Managers of Wealth Africa

How Kenya’s Central Bank is holding back digital currencies

We have been working closely with the Nigerian Central Bank and have a great dialogue with other Central Banks in East, Central and West Africa.

Moroccan Attijariwafa Bank, Japanese Sumitomo Corporation Team up for Africa’s Development

The agreement will also enable Sumitomo Corporation to have access to the network and expertise of Attijariwafa bank group

Zimbabwe: Land Barons Face Comeuppance

Government has already agreed to the split of the two entities, and the two parties have since constituted teams that will lead in the negotiation process.

There is Adequate Safety for Pension Contributions

It is best to start saving for retirement when one is young.

With Anti-graft Treaties, Noose Tightens on Looters

The agreements to be ratified are the pact on mutual legal assistance in criminal matters, the agreement on mutual legal assistance in civil and commercial matters, agreement on the transfer of sentenced persons and extradition treaty.

Indigenisation snag stalls Barclays deal

The review of the deal has been completed and there are no adverse findings.

South African watchdog ends talks with banks over forex probe

The Commission launched the investigation in April 2015, joining a global clamp down that has led to big banks being fined around $10 billion in total

Morocco ready to use ECOWAS’ single currency once adopted

There is also the Bank of Africa group (BOA), which is present in eight member-states of the West African Economic and Monetary Union (WAEMU)

HCI unit may dismiss KPMG as auditor over Gupta links

Grant Thornton, which is not one of the big four audit firms, audits most of the companies in the HCI stable.

Isle of Man strengthens Commonwealth connection

The Commonwealth Enterprise and Investment Council brings government heads and business leaders together to promote trade and investment across the Commonwealth

Nigeria's UBA makes provision on loans to 9mobile

"We have taken a general loan loss provision on Etisalat," UBA Chief Executive Kennedy Uzoka told an analysts call.

India: Protocol For Amendment Of Indo-Mauritius Double Taxation Avoidance Treaty

The Ministry of Finance, Government of India, has issued a Press Note dated May 10, 2016 that marks a turning point in India's venture with tax avoidance.

Access Bank redeems $350m Eurobond

The implementation of a disciplined capital and liquidity plan ensured that the bank was proactive and focused on raising capital in the international market.

Taxpayers get time bump-out for undisclosed foreign assets

Practitioners advise against waiting until the last minute.

SACP slams Guptas over bid to 'expatriate yet more ill-gotten wealth'

Last week the Guptas, President Jacob Zuma’s personal friends, announced the sale of their media empire including 24-hours news channel ANN7 and The New Age newspaper to their ally

Nigeria to offer liquidity support to boost Islamic banking

Nigeria's banking industry is dominated by lenders offering conventional products.

Foreign assets and estate planning: What to consider

Forced succession may come into play.

Nigeria to offer liquidity support to boost Islamic banking

Nigeria’s banking industry is dominated by lenders offering conventional products.

S African expats must assess tax liability before September

If the proposals are enacted in their current form, expats living and working in countries where tax is not paid on their earnings will have to start paying up to 45% of the sum to the South African Revenue Service

Angola to return to eurobond market through Russian bank VTB

The presidential order quoted by Portuguese news agency Lusa said, “as it is necessary to start work to investigate raising external financing through sovereign bonds of the Republic of Angola, the debt refinancing strategy with the VTB bank is appr

Regulation,Tax & Compliance