Managers of Wealth Africa

CBN may increase interest rate this year, says report

According to the report, a large fiscal borrowing plan and higher political risk premiums are expected ahead of the 2023 general elections.

Uganda tax body struggles to hit targets

In real terms, this reflects a revenue growth of $702.14 million

Bain & Co, Nedbank deny facilitating corruption in SA

Bain was implicated in misconduct related to its dealings with the country’s tax agency, while the Zondo Commission raised concerns around Nedbank’s interest swaps agreement with the Airports Company South Africa, which involved Regiments Capi

Switzerland refusing to return money of South African victims in R4 billion pyramid scheme

The South African Reserve Bank deemed TVI an unlawful scheme in 2011 and appointed attorney Johan Kruger as an inspector to investigate and take action.

Banque Zitouna Obtains Bct's Approval to Operate As Resident Payment Institution

It also sets out the requirements and conditions necessary for the granting of final authorisation.

Clyde & Co defeats billion dollar ICSID claim for the Republic of Cameroon

The Republic of Cameroon also argued that this case constituted a clear abuse of right of ICSID proceedings and also contested the authenticity of a number of documents that Claimant produced during the proceedings.

Zondo wants probe into Nedbank's conduct - but bank denies wrongdoing

Netbank and Standard Bank both had separate interest rate swap contracts with Acsa, which were negotiated via Regiments.

Banking Industry Credit Rises to N23.5trn as MFBs, OFIs Disbursed N2.8tr Loans in 2021

Nigerians, who otherwise would not have been able to access credit from the formal market have been able to benefit from the intervention funds.

Kenya Strikes Deal to Expose Billionaires Hiding Wealth Abroad

The deal is expected to expose the secret haul of hidden wealth by powerful individuals who held plum positions during the Moi-era.

2021: Shortage of funds sees banks’ borrowing hit N26.9trn

The amount represents a 233 per cent increase.

Banking regulators seek new rules to protect depositors of failed lenders

Mohamud said assets and liabilities of each bank will be reviewed regularly to ensure the finances are healthy and that customer deposits are well covered by assets.

KENYA: Regulation of Digital Lenders

The Act also provides that the CBK will make regulations necessary to give effect to the Act.

No Debt Relief for Zimbabwe Unless it Clears World Bank Arrears – IMF

The government announced last week that external debt grew to US$13.7 billion in September, up from roughly US$10.7 billion the previous year.

Why EAC states should urgently resolve thorny double taxation

This is because taxation is central to economic growth in relation to infrastructure development, service delivery and wealth creation.

SA’s ‘future state bank’ risks losing Payment System access because of Sassa security issues

The Postbank started handling payments of social grants for the South African Social Security Agency (Sassa) in 2018. Nearly a year later, "serious irregularities" were found on the Sassa-branded cards the bank had issued.

Sustaining Battle against Monetary-induced Inflation, CBN Debits 18 Banks N178.3bn over Violation of CRR Threshold

A top director in a Tier-II bank exclusively disclosed to THISDAY that the apex bank every week debited banks and merchant banks for not meeting the 27.5 per cent CRR threshold.

SEC begins charging regulatory fee on fixed income transactions

These rules empower the SEC to levy, among others, fees on transactions relating to investments and securities business in Nigeria.

Mauritius: Key legislative amendments to make the banking and finance sector more attractive to investors

The objective of the amendments is to strengthen the development of key sectors, such as innovation in terms of fintech and regtech.

InfraCorp to raise N14trn from local, foreign debt markets – CBN

The apex bank said more than 50 per cent of the fund to be raised would come from local debt market, adding that the instrument would be mostly in naira.

How Fidelity Bank is Fostering Financial Inclusion

To better the statistics of its people living below the poverty line, there need to be drastic measures set in place to change lives positively.

Regulation,Tax & Compliance