Managers of Wealth Africa

Uganda stops use of Kenyan currency

The CBK also suspended currency conversion and repatriation of Kenyan currency.

South Africa: Reserve Bank Official - 'It Is Unclear If, or How, Standard Bank Missed the Gupta Red Flags'

Standard Bank was among the country's major financial institutions that dumped the Guptas and related companies amid the growing State Capture scandal in 2016

Nigeria: AfDB Invested $1bn On African SMEs, Others - Adesina

The theme of this year's meetings is 'Regional Integration for Africa's Economic Prosperity'.

ABX wins approval for crypto asset exchange and custodian

Hirander Misra, chairman and CEO at GMEX Group and vice chairman at Arabian Bourse, believes that the partnership will bring proven market expertise and technology, with a deep understanding of the exchange landscape in the Middle East.

Debt servicing gulps over 50% of Nigeria’s revenue — AfDB

It added that with the increasing domestic debt burden, the percentage of revenues spent on debt servicing in Nigeria was even higher.

CIH Bank plans to expand in Africa

One of such projects is the digitalization of CIH Bank’s services.

South African Antitrust Regulator Readies Move on Rand-Rigging

Standard Bank’s South African unit, Bank of America Merrill Lynch International Ltd. and Standard New York Securities Inc. all said the traders the commission accused of manipulation on their behalf had either never worked for them or never traded t

Canopy by Hilton set to debut in Africa

It currently operates in nine destinations around the world with more than 35 properties in the pipeline, aiming to guarantee travelers unique and authentic experiences.

Finance Minister Tito Mboweni slammed over Reserve Bank mandate

This resulted in Magashule being publicly accused of "lying and causing policy uncertainty" by Mboweni - a former Sarb governor - and ANC economic transformation head Enoch Godongwana.

National Treasury director-general on digital tax plan

Meantime, China’s central bank governor Yi Gang has kept a low profile during the meetings here, but he was spotted earlier Sunday.

Dangote seeks law promoting gender equality

The President/Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote, has called for law promoting gender equality in the country.

IOSCO Publishes Recommendations on Sustainable Finance

The report explores the trends and challenges that influence the development of sustainable finance in emerging capital markets.

Policy uncertainty continues over mandate of S. African central bank

The SARB was put under the spotlight on Tuesday when ANC Secretary General Ace Magashule said the ANC’s national executive committee (NEC) had agreed to expand the mandate of the SARB to allow it to focus on economic growth and employment instead of

Mauritius: an emerging jurisdiction for ship registration

Mauritius has the infrastructure and incentives to be an alternative jurisdiction of choice

Kenya’s new plan to wipe out financial criminal enterprise faces a litmus test

That decision came in the form of an order withdrawing from circulation the Ksh1,000 note by October 1 — giving holders of the notes 90 days to comply.

UPDATE 1-Tanzania central bank cuts reserve requirement to lift lending

Some investors say that the policies of President John Magufuli’s government have made it harder for them to operate in the gold-producing country since he was elected in 2015.

Steinhoff, Tongaat Woes Raise South African Auditor Scrutiny

While auditors are expected to reassure the public that the financial statements they have signed off are reliable, the standards used don’t require them to uncover wrongdoing. That may be set to change.

Sh4bn allocated to technical learners in revised Budget

The allocation allays fears that thousands of TVET students would drop out of school after the Treasury said in January it could only provide Sh300 million for student loans against the Sh3.6billion required to sustain them in the institutions.

S. African president reassures jittery investors about central bank independence

But Magashule's remarks were refuted by ANC's economic transformation head, Enoch Godongwana, who said the ruling party had not taken a decision to expand the mandate of the SARB.

Implementation of tax transparency initiative delivering concrete and impressive results

Voluntary disclosure of offshore accounts, financial assets and income in the run-up to full implementation of the AEOI initiative resulted in more than EUR 95 billion in additional revenue for OECD

Regulation,Tax & Compliance