Managers of Wealth Africa

Irba clears Deloitte partners on most serious charge over African Bank

Auditors’ watchdog clears Danie Crowther while Mgcinisihlalo Jordan still has to face sanction on five charges

States, capital market to partner on privatisation

Governor Babajide Sanwo-Olu said the state has been working on securitisation of dormant building assets to unlock them and make them productive.

South Africa ditches paper cheques

Affected stakeholders are therefore requested not to write/draw or accept cheques after 31 December 2020.

Africa’s Biggest Bank Says Ramaphosa Winning Corruption Battle

A special investigating unit this month arrested Ace Magashule, the secretary-general of the ruling African National Congress, making him the highest-profile serving politician to face charges since Ramaphosa’s rise to power.

Sudan: $28.233 million in African Development Fund Grants to bolster response to COVID-19

The grants are being provided under the African Development Bank’s COVID-19 Response Facility

Lower House Approves 9 Agreements to Boost Morocco’s Foreign Policy

Seven bilateral agreements aim to strengthen Morocco’s “partnership with the Arab, European, and Asian space,” an official from the foreign affairs ministry said.

N69 billion Debt: AMCON freezes Jimoh Ibrahim’s account, takes over ass

AMCON has seized 12 properties from Mr Ibrahim, including the buildings of NICON Investment Limited.

Responsible Business Conduct and Anti-Corruption Compliance in Southeast Asia

This survey is unique in that it looks at the way anti-corruption compliance and RBC are managed by businesses through one lens.

TSA Implementation: Nigeria signs MOU with Gambia

Nigeria has signed a Memorandum of Understanding (MOU) with the Gambia on Treasury Single Account (TSA) Implementation.

When it comes to fraud, prevention is better than cure

The public is under deep financial pressure and is desperate for economic relief, not matter how small.

South Africa ditches paper cheques

This decision was taken due to the numerous challenges associated with the usage of cheques.

What to expect from South Africa’s interest rate decision this week

Nedbank’s economists also believe that a rate cut is unlikely this week, with the focus likely to be on inflation, the bank said in a research note this week.

BoG moves to protect interest of depositors in RCBs

To promote and maintain public trust and confidence in RCBs, the directive will prescribe sound corporate governance standards which are critical to the proper functioning of the industry.

Ghana, African Development Bank Group sign MoU for 2021 Annual Meetings

In remarks following the signing, Minister Ofori-Atta said he had carefully reviewed the MOU and found it satisfactory.

South Africa’s draft conduct standard for third-party cell captives: ironing out the details

With the passing of the new Insurance Act in 2018, the definition of cell captive insurers, cell structures, first-party and third-party risks were formalised in legislation.

Pension funds’ landmark legal victory and what it means

Regulation affecting billions in unclaimed benefits declared invalid.

Safaricom sees reduction in Ethiopia licence bid price without M-Pesa

Safaricom has never disclosed how much it is willing to bid or the expected annual rate of growth the investment in Ethiopian market will be expected to generate, terming it as competitive and sensitive information.

Emigration, delays, double tax and other worries

Emigration is now hot on everyone’s lips.

CDC unveils additional $100m trade finance agreement with Standard Chartered

CDC Group, the UK’s development finance institution and impact investor, has committed an additional $100m commitment to its existing master risk participation agreement with Standard Chartered.

South African watchdog warns investors over unregulated adviser

As it alerts public against a separate investment firm promising ‘unrealistic huge returns’

Regulation,Tax & Compliance