Managers of Wealth Africa

How South Africa will tackle cryptocurrency regulation

As activity in cryptocurrency trading is increasing, so is the risk of exploiting these instruments for ambiguous or illegal purposes

Kenya’s Biggest Bank Says Ethiopia Is Ready for ‘Take-Off’

It might not have to wait much longer.

South African Central Bank Tested Bank-To-Bank Payments Using Cryptocurrency

The pilot project contained a variety of server types, including public cloud services from Microsoft Azure and Amazon Web Services.

Kenyan banks tighten the noose on transaction of over KSh 10 million

Transactions of between KSh 1 and 10 million will now be approved by branch managers

Mercantile Bank names top suitors

Solid institution up for sale only because Portuguese parent bank Caixa has been told to limit its overseas investments

After VAIDS comes Sanctions:

Tax evasion is a crime punishable upon conviction by imprisonment of up to 5 years, while the taxpayer is still liable to pay the tax due with interest and penalties.

Kenya Bankers Association tightens rules for high value transactions as war on graft hots up

CBK already has clear guidelines and regulations on Anti-Money Laundering and Counter Financing of Terrorism

FCMB’s UK Subsidiary Expands Banking Proposition

Our successful UK platform has proven to be of great importance to the Nigeria

FG boosts pension arrears with N22bn

The approval will enable the agency in charge of the disbursement, Pension Transitional Arrangement Directorate (PTAD) fill some gaps by paying those captured under the Defined Benefit Scheme (DBS) when the money is eventually released.

Rotich beats retreat in bid to launch new banking watchdog

The Financial Markets Conduct Bill the Finance ministry published last month proposes to create a regulator in addition to the Central Bank to deal with the conduct of lenders.

Credit crunch to stay as banks harden stance on loan security

The move will further hurt small enterprises and other humble borrowers.

Vaids - Lessons to Learn From Tax Amnesty

This estimate implies space for additional tax collection of 12 per cent of gross domestic product (GDP) since the current tax revenue-to-GDP is about six per cent.

Lagos Workers To Get Gratuity Three Months After Retirement Soon

Under the new regime, retirees will be paid their gratuity (lump sum) within three months after retirement.

FG pays N67.5bn to pensioners in 9 months

The figure, which increased by N500 million from the initial N7 billion is, however, likely to go up again following last year’s verification exercise conducted nationwide by the directorate.

Kenyatta orders massive audit of civil servants, their wealth

So far, more than 40 government officials, including businesspeople, have been arrested over the recent scandals.

Rotich eases rules on return of wealth stashed abroad

The law requires them to declare the source of their wealth to the Financial Reporting Centre, the anti-money laundering agency.

Liberia signs convention on mutual tax administration

Liberia has signed the Convention on Mutual Administrative Assistance in Tax Matters, as amended by the Protocol amending the Convention on Mutual Administrative Assistance in Tax Matters at the Organization for Economic Cooperation and Development (OECD)

Regulation,Tax & Compliance