Managers of Wealth Africa

Easing access to forex through e-Form A

More often than not (and this has been proven to be true), Nigerians seeking to travel overseas and seeking to obtain dollars, or pound sterling, including the Euro

Michael Katz awarded Chambers Lifetime Achievement Award

The Chambers Lifetime Achievement Award recognises and celebrates outstanding legal careers of global stature.

Being on top of Ultimate Beneficial Ownership Compliance

While for lawmakers it is still a field for further discussion, companies in different jurisdictions are required to be compliant with the UBO laws already set out.

Standard Chartered Bank to close half of its branches in Nigeria

The closure means just 13 branches of the bank will be up and running ultimately, compared to around 25 operating before the move.

Interest Rate: 12 Banks Borrow N9.81trn from IFC, ADB, CBN, Others in 3 Years

Other banks that have access funds from these international financial institutions and CBN are; Access Bank Plc, Zenith Bank Plc and FBN Holdings Plc.

Mauritius officially off the EU list of high-risk third countries

On the basis of the recent removal of Mauritius from the FATF grey list achieved through firm commitment and prompt implementation of the FATF action plan, the Commission has concluded that Mauritius do not have strategic deficiencies anymore in its AML/C

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.

Regulation,Tax & Compliance