Managers of Wealth Africa

Group petitions President Buhari over alleged fraud in PENCOM

The Alliance urged the present management “to immediately establish an edifying procedure

Guernsey regulation works for South African investment vehicle

APBL is incorporated in Guernsey and listed on the Bermuda Stock Exchange, offering investors regulatory protection across a number of jurisdictions.

Reserve Bank and Treasury pushed for smaller African Bank fine

It prompted a call by DA spokesman for trade and industry Dean Macpherson for an investigation into the matter by Parliament’s trade and industry committee.

South Africa budget increases wealth tax

Both measures will take effect on 1 March.

Africa addresses anti-corruption compliance culture

Rapinet made reference to his firm’s research – Steering the Course – on anti-corruption compliance

South African Reserve Bank plans to regulate cryptocurrencies, possibly FinTech

The South African Reserve Bank (SARB) has a responsibility to promote a sound and effectively regulated financial system. The SARB therefore takes a balanced approach to technological innovations, considering the potential benefits and risks of each innov

Malaysia To Share Islamic Finance Experience With West African States

Head of the organising committee Mouhamadou Lamine Mbacke was quoted in the statement as saying that there was massive potential for Islamic finance in the region, given its undeveloped status, the report said.

New Pan African property fund lists on JSE

Property is a staple in any investor’s portfolio and hence we have listed this product to make it easier for people to own African property,” said Maurice Madiba, CEO of Cloud Atlas Investing.

Court summons Access Bank CEO over ‘fraudulent withdrawals’ from NIJ Provost’s account

When contacted, documents show that the new withdrawals were reversed but the ones effected earlier in November were not reversed.

Uganda readies for Islamic banking takeoff, apex bank to publish rules

Islamic finance institutions operate according to religious principles

Standard Bank, UnionPay International partner for Chinese to transact in Africa

Standard Bank is also the first African bank to receive the license to issue UnionPay cards in South Africa.

BitPesa plans to launch in SA by Q2 this year

CEO Elizabeth Rossiello hopes to start operations in South Africa this year.

Law watchdog broadens inquiry into claims of Hogan Lovells misconduct in South Africa

The claims have been made in a memo sent to the SRA by Paul O’Sullivan, a private investigator, at not-for-profit Forensics for Justice.

MBCA to change name to Nedbank Zimbabwe

The bank will adopt its parent’s name, Nedbank.

Now Nigeria’s state of Lagos to roll out mandatory health insurance

“What we will make sure of is that the system must be able to determine specifically how to measure the level of poverty, so that the poor will truly benefit from the scheme.”

Need for new approach to social security in Rwanda

Membership to the Rwanda Social Security Board is mainly in the formal sector with a coverage estimated at below 10% of the population.

Pension liberalisation bill unlikely to be passed in 2018

This will increase the percentage of resources from domestic resources used to finance the national budget

Britain’s StanChart bails out Zim govt

The clearance of arrears could also result in possible debt treatment by the Paris Club and non-Paris Club bilateral creditors through an IMF financing programme.

Kenya not yet ready for more accommodative policy – Njoroge

“The committee noted that there was some room for accommodative monetary policy in the near term, as well as the risk of perverse outcomes,” Patrick Njoroge said in a statement published after the meeting.

NITEL retirees laud FG over ongoing pension verification

Newsmen further reports that the exercise brought some hundreds of NITEL retirees together at the centre.

Regulation,Tax & Compliance