the European Union on the 2030 Agenda and the Sustainable Development Goals implementation

With the underlying “leaving no-one behind” principle, the Sustainable Development Goals (SDGs) are universal and indivisible

Standard Bank signs UN Principles for Responsible Banking

The Principles align with Standard Bank’s purpose: to drive Africa’s growth and uplift her people by doing business the right way.

South Africa: VAT treatment of tax compliance services provided to employees

Tax compliance services provided to employees—at the cost of the employer—will be subject to value added tax by the employer if supplied to the employees in the course of business.

New KRA rules slam doors on tax cheats seeking arbitration

Under the draft regulations published for public review last week

Bank of Tanzania fines five banks over money laundering related transactions

The Bank of Tanzania has imposed monetary penalties on five banks for breach of regulations 17, 22 and 28 of the Anti-Money Laundering Regulations

Brexit-proof Guernsey reaches all four corners of the globe

Standards of service are also a factor of growing concern. More than half of managers say that they consider service levels to be extremely important, and that may influence a change of jurisdiction.

Court declines to freeze Humphrey Kariuki’s accounts

State prosecutor Catherine Mwaniki had urged the court to order a status quo by directing the companies whose accounts had been frozen not to remove the monies therein.

MPs oppose interest rate cap repeal

The MPs debating the bill said they are opposed to repealing interest rate caps.

Nigerian Central Bank Impose Service Charges on Cash Deposits, Withdraws

The statement further stated that the new charges would be in addition to existing charges on withdrawal effective from September 18, 2019.

South African rand flat as central bank seen holding key rate

South Africa’s inflation outlook has been relatively benign, with price rises well within the SARB’s 3%-6% target range.

First National Bank Ghana Limited introduces agency banking

The agency banking service is part of the bank’s strategic plan to expand its reach in Ghana without the need to open brick and mortar branches.

Linklaters advises GSEZ Ports on the refinancing of the New Owendo International Port project by the EAIF and the AfDB

The port’s expansion comprises the construction, operation and maintenance of a new 500 metre-long main berth

Regulation,Tax & Compliance