Managers of Wealth - Africa http://africa.managersofwealth.com/ Thu, 28 Oct 2021 14:25:41 BST part of MediaG8way Group http://africa.managersofwealth.com/ http://africa.managersofwealth.com/assets/images/logo.png Managers of Wealth - Africa KohanaPHP Explored: the role of a facility agent News Team Tuesday, October 26, 2021 1:00 am http://africa.managersofwealth.com/article/32383/explored-the-role-of-a-facility-agent The capital markets are also subject to a growing number of stringent regulations and transacting parties need to effectively manage potential conflicts of interest Wealth and Asset Management Nigerian Billionaire Emerges First Bank Major Shareholder News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32366/nigerian-billionaire-emerges-first-bank-major-shareholder Mr Otedola, who has interest in power, nows owns 5.07 per cent of the company. Wealth and Asset Management The race for SA's best asset manager heats up with Stanlib and JP Morgan partnership News Aggregation Team Thursday, October 21, 2021 1:00 am http://africa.managersofwealth.com/article/32341/the-race-for-saamp039s-best-asset-manager-heats-up-with-stanlib-and-jp-morgan-partnership JPMAM is one of the largest asset management firms in the world with assets under management of US$2.7 trillion at the end of June 2021. Wealth and Asset Management Nigeria seeks participation in $1.2 tr global luxury travel market News Aggregation Team Thursday, October 21, 2021 1:00 am http://africa.managersofwealth.com/article/32336/nigeria-seeks-participation-in-12-tr-global-luxury-travel-market In the last few years, Nigerians spent over $6.5billion on business jets, making it the largest market in Africa for luxury aircraft and one of the fastest growing in the world. Wealth and Asset Management South African Diamond Billionaire Opens Family Office in Singapore News Aggregation Team Wednesday, October 20, 2021 1:00 am http://africa.managersofwealth.com/article/32313/south-african-diamond-billionaire-opens-family-office-in-singapore The family office’s ex-chief of staff Edoardo Collevecchio will relocate from London to Singapore to build and lead the team. Wealth and Asset Management Credit Suisse Group announces settlements for legacy issues with regards to Mozambique and resolves the case on past observation activities News Aggregation Team Wednesday, October 20, 2021 1:00 am http://africa.managersofwealth.com/article/32314/credit-suisse-group-announces-settlements-for-legacy-issues-with-regards-to-mozambique-and-resolves-the-case-on-past-observation-activities Ad hoc announcement pursuant to article 53 LR Wealth and Asset Management Spotlight on succession planning in Africa News Team Tuesday, October 19, 2021 1:00 am http://africa.managersofwealth.com/article/32312/spotlight-on-succession-planning-in-africa The next generation of African entrepreneurs could lead to a maturing of the continent's family office sector, explain Directors, John Félicité and Kenny Curpen. Wealth and Asset Management Pandora Papers: Ex-governors, ex-minister, others kept N117 billion assets in two tax haven banks News Aggregation Team Tuesday, October 12, 2021 1:00 am http://africa.managersofwealth.com/article/32253/pandora-papers-ex-governors-ex-minister-others-kept-n117-billion-assets-in-two-tax-haven-banks A huge chunk of the assets was kept with Standard Chartered Bank in Jersey and Standard Bank Offshore in the same city. Wealth and Asset Management Pandora Papers: Inside Zimbabwean tycoon Billy Rautenbach's offshore family trust News Aggregation Team Monday, October 04, 2021 1:00 am http://africa.managersofwealth.com/article/32185/pandora-papers-inside-zimbabwean-tycoon-billy-rautenbachamp039s-offshore-family-trust It started with a marriage settlement. Wealth and Asset Management Sanlam to Sell UK Wealth Businesses News Team Monday, September 20, 2021 1:00 am http://africa.managersofwealth.com/article/32076/sanlam-to-sell-uk-wealth-businesses This transaction is expected to complete during the first quarter of 2022. Wealth and Asset Management Cameroonian-born John Mokom takes over the management of Standard Chartered Côte d'Ivoire News Aggregation Team Friday, October 22, 2021 1:00 am http://africa.managersofwealth.com/article/32350/cameroonian-born-john-mokom-takes-over-the-management-of-standard-chartered-campocircte-damp039ivoire He is helping promote Cameroon's expertise in the world of finance Executive Moves SARS appoints Eskom exec to head up high-net-worth tax unit News Team Tuesday, October 19, 2021 1:00 am http://africa.managersofwealth.com/article/32302/sars-appoints-eskom-exec-to-head-up-high-net-worth-tax-unit "Her appointment is most opportune, as it coincides with a number of recent reports that affect this important segment of taxpayers, including the recently released Pandora Papers," it said. Executive Moves Oscar Onyema resigns from NGX board News Aggregation Team Friday, October 15, 2021 1:00 am http://africa.managersofwealth.com/article/32278/oscar-onyema-resigns-from-ngx-board "NGX owes its solid foundation to the effort of leaders like Mr Onyema, who worked tirelessly to build a capital market infrastructure we can be proud of." Executive Moves HSBC appoints new MENAT head of advisory and investment banking News Aggregation Team Monday, October 11, 2021 1:00 am http://africa.managersofwealth.com/article/32240/hsbc-appoints-new-menat-head-of-advisory-and-investment-banking Jon Connor has 23 years of experience in investment baking, including 15 years in HSBC in Asia and Europe Executive Moves Ocorian Mauritius chosen as administrator for first ever fund established in Ivory Coast News Aggregation Team Friday, October 08, 2021 1:00 am http://africa.managersofwealth.com/article/32221/ocorian-mauritius-chosen-as-administrator-for-first-ever-fund-established-in-ivory-coast The mandate emphasises Ocorian’s, a global leader in fund administration, capital markets, corporate and fiduciary services, continued commitment to supporting African entities in their pursuit of growth on the continent. Executive Moves Former State Street and BNY Mellon Executive, Joins Fundguard as President News Team Friday, October 08, 2021 1:00 am http://africa.managersofwealth.com/article/32222/former-state-street-and-bny-mellon-executive-joins-fundguard-as-president Lehner to support global clients and product teams working to transform investment management and asset servicing industry through the use of AI and cloud-native platforms Executive Moves SBM Bank to layoff employees News Aggregation Team Thursday, October 07, 2021 1:00 am http://africa.managersofwealth.com/article/32216/sbm-bank-to-layoff-employees SBM is expected to embark on redundancy program should the voluntary lay-off scheme fail to reach its desires outcome. Executive Moves MUFG appoints new Emea transaction banking head News Team Wednesday, October 06, 2021 1:00 am http://africa.managersofwealth.com/article/32212/mufg-appoints-new-emea-transaction-banking-head Manning joins after a 22-year career at institutions including Deutsche Bank, Standard Chartered and RBS. Executive Moves Alvarez & Marsal to enhance financial restructuring offering in Europe, Middle East and Africa News Team Tuesday, October 05, 2021 1:00 am http://africa.managersofwealth.com/article/32188/alvarez-ampamp-marsal-to-enhance-financial-restructuring-offering-in-europe-middle-east-and-africa Mr Dervin's arrival builds on A&M's expanding financial restructuring offering in the region Executive Moves Dentons bolsters South African offering with strategic combination and independent senior partner hire News Team Monday, October 04, 2021 1:00 am http://africa.managersofwealth.com/article/32181/dentons-bolsters-south-african-offering-with-strategic-combination-and-independent-senior-partner-hire In the last two years, Dentons in South Africa has benefited from the addition of South Africa CEO, Zaeem Soofie, an experienced energy lawyer and a former global Assistant General Counsel with BP plc in London. Executive Moves Experian data of 25 million South Africans re-leaked on Telegram News Aggregation Team Thursday, October 28, 2021 1:00 am http://africa.managersofwealth.com/article/32405/experian-data-of-25-million-south-africans-re-leaked-on-telegram Experian told the Information Regulator that it does not know the identity of the person who has illegally disclosed the personal information from the leak. Legal Sipho Pityana sues bank regulator, claims he was blocked from becoming Absa chair News Aggregation Team Tuesday, October 26, 2021 1:00 am http://africa.managersofwealth.com/article/32378/sipho-pityana-sues-bank-regulator-claims-he-was-blocked-from-becoming-absa-chair In December last year, Ramos was named the new chair of AngloGold Ashanti after Pityana resigned. The miner did not provide a reason for Pityana's resignation. Legal Kenya: How Loan Sharks Are Killing Small Businesses News Aggregation Team Friday, October 15, 2021 1:00 am http://africa.managersofwealth.com/article/32283/kenya-how-loan-sharks-are-killing-small-businesses In May this year, Canva filed a case in the Micro and Small Enterprises Tribunal in Mombasa seeking to recover the money plus interest. Legal SA flagged for weak dirty-money controls News Aggregation Team Monday, October 11, 2021 1:00 am http://africa.managersofwealth.com/article/32235/sa-flagged-for-weak-dirty-money-controls Greylisting by the FATF would raise SA’s risk profile, place a question mark over its financial regulatory bodies and attach a higher risk premium to corresponding relationships between SA banks and international financial institutions. Legal Alleged N1.5billion Debt: Court Sets Date To Decide If To Unfreeze 20 Bank Accounts Of Bauchi Government News Aggregation Team Monday, October 11, 2021 1:00 am http://africa.managersofwealth.com/article/32242/alleged-n15billion-debt-court-sets-date-to-decide-if-to-unfreeze-20-bank-accounts-of-bauchi-government The court further made an order compelling all the banks to disclose and produce bank details, statements of accounts, bank balances, and monies standing to the credit of the respondents. Legal Dentons launches combination with elite law firm in Mozambique News Team Monday, October 11, 2021 1:00 am http://africa.managersofwealth.com/article/32243/dentons-launches-combination-with-elite-law-firm-in-mozambique World's largest law firm launches combination with Fernanda Lopes & Associados-Advogados, accelerating its momentum to become the leading Pan-African law firm owned and controlled by Africans across 17 locations on the continent Legal Judgments erroneously granted are effective unless rescinded or altered by a court News Aggregation Team Wednesday, October 06, 2021 1:00 am http://africa.managersofwealth.com/article/32200/judgments-erroneously-granted-are-effective-unless-rescinded-or-altered-by-a-court The Registrar referred the applications for default judgment to open court. Legal SIM-swap fraud skyrockets during South Africa’s Covid–19 lockdown News Aggregation Team Tuesday, October 05, 2021 1:00 am http://africa.managersofwealth.com/article/32196/sim-swap-fraud-skyrockets-during-south-africaamprsquos-covidampndash19-lockdown Digital banking fraud increased by 33%. Legal Seizure of property obtained from unlawful or criminal activity News Team Wednesday, September 29, 2021 1:00 am http://africa.managersofwealth.com/article/32139/seizure-of-property-obtained-from-unlawful-or-criminal-activity Preservation and forfeiture orders do not depend on prosecution. Legal How SA's first consumer class action lawsuit is taking on sham 'loan' companies News Aggregation Team Tuesday, September 28, 2021 1:00 am http://africa.managersofwealth.com/article/32126/how-saamp039s-first-consumer-class-action-lawsuit-is-taking-on-sham-amp039loanamp039-companies He entered his personal details and ticked a box stating he had read the site's terms and conditions, thinking it was the usual boilerplate. Legal Webcast | Mauritius, propelling FinTechs to success - Panel with industry leaders News Team Thursday, October 28, 2021 1:00 am http://africa.managersofwealth.com/article/32399/webcast-mauritius-propelling-fintechs-to-success-panel-with-industry-leaders A Sanne-hosted webinar focusing on the Fintech landscape in Mauritius and how it can propel FinTechs to success. FinTech World Bank Provides $150M for Governance and Digital Economy Project News Aggregation Team Thursday, October 28, 2021 1:00 am http://africa.managersofwealth.com/article/32401/world-bank-provides-150m-for-governance-and-digital-economy-project The World Bank justifies the measure with the fact that “60% of the Mozambican population does not have official civil identification (identity card).” FinTech Barko to launch a digital bank for low-income South Africans on The Temenos Banking Cloud News Team Thursday, October 28, 2021 1:00 am http://africa.managersofwealth.com/article/32406/barko-to-launch-a-digital-bank-for-low-income-south-africans-on-the-temenos-banking-cloud Critically, the investment in Temenos’ open banking platform will enable Barko to launch new banking products, from deposit and savings accounts to credit and loans, at speed and at a low cost. FinTech New Bank Wire Network Launching to Compete with Swift and RTGS Systems News Team Thursday, October 28, 2021 1:00 am http://africa.managersofwealth.com/article/32408/new-bank-wire-network-launching-to-compete-with-swift-and-rtgs-systems Knox Wire integrates with nearly all mainstream banking systems, using API, and offers a dedicated development team to assist with integration and maintenance. FinTech Central bank digital currencies could transform global financial system News Aggregation Team Wednesday, October 27, 2021 1:00 am http://africa.managersofwealth.com/article/32389/central-bank-digital-currencies-could-transform-global-financial-system Banking regulators including central banks, monetary authorities and reserve banks all over the world are currently assessing the potential benefits and drawbacks of introducing a CBDC. FinTech IPT Africa: shaping the future of African payments with frictionless end-to-end B2B transactions News Aggregation Team Wednesday, October 27, 2021 1:00 am http://africa.managersofwealth.com/article/32394/ipt-africa-shaping-the-future-of-african-payments-with-frictionless-end-to-end-b2b-transactions With the establishment of the African Continental Free Trade Area (AfCFTA) there will be increasing opportunities in the areas of trade and investment, as the global economy emerges from the pandemic. FinTech How to become a leading, digitally-enabled Wealth Manager News Team Wednesday, October 27, 2021 1:00 am http://africa.managersofwealth.com/article/32396/how-to-become-a-leading-digitally-enabled-wealth-manager There is a shift in the market to consider flexible modular architecture as opposed to a one size fits all approach. FinTech South Africa Bank to terminate accounts of clients offering crypto arbitrage services News Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32357/south-africa-bank-to-terminate-accounts-of-clients-offering-crypto-arbitrage-services Shiftly’s co-founder Carel de Villiers told the publication that Standard Bank had previously declined its account opening application as well. FinTech ‘African markets sustain innovation amid liquidity struggles’ News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32360/amplsquoafrican-markets-sustain-innovation-amid-liquidity-strugglesamprsquo As a reflection of the global push towards sustainability, this is the first year that the index has included Environmental, Social and Governance (ESG) indicators. FinTech Paxful records 57% rise in bitcoin trading News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32362/paxful-records-57-rise-in-bitcoin-trading PaxNaija educational centre inaugurated FinTech Ecobank Pan African Centre Opens In Lagos News Aggregation Team Thursday, October 28, 2021 1:00 am http://africa.managersofwealth.com/article/32398/ecobank-pan-african-centre-opens-in-lagos We are proud to be able to unveil our new head office in Nigeria. Retail Banking Featured: Equity Named Africa’s best bank for SMEs 2021 at the Euromoney Awards News Aggregation Team Wednesday, October 27, 2021 1:00 am http://africa.managersofwealth.com/article/32390/featured-equity-named-africaamprsquos-best-bank-for-smes-2021-at-the-euromoney-awards To solve some of these challenges, Equity has fortified its product offerings by providing them with customized, flexible, and integrated banking solutions, for both business owners and employees. Retail Banking Atlas Mara Zambia Merger Will Boost Our Earnings—Access Bank News Aggregation Team Wednesday, October 27, 2021 1:00 am http://africa.managersofwealth.com/article/32391/atlas-mara-zambia-merger-will-boost-our-earningsampmdashaccess-bank Mr Wigwe noted that Access Bank is expanding its tentacles in the country because of “the strong confidence” it has in “the Zambian market” as well as “our strong confidence in the long-term prospects for the Zambian economy. Retail Banking Co-op Bank Group CEO bags ‘Best Bank CEO in Africa’ award News Aggregation Team Wednesday, October 27, 2021 1:00 am http://africa.managersofwealth.com/article/32392/co-op-bank-group-ceo-bags-amplsquobest-bank-ceo-in-africaamprsquo-award Dr Muriuki was recognised for the bold decision to sustain the payment of dividends to shareholders despite Covid-19, which offered a critical relief and most timely support to the over 15 million-member Cooperative movement. Retail Banking Access Bank to merge newly acquired Zambian unit with African Banking Corp News Aggregation Team Tuesday, October 26, 2021 1:00 am http://africa.managersofwealth.com/article/32381/access-bank-to-merge-newly-acquired-zambian-unit-with-african-banking-corp The agreement sets in motion the quest to broaden Access Bank’s presence in the Southern African country to 70 branches and agencies, customer base to 300,0000 and total assets with a value in the neighbourhood of $1 billion through the combined ent Retail Banking Stellar partners tap USDC for remittances between Europe and Africa News Aggregation Team Tuesday, October 26, 2021 1:00 am http://africa.managersofwealth.com/article/32382/stellar-partners-tap-usdc-for-remittances-between-europe-and-africa Flutterwave is teaming up Tempo Payments to use USDC on Stellar to target Africa’s enormous remittances market. Retail Banking FNB steps up travel rewards as rivals flounder News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32359/fnb-steps-up-travel-rewards-as-rivals-flounder Why is the bank making significant investments in lounges and flight discounts? Retail Banking Top 200 African Banks: ‘Nigeria is a long-term strategic, important market’, says Ecobank’s Ayeyemi News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32374/top-200-african-banks-amplsquonigeria-is-a-long-term-strategic-important-marketamprsquo-says-ecobankamprsquos-ayeyemi First, in the shape of the legacy of management ructions a decade ago, which included some bad investment decisions. Retail Banking Kuda delivers free debit cards without maintenance fees across Nigeria to promote cashless payments News Aggregation Team Wednesday, October 20, 2021 1:00 am http://africa.managersofwealth.com/article/32324/kuda-delivers-free-debit-cards-without-maintenance-fees-across-nigeria-to-promote-cashless-payments Network International has been at the forefront of driving digital payments in Africa, providing advanced, scalable, and cost-effective digital infrastructure and robust security protocols to prominent banks across the region. Retail Banking Bank Zero's customers have already moved 'tens of millions' from other banks News Aggregation Team Tuesday, October 19, 2021 1:00 am http://africa.managersofwealth.com/article/32301/bank-zeroamp039s-customers-have-already-moved-amp039tens-of-millionsamp039-from-other-banks It took Bank Zero almost two-and-a-half years since it first announced in 2019 that it would start beta testing to open finally its doors to the public. Retail Banking AIIB’s Membership in Africa Grows as Nigeria Joins the Bank News Team Wednesday, October 27, 2021 1:00 am http://africa.managersofwealth.com/article/32386/aiibamprsquos-membership-in-africa-grows-as-nigeria-joins-the-bank Prospective members, including Nigeria, will officially join AIIB once they complete the required membership procedures Investment Banking AfrAsia Bank recognised for the 2nd time as the “Best Banking & Custody Provider: Global Custodian” by AGF Africa Service Providers Awards News Team Thursday, October 14, 2021 1:00 am http://africa.managersofwealth.com/article/32276/afrasia-bank-recognised-for-the-2nd-time-as-the-ampldquobest-banking-ampamp-custody-provider-global-custodianamprdquo-by-agf-africa-service-providers-awards This recognition further inspires us to actively explore the dynamic changes on the custodian landscape and reinforces our commitment to provide our clients with best-in-class services and pertinent market updates to continually ensure the safety of their Investment Banking Standand Bank is named Africa’s best bank by Global Finance report News Aggregation Team Wednesday, October 13, 2021 1:00 am http://africa.managersofwealth.com/article/32263/standand-bank-is-named-africaamprsquos-best-bank-by-global-finance-report Global Finance also said the bank spent much of last year further developing its OneFarm platform, designed to improve Africa’s agribusiness sector by giving farmers access to financial and other services that will let them migrate from subsistence Investment Banking African Development Bank approves $86.72mln loan to boost water security and socio-economic development in South Africa and Lesotho News Team Tuesday, October 12, 2021 1:00 am http://africa.managersofwealth.com/article/32245/african-development-bank-approves-8672mln-loan-to-boost-water-security-and-socio-economic-development-in-south-africa-and-lesotho The Lesotho Highland Development Authority will implement the part of the project that falls within Lesotho's borders. Investment Banking HSBC Mauritius launches green personal loan for low carbon future News Aggregation Team Tuesday, September 28, 2021 1:00 am http://africa.managersofwealth.com/article/32128/hsbc-mauritius-launches-green-personal-loan-for-low-carbon-future No early repayment fees – loan can be repaid in full at anytime Investment Banking PAC Capital Limited bags CFI.co Best Investment Banking Team Nigeria 2021 Award News Team Tuesday, September 21, 2021 1:00 am http://africa.managersofwealth.com/article/32082/pac-capital-limited-bags-cfico-best-investment-banking-team-nigeria-2021-award The company's investment banking team provides specialized finance advisory on fundraising as well as equity and debt capital markets," the Judging Panel noted Investment Banking African Development Bank President conferred with Leadership Person of the Year Award 2020 - Leadership Newspaper Group News Aggregation Team Tuesday, September 14, 2021 1:00 am http://africa.managersofwealth.com/article/32019/african-development-bank-president-conferred-with-leadership-person-of-the-year-award-2020-leadership-newspaper-group Under the Light Up Africa Project, the African Development Bank has a 10-year plan to drastically reduce the number of Africans who lack access to electricity. Investment Banking To build a better South Africa News Aggregation Team Tuesday, September 07, 2021 1:00 am http://africa.managersofwealth.com/article/31952/to-build-a-better-south-africa It is the partnerships between private, public and the community that will really allow us to grow and create growth and job opportunities. Investment Banking 'Better and energised' Standard Bank hopes to stem client losses and sets ambitious targets News Aggregation Team Monday, August 23, 2021 1:00 am http://africa.managersofwealth.com/article/31830/amp039better-and-energisedamp039-standard-bank-hopes-to-stem-client-losses-and-sets-ambitious-targets "These targets are challenging, but they are realistic. And we are committed to achieving them by protecting and growing our traditional markets and by finding new ones," Investment Banking Africa’s Biggest Bank Sees Past Pandemic With Upbeat Outlook News Aggregation Team Friday, August 20, 2021 1:00 am http://africa.managersofwealth.com/article/31821/africaamprsquos-biggest-bank-sees-past-pandemic-with-upbeat-outlook Lender ready to yank all levers to drive down costs, CEO says Investment Banking Namibia plans sovereign wealth fund News Aggregation Team Thursday, October 28, 2021 1:00 am http://africa.managersofwealth.com/article/32400/namibia-plans-sovereign-wealth-fund Bloomberg reported the comments, citing an October 25 interview Shiimi gave to the Namibian Broadcasting Corporation. Alternative Investments Equity set to spend Sh500bn on Kenya, South Africa businesses News Aggregation Team Wednesday, October 27, 2021 1:00 am http://africa.managersofwealth.com/article/32388/equity-set-to-spend-sh500bn-on-kenya-south-africa-businesses The bank is eying the South African firms also to establish its presence in the market without setting up physical branches, and raising competition for other commercial banks such as Absa Bank and Standard Bank. Alternative Investments Buhari: how we are attracting investors News Aggregation Team Wednesday, October 27, 2021 1:00 am http://africa.managersofwealth.com/article/32395/buhari-how-we-are-attracting-investors Apart from the economy, Buhari spoke on his administration’s efforts to tackle corruption, climate change, COVID-19, and how to stem global social unrests and violent crises. Alternative Investments Nigeria multinationals: Bring home the profits News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32358/nigeria-multinationals-bring-home-the-profits Businesses become multinational when they have a branch or branches outside the shores of their country of origin. Alternative Investments Why Prudential moved Africa hub from London to Nairobi News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32363/why-prudential-moved-africa-hub-from-london-to-nairobi “There’s also recognition on the side of the Kenyan government that this is an African regional office that would allow us to recruit a proportion of people from across the markets that we operate in.” Alternative Investments MTN to Invest N89.999bn Series II Bond Proceeds in Network Expansion, Paid N93.66bn Tax in 2020 News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32364/mtn-to-invest-n89999bn-series-ii-bond-proceeds-in-network-expansion-paid-n9366bn-tax-in-2020 Kadri stated that the bond issuance would reinforce MTN Nigeria’s strategy of diversifying its funding sources. Alternative Investments How China’s slowing economy will affect African countries News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32365/how-chinaamprsquos-slowing-economy-will-affect-african-countries The South African rand has long served as a sort of early warning system for investors to gauge the impact of Chinese economic news. Alternative Investments South Africans are buying apartments in Mauritius – here’s how much a residency-by-investment costs News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32375/south-africans-are-buying-apartments-in-mauritius-ampndash-hereamprsquos-how-much-a-residency-by-investment-costs Haller said that South African buyers in the development are a mix of families seeking security for their children as well as the 50+ generation looking for a secure retirement residency destination. Alternative Investments Africa’s glass half-full by FBNQuest Capital Research News Team Friday, October 22, 2021 1:00 am http://africa.managersofwealth.com/article/32351/africaamprsquos-glass-half-full-by-fbnquest-capital-research The international response to the pandemic has been poor in his view, when compared with the response to the global financial crisis Alternative Investments South Africa's pension system gets a C-grade. Where is it going wrong? News Aggregation Team Friday, October 22, 2021 1:00 am http://africa.managersofwealth.com/article/32352/south-africaamp039s-pension-system-gets-a-c-grade-where-is-it-going-wrong South Africa scored 53.6 out of possible 100 points. Alternative Investments Deliver financing for adaptation and resilience in Africa, global leaders urge ahead of COP26 News Team Thursday, October 28, 2021 1:00 am http://africa.managersofwealth.com/article/32402/deliver-financing-for-adaptation-and-resilience-in-africa-global-leaders-urge-ahead-of-cop26 Leaders said developed countries had provided well below the threshold for Africa’s adaptation needs. Comment, Analysis & Research Gen Z: How to win the next generation of wealth? Key opportunities revealed News Team Thursday, October 28, 2021 1:00 am http://africa.managersofwealth.com/article/32404/gen-z-how-to-win-the-next-generation-of-wealth-key-opportunities-revealed As a result, Gen Z’s journey seems to be parallel to other client generations’ but traveling along a different path. Comment, Analysis & Research Downgrade warning for South Africa News Aggregation Team Thursday, October 28, 2021 1:00 am http://africa.managersofwealth.com/article/32407/downgrade-warning-for-south-africa In a research note published this week, Bishop said that the ruling ANC has attempted to move quicker on structural reforms Comment, Analysis & Research Top 10 Wealthiest African Countries According GDP in 2021 News Aggregation Team Tuesday, October 26, 2021 1:00 am http://africa.managersofwealth.com/article/32377/top-10-wealthiest-african-countries-according-gdp-in-2021 Despite the social and political issues the continent faces, there’s no doubt that it’s on track to see an abundance of opportunities to grow in the coming years. Comment, Analysis & Research Talking Global Finance Podcast: a South African Story News Team Tuesday, October 26, 2021 1:00 am http://africa.managersofwealth.com/article/32380/talking-global-finance-podcast-a-south-african-story They explore this special relationship and discuss what drives many South African business leaders and entrepreneurs to set up in the Isle of Man. Comment, Analysis & Research Pandemic heightens SA investors’ awareness of sustainability issues News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32376/pandemic-heightens-sa-investorsamprsquo-awareness-of-sustainability-issues The majority of those whose interest in ESG had increased were 51-70 years old: Schroders Global Investor Study 2021. Comment, Analysis & Research ‘We must showcase regional success stories to ensure the right perception of Africa in Southeast Asia’ News Aggregation Team Friday, October 22, 2021 1:00 am http://africa.managersofwealth.com/article/32349/amplsquowe-must-showcase-regional-success-stories-to-ensure-the-right-perception-of-africa-in-southeast-asiaamprsquo Now, the Adansonia Group holding company is structured in Singapore as Adansonia Holdings (Singapore) Private Limited Comment, Analysis & Research African Development Bank holds second virtual Business Opportunities Seminar for 2021, with a country special on Angola News Team Thursday, October 21, 2021 1:00 am http://africa.managersofwealth.com/article/32331/african-development-bank-holds-second-virtual-business-opportunities-seminar-for-2021-with-a-country-special-on-angola Toigo said the Bank was working to help Angola diversify its economy beyond petroleum, primarily into agribusiness. Comment, Analysis & Research The clock is ticking for South Africa, says Nedbank News Aggregation Team Thursday, October 21, 2021 1:00 am http://africa.managersofwealth.com/article/32342/the-clock-is-ticking-for-south-africa-says-nedbank Even so, the government will not achieve its target of immunising 40 million people by the end of this year, Nedbank said. Comment, Analysis & Research Is South Africa a Playground for Cybercriminals? News Aggregation Team Wednesday, October 20, 2021 1:00 am http://africa.managersofwealth.com/article/32326/is-south-africa-a-playground-for-cybercriminals Our findings show that locally, South Africa was in the top 30 countries in the world (#27) to be targeted by malware attacks, and in the top 20 (#19) to fall victim to email threats related to COVID-19. Comment, Analysis & Research How Investec was a player in the world’s largest tax fraud (Part 2) News Aggregation Team Friday, October 22, 2021 1:00 am http://africa.managersofwealth.com/article/32354/how-investec-was-a-player-in-the-worldamprsquos-largest-tax-fraud-part-2 Investec issued these in its capacity as the pension funds' custodian bank. Tax SCA decision in CSARS v Spur Group News Team Wednesday, October 20, 2021 1:00 am http://africa.managersofwealth.com/article/32316/sca-decision-in-csars-v-spur-group Opco claimed a deduction in terms of section 11(a) of the Act in respect of its contribution to the share incentive trust, which it spread over the vesting period in respect of the Newco shares held by its employees in terms of section 23H of the Act. Tax Kenya: Boost for Revenue Authority as New System Aims to Net Tax Cheats News Aggregation Team Tuesday, October 19, 2021 1:00 am http://africa.managersofwealth.com/article/32303/kenya-boost-for-revenue-authority-as-new-system-aims-to-net-tax-cheats The company developed a prototype of the machine, which has passed several tests set by KRA after being submitted to the authority for tests on its efficacy, and now awaits licensing if it passes final test phases. Tax ENSafrica tax in brief News Team Wednesday, October 13, 2021 1:00 am http://africa.managersofwealth.com/article/32257/ensafrica-tax-in-brief Below, please find issue 73 of ENSafrica’s tax in brief, a snapshot of the latest tax developments in South Africa. Tax Kenyatta Remains Stoic in Face of Tax Haven Exposé News Aggregation Team Monday, October 11, 2021 1:00 am http://africa.managersofwealth.com/article/32234/kenyatta-remains-stoic-in-face-of-tax-haven-exposampeacute The scion of Kenya's first president Jomo Kenyatta made an unsuccessful bid for the presidency as then ruling party Kanu's candidate in the 2002 election. Tax Taxman nets Sh1.9bn from its amnesty programme News Aggregation Team Tuesday, October 05, 2021 1:00 am http://africa.managersofwealth.com/article/32193/taxman-nets-sh19bn-from-its-amnesty-programme Voluntary Tax Disclosure Programme cumulative revenue collected is Sh1.995 billion by September 30,” said Mr Mburu in a public notice yesterday. Tax ENSafrica tax in brief News Team Wednesday, September 29, 2021 1:00 am http://africa.managersofwealth.com/article/32140/ensafrica-tax-in-brief The primary issue in the appeal was whether SARS (as it contended and the Tax Court held) was precluded from granting approval for use of the transaction count ratio by vendor in respect of the period 1 March 2014 to 29 February 2016. Tax Economic Development Board of Mauritius provides clarity over taxation of foreign investments News Aggregation Team Monday, September 27, 2021 1:00 am http://africa.managersofwealth.com/article/32116/economic-development-board-of-mauritius-provides-clarity-over-taxation-of-foreign-investments In the article, it is stated that among other things, the Mauritius Revenue Authority (MRA) is targeting foreign trusts no longer exempt from income taxes. Tax SARS may apply broad interpretation of “electronic services” for VAT purposes News Aggregation Team Friday, September 24, 2021 1:00 am http://africa.managersofwealth.com/article/32110/sars-may-apply-broad-interpretation-of-ampldquoelectronic-servicesamprdquo-for-vat-purposes As a result, the presence of human intervention cannot be relied upon to exclude services from the ambit of the legislation. Tax Bad news for South Africans with cash stashed in Mauritius News Aggregation Team Monday, September 20, 2021 1:00 am http://africa.managersofwealth.com/article/32070/bad-news-for-south-africans-with-cash-stashed-in-mauritius In response, the Mauritian government has assured that they will immediately remove themselves from the list by addressing the deficiencies in its AML-CFT Framework. Tax Mauritius Exits the grey list of the Financial Action Task Force News Aggregation Team Wednesday, October 27, 2021 1:00 am http://africa.managersofwealth.com/article/32385/mauritius-exits-the-grey-list-of-the-financial-action-task-force Appleby Mauritius in a concerted effort with the various regulators which included amongst others the Attorney General’s Office, The Financial Intelligence Unit, the Financial Services Commission and the Bank of Mauritius actively participated in fu Regulation,Tax & Compliance Nigerian court lifts bank freeze on firms accused of buying crypto News Aggregation Team Wednesday, October 27, 2021 1:00 am http://africa.managersofwealth.com/article/32393/nigerian-court-lifts-bank-freeze-on-firms-accused-of-buying-crypto A central bank spokesman did not immediately respond to a request for comment. In February, the central bank barred financial institutions from dealing in or facilitating transactions in cryptocurrencies. Regulation,Tax & Compliance West Africa and the Eco Currency News Team Tuesday, October 26, 2021 1:00 am http://africa.managersofwealth.com/article/32379/west-africa-and-the-eco-currency Efforts by member states to strengthen domestic macroeconomic frameworks reduce the inordinate bureaucratic delays that severely constrain trade must be encouraged. Regulation,Tax & Compliance Carey Olsen advises DPI as it raises one of the largest ever Africa-focused funds at US$900m News Team Tuesday, October 26, 2021 1:00 am http://africa.managersofwealth.com/article/32384/carey-olsen-advises-dpi-as-it-raises-one-of-the-largest-ever-africa-focused-funds-at-us900m All investments will uphold the highest standards of impact and environmental, social and governance (ESG) work. Regulation,Tax & Compliance Leading South African Bank Sends Account Cancellation Notices to Crypto Arbitrage Traders – Finance Bitcoin News News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32368/leading-south-african-bank-sends-account-cancellation-notices-to-crypto-arbitrage-traders-ampndash-finance-bitcoin-news While acknowledging that Shiftly is not a client of the bank, de Villiers however suggests it is curious that Standard Bank — which once rejected his company’s attempt to open an account — maintains a business relationship with its rival Regulation,Tax & Compliance African Development Bank launches consultations on new Strategy for Quality Health Infrastructure News Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32370/african-development-bank-launches-consultations-on-new-strategy-for-quality-health-infrastructure The Covid-19 pandemic exposed serious gaps in African national health systems and overwhelmed capacity to test for and treat the disease. Regulation,Tax & Compliance Banks in defining moment as eNaira kicks off today News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32371/banks-in-defining-moment-as-enaira-kicks-off-today Central banks around the world, most notably in China, the United States and the United Kingdom, are actively considering whether to adopt or create their own CBDC. Regulation,Tax & Compliance How a Zimbabwe Tycoon Made a Fortune from a Trafigura Partnership and Spiralling National Debt News Team Friday, October 22, 2021 1:00 am http://africa.managersofwealth.com/article/32346/how-a-zimbabwe-tycoon-made-a-fortune-from-a-trafigura-partnership-and-spiralling-national-debt Under Mnangagwa’s reign, the businessman came to dominate Zimbabwe’s fuel, platinum, and gold sectors. Regulation,Tax & Compliance FATF removes Mauritius from the list of jurisdictions under increased monitoring News Team Friday, October 22, 2021 1:00 am http://africa.managersofwealth.com/article/32348/fatf-removes-mauritius-from-the-list-of-jurisdictions-under-increased-monitoring The Mauritius International Financial Centre remains a competitive and attractive jurisdiction and a domicile of choice for structuring investments in Africa and Asia. Regulation,Tax & Compliance Mozambique urges Credit Suisse to fully cancel scam-linked debt News Aggregation Team Friday, October 22, 2021 1:00 am http://africa.managersofwealth.com/article/32353/mozambique-urges-credit-suisse-to-fully-cancel-scam-linked-debt The Swiss lender helped to arrange nearly $1bln in bonds plus a syndicated loan between 2013 to 2016 Regulation,Tax & Compliance COP26: “Africa Could Lose 30% of GDP Without Urgent Action News Aggregation Team Thursday, October 28, 2021 1:00 am http://africa.managersofwealth.com/article/32403/cop26-ampldquoafrica-could-lose-30-of-gdp-without-urgent-action Rising temperatures and sea levels, as well as abnormal rainfall, have had a strong influence on the frequency and intensity of natural disasters; most disasters in Africa are flood-related ESG Five ways in which finance for climate adaptation in Africa falls short News Aggregation Team Monday, October 25, 2021 1:00 am http://africa.managersofwealth.com/article/32361/five-ways-in-which-finance-for-climate-adaptation-in-africa-falls-short At the same time, Africa’s contributions to greenhouse gas emissions causing global warming are among the lowest globally. ESG Sustainability With Substance, Not Sustainability by Numbers News Team Thursday, October 21, 2021 1:00 am http://africa.managersofwealth.com/article/32343/sustainability-with-substance-not-sustainability-by-numbers We don’t live in a 1.5 degree world ESG Sustainable Finance and FinTech: A necessary marriage News Team Thursday, October 21, 2021 1:00 am http://africa.managersofwealth.com/article/32345/sustainable-finance-and-fintech-a-necessary-marriage With a global reputation as the preferred gateway for investment in and out of Africa, and as an International Financial Centre of repute and a FinTech hub for the region, Mauritius can become the “Sustainable FinTech Hub for Africa” if all st ESG Co-operative Bank of Kenya plans to boost green financing News Aggregation Team Tuesday, October 19, 2021 1:00 am http://africa.managersofwealth.com/article/32306/co-operative-bank-of-kenya-plans-to-boost-green-financing A funding deal signed by the bank reflects increased demand for solar energy in the country, with energy costs a heavy burden for many small businesses ESG SA economic risk means banks reticent to entirely cut funding to its thermal coal sector News Aggregation Team Tuesday, October 19, 2021 1:00 am http://africa.managersofwealth.com/article/32309/sa-economic-risk-means-banks-reticent-to-entirely-cut-funding-to-its-thermal-coal-sector Absa and Standard Bank, South Africa’s other two leading lenders, have left the door open to funding some new coal mining or power projects, said Reuters. ESG ‘Climate Change, Deforestation, Pose Challenge to Nigeria’s Economic Resurgence’ News Aggregation Team Monday, October 18, 2021 1:00 am http://africa.managersofwealth.com/article/32291/amplsquoclimate-change-deforestation-pose-challenge-to-nigeriaamprsquos-economic-resurgenceamprsquo "the Bank would mobilize $25 billion in climate finance by 2025 in support of African countries." ESG SA private sector investment needed to raise trillions to build lower carbon economy News Aggregation Team Monday, October 18, 2021 1:00 am http://africa.managersofwealth.com/article/32294/sa-private-sector-investment-needed-to-raise-trillions-to-build-lower-carbon-economy Treasury’s focus on sustainable finance encourages financial institutions to also be cognisant of how their investment decisions impact the environment. ESG Despite investor pressure SA banks say they can't cut off all coal funding just yet News Aggregation Team Friday, October 15, 2021 1:00 am http://africa.managersofwealth.com/article/32282/despite-investor-pressure-sa-banks-say-they-canamp039t-cut-off-all-coal-funding-just-yet The state-run power company Eskom relies mainly on ailing coal-fired power stations to supply 90% of South Africa's electricity. More than 90,000 people were employed in coal mines in 2020. ESG SA’s banks say they can’t cut off funding for coal just yet News Aggregation Team Friday, October 15, 2021 1:00 am http://africa.managersofwealth.com/article/32284/saamprsquos-banks-say-they-canamprsquot-cut-off-funding-for-coal-just-yet An immediate halt would put huge political and economic strains on a nation that relies on the most polluting of fossil fuels. ESG The Banking Industry Withstands Tough Times News Team Thursday, October 21, 2021 1:00 am http://africa.managersofwealth.com/article/32335/the-banking-industry-withstands-tough-times When the pandemic struck last year, the central bank decided to reduce the Prudential Capital Adequacy Ratio (CAR) from 15 percent to 12.5 percent for banks operating in Botswana. Covid-19 Is Africa Headed for a Financial Crisis? News Aggregation Team Wednesday, August 11, 2021 1:00 am http://africa.managersofwealth.com/article/31744/is-africa-headed-for-a-financial-crisis A rerun of the 2013 “taper tantrum” could spell disaster for emerging economies. Covid-19 Afreximbank Recognised for COVID-19 Fight News Aggregation Team Tuesday, July 06, 2021 1:00 am http://africa.managersofwealth.com/article/31425/afreximbank-recognised-for-covid-19-fight The magazine noted that Afreximbank activated its business continuity management plan within days of the pandemic to prevent service interruptions. Covid-19 AfDB Strengthens Covid-19 Fight News Aggregation Team Wednesday, June 30, 2021 1:00 am http://africa.managersofwealth.com/article/31362/afdb-strengthens-covid-19-fight The president underlined the fact that Africa imports 60-70 per cent of its pharmaceutical drugs. Covid-19 Africa should produce vaccines on the continent, African Development Bank Group head says on eve of the group’s 2021 Annual Meetings News Team Tuesday, June 22, 2021 1:00 am http://africa.managersofwealth.com/article/31308/africa-should-produce-vaccines-on-the-continent-african-development-bank-group-head-says-on-eve-of-the-groupamprsquos-2021-annual-meetings The African Development Bank and other development partners can credit-enhance them. Covid-19 CBK upbeat on vaccine lift to Kenya economy amid curbs News Aggregation Team Tuesday, March 30, 2021 1:00 am http://africa.managersofwealth.com/article/30634/cbk-upbeat-on-vaccine-lift-to-kenya-economy-amid-curbs The economic recovery that started in the fourth quarter of last year has been supported by agriculture, real estate and the financial sectors. Covid-19 Workplace Stress During COVID-19: 5 Ways to Support Your Employees’ Mental Well-being News Team Tuesday, January 26, 2021 12:00 am http://africa.managersofwealth.com/article/30091/workplace-stress-during-covid-19-5-ways-to-support-your-employeesamprsquo-mental-well-being Taking care of your mental well-being is essential to staying healthy, staying resilient and moving your business forward. Covid-19 Rand continues to slide over fears of Covid-19 variant and tougher lockdown restrictions for South Africa News Aggregation Team Friday, January 08, 2021 12:00 am http://africa.managersofwealth.com/article/29927/rand-continues-to-slide-over-fears-of-covid-19-variant-and-tougher-lockdown-restrictions-for-south-africa The country has only recently secured a deal to receive its first coranavirus vaccines, but barely enough for the country’s 1.25 million health workers. Covid-19 Africa’s billionaires – from Motsepe to Dangote – fight to stamp out Covid-19 News Aggregation Team Thursday, January 07, 2021 12:00 am http://africa.managersofwealth.com/article/29912/africaamprsquos-billionaires-ampndash-from-motsepe-to-dangote-ampndash-fight-to-stamp-out-covid-19 Governments are leading the Covid-19 response, but the continent’s richest citizens are contributing their part to the team effort, sometimes even getting ahead of public sector initiatives. Covid-19 Corona still a threat to Kenya's economy - Oigara News Aggregation Team Tuesday, January 05, 2021 12:00 am http://africa.managersofwealth.com/article/29871/corona-still-a-threat-to-kenyaamp039s-economy-oigara He is, however,confident that social-economic resilience exhibited in 2020 will give the country strength to businesses. Covid-19