Managers of Wealth Africa

KCB cleared to acquire stake at Imperial Bank

To this effect, its bid has been accepted subject to completion within 14 days of the announcement.

Central bank introduces new coins

Of note is a decision to do away with the Sh40 denomination coin that was introduced by former President Mwai Kibaki, and conspicuously bore his image.

New legislation outlines rules for how South African banks should be treating customers

The two new authorities are the Prudential Authority which manages prudential risk

EAC in crackdown on illegal forex trading

Bank of Tanzania carried out a six-month investigation into the illegal business

Paying attention to trust structures can avoid surprises

Constantly changing tax laws and a greater scrutiny of trusts by tax authorities worldwide mean that South African trust structures need to be reviewed regularly

Pension: PenCom Adopts Risk-based Supervision To Promote Risk Mgt

Stating that risk management is essential to the growth and credibility of the pension industry, he added that, adherence to the ethics and professionalism of the pension sector will limit exposure of operators to risk.

IPEC endorses policyholder security

IPEC’s remarks come as Treasury plans to establish a Policyholder Protection Fund (PPF), administered by an Independent Board of Trustees meant to create a pool of resources similar to the Deposit Protection Fund.

UK Serious Fraud Office ends first deferred prosecution agreement with a South African bank

The DPA required Standard Bank to pay fines and disgorgement totaling almost $26 million, pay an additional $6 million to compensate the government of Tanzania, and hire an external compliance consultant.

Reverse deductions, pay pension arrears, ARFESPON tells FG

President of Lagos Chapter of ARFESPON, Mr Olufemi Odewabi, while speaking on the outstanding arrears, stated that it was painful to the pensioners that government had decided to turn deaf ears to the calls for payment of members huge outstanding arrears.

Here are your new banking fees for 2019

The calculations are based on a R500 transaction, which the banks have said is the most common range for cash-based transactions in the country.

SEC bans stockbrokers from guaranteed investments

According to the amendments, dealing members are not expected to enter into any relationship with a client based on a guaranteed return to the client

CBRE and Excellerate Announce Plans for Africa and Middle East Joint Venture

The formation of CBRE Excellerate is subject to customary closing conditions, including government approvals, and is expected to be completed in the first half of 2019.

Crypto to Get Regulatory Certainty in South Africa in Payment System Review

“[Seeks to] Allow/enable new or unregulated service providers, services, systems and instruments (e.g. virtual currencies, distributed ledger technologies and fintech companies)” one of the recommendations made reads.

A South African's guide to moving to and making it in Malta: A mark, a yen, a buck or a pound

The move had come after a joint inspection and audit by the MFSA and Financial Intelligence Analysis Unit had found shortcomings in the bank’s anti-money laundering procedures.

How Nigeria can attract and keep the right kind of foreign direct investment

Analysts are concerned that the Nigerian government’s attitude towards MTN and the two banks may erode the confidence of foreign direct investors.

Emerging central banks notch up 7th straight month of rate hikes

The bank has now hiked rates by more than 4 percentage points since January.

Nigeria's Diamond Bank lifted by new licence

Late on Friday it said that the central bank had approved a new licence limiting its operation to Nigeria after the disposal of foreign assets, including its British units, which would reduce its capital requirement.

Mauritius tax authority issues guidance on place of effective management

The majority of the Board of Directors’ meetings must be held in Mauritius, or the executive management of the company must be regularly exercised in Mauritius.

SBTC: Bank of Ghana to make provisions to regulate the financial system

The Blockchain Conference was aimed at creating awareness and network with peers, create a good policy environment for Blockchain technology to flourish, knowing the policy issues, meeting stakeholders and share best practices, having first-hand demos on

Deloitte should not have missed African Bank red flags, says auditing board

The Independent Regulatory Board for Auditors says the firm ignored warnings on an overestimation of cash flows

Regulation,Tax & Compliance