Managers of Wealth Africa

New products, standards buoy Islamic trade finance business

Some firms are now introducing digital Islamic trade finance platforms, including Emirates Islamic Bank which has launched an online supply chain tool, CIBAFI said.

Kenya named among world's biggest tax havens where the rich hide wealth to evade taxes

Tax Justice Network cited Nairobi International Financial Centre as Kenya's tax haven

70% of Kenyans have been victims of digital financial transaction fraud

Joining CNBC Africa is Fabien Delanaud

Future of Kenya’s small banks murky as bigger rivals swoop on projects

Kenya's central bank is quietly engaging the small lenders in merger and acquisition talks to help them voluntarily close shop.

Ugandan banks are unhappy with multiple Sharia boards requirements

They are, instead, suggesting a joint Shariah board to serve the entire industry under a cost-sharing arrangement

TEF Partners French Development Bank On Entrepreneurship

To young African entrepreneurs: never listen to people who are telling you to wait

Unified sharia board poised to maximise benefits of Islamic banks

There is need for more awareness to ensure that the public both Muslims and non-Muslims are aware about Islamic finance

Angola’s National Bank cancels authorisation granted to Ecobank Transnational

The aim, he said at the time, was to strengthen the network in Portuguese-speaking countries

BoG limits reappointment of Directors, CEOs of insolvent banks

Amongst others the directive sets the framework which helps in determining whether a person is fit to be a director, a significant shareholder or to hold a key management position within the organization.

Kenya, Switzerland sign pact to return stolen wealth

The framework, which is in line with the United Nations Convention against Corruption, provides the principles to guide the recovery of stolen assets.

Central bank urges financial operators to diversify products

At present, we do not have many operators today that are pushing that form of insurance

FPI withdraws from running regulatory exams

Cites the need to tighten controls.

State Bank of Mauritius on spot for plotting to cover up Imperial Bank KSh 38 billion theft

In 2017, CBK had rejected the offer by SBM to help rescue Imperial Bank just after it was put under receivership.

OECD launches programme in Abidjan to support Côte d'Ivoire in implementing new international tax standards

A support programme for the implementation of the transparency and exchange of information standards for tax purposes was also launched, including a three-day on-site preparatory visit (from 4 to 6 July 2018) to Côte d'Ivoire's assessment

RBZ Governor: Zim Central Bank Open To Investigating Blockchain Solutions

I did not say cryptocurrencies because it is lower than blockchain

Kaduna govt lists 10 banks marked for closure over N2.3bn tax

Some of them supplied part of the information, others did not, so what we did was, we now called a meeting to reconcile our position with them.

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

Regulation,Tax & Compliance