Managers of Wealth Africa

Challenges in the LIBOR transition phase: ISDA fallback interest rates for transactions linked to bonds or loans

Parties may additionally elect to include certain non-ISDA documents as Protocol Covered Documents

How credit bureaus are breaking the pot to kill a snake

According to the regulator, Central Bank of Kenya CRBs, “seek to enhance consumer protection for borrowers, expand the sources of information and ensure the sustainability of the credit information sharing as a key tool to bridge the information gap

KPMG to pay ex-boss Sh379m for illegal sack

Justice Tuiyott knocked out Sh35.5 million on account of profit initially awarded to Mr Ndung’u by the arbitrator. The judge also reduced special damages by Sh661,430 and aggravated damages of Sh2.7 million.

Debtors as Threat to Financial System

That was why the bank then was a dominant player in the retail segment of the industry.

African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), African Guarantee Fund, partner to unlock $1.3 - $2 billion in loans to women entrepreneurs

Financial institutions in Cameroon, Democratic Republic of Congo, Kenya, Rwanda, Tanzania and Uganda are signing on to the program

Mauritius bank adopts AI to ensure compliance

Financial institutions in Mauritius and around the world are under increased pressure by both national and international compliance regulators to implement extensive due-diligence processes.

Nigeria justifies war on cryptocurrencies, takes tougher actions

The risks, it said, include loss of investments, money laundering, terrorism financing, illicit fund flows and criminal activities.

UBA in fresh bid to sell Uchumi land

The lender says Uchumi has been in default of its facility for close to four years, terming it a huge concern to both the bank and its regulators given the negative impact it has on its depositors’ funds.

The make-or-break issue for Tito Mboweni and South Africa

The group estimates that the South African economy grew by 5.5% in Q4 2020 following the 66% q/q annualized rebound in Q3.

It is time Treasury cut unnecessary spending

This inability to curb expenditure does not stand Kenya in good stead, especially in the eyes of international financiers to whom the country has turned for support in the past one year.

Nigerian Court Ends Freeze on Accounts Linked to Protests

The 19 individuals and one company impacted were prominently involved in the largely leaderless demonstrations that began in October and swept through Africa’s most populous nation for several weeks.

Digital lenders need to embrace CBK regulation

Commercial banks and microfinance institutions can attest to the benefits of legally backed loaning schemes, especially in an environment where borrowers are pressed by hard economic times.

Financial experts laud CBN’s ban on cryptocurrency

The CBN acts of 2007 stated that the bank is the one in charge of monetary matters in Nigeria.

Qatar and Rwanda signs double tax avoidance agreement

The agreement was signed by His Excellency Ahmed bin Issa Al Mohannadi, the GTA's President and His Excellency Francois Nkulikiyimfura, Rwanda's Ambassador to Doha, in the presence of His Excellency Ambassador Abdulrahman bin Mohammed Al Dosari,

Nedbank denies complicity in S.Africa corruption, shares fall

In a statement responding to the article, Nedbank said there was nothing unlawful or unusual about its relationship with Regiments, although with hindsight it might have acted differently.

The impact of Regulation 28 on your retirement funds

Regulation 28 essentially limits asset managers’ allocations of retirements savings to certain assets classes.

SEC Releases Rule on Registration for Nominee Function

The rule also stipulates that a nominee shall not engage in any business or activity except the business of nominee companies described above.

CBN Seeks to Lure Portfolio Investors with Higher Yields

Last week, the FMDQ OTC futures prices were adjusted higher by an average of N9.81 on the short-end and N14.16 on the long-end of the curve.

African Development Bank, FAO and South Sudan’s government ink protocols for $14 million grant to boost agricultural markets

The project will create aggregation business opportunities for farmers and traders, including women and youth, and provide them with new skills and the agro-processing equipment they need to produce competitive products.

CBN, NSITF yet to pay 50% equity in FMBN

Reps query FMBN, TETFUND over 5-year unaudited accounts

Regulation,Tax & Compliance