Managers of Wealth Africa

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)

Cryptocurrency carries risks and advantages for Africa

Transactions rely on the internet, which means they can happen anywhere in the world.

PenCom set to verify 2019 retirees

According to her, the commission decided to enlighten them on the enrolment exercise and documentation requirements, accessing retirement and terminal benefits under the CPS and life after retirement.

Why Tanzania is now haven for secret offshore accounts

Not signing MATM means Tanzania is not obliged to providing financial information on companies or individuals with funds in Tanzanian banks and financial institutions.

South Africa’s Absa Group targets Nigerian banking license

Klintworth said that it is important Absa has a presence in Nigeria for the bank to be looked at as an African bank in Africa that provides regional relevance.

Mauritius is the new property ‘hot spot’ for foreign investors

The country ranks 25th internationally in the World Bank’s table for the ease of doing business, and is one of Africa’s fastest-growing economies.

South African Central Bank Pilots Blockchain Settlement Solution Via JP Morgan

This report came only months after the Bank of England launched a similar investigation into blockchain technology

Wealthy Kenyans With Billions Hidden in Offshore Accounts Rush to File Returns Ahead of Amnesty Deadline

Treasury promised that KRA would not trace the source of wealth declared and returned during the amnesty period.

African Development Bank President in São Tomé and Príncipe to strengthen alliances

To help promote a competitive financial sector, the President of the African Development Bank launched the Payment System Infrastructure and Financial Inclusion Project (SPAUT) on Monday.

Sadc states urged to have unity of purpose to achieve financial inclusion

The Sadc Bankers’ Association, which is housed at the South African Reserve Bank, targets to fully harness the United States dollar to the settlement system in all member states by October

Kenyan officials to face fresh vetting in graft clampdown

The officials had been “instructed to step aside with immediate effect”.

Regulation,Tax & Compliance