Managers of Wealth Africa

Nigeria: Sanwo-Olu Moves to Abolish Pension for Ex-Govs, Deputies

The 2020 budget was reduced to N920.5 billion due to the COVID-19 pandemic that ravaged the world this year.

South African banks set to extend Covid-19 loans to January 2021

Basa said it has provided up to R33.61 billion in financial relief to individuals and small and medium enterprises up to 24 October.

KRA should change tack to boost tax compliance

The KRA must work hard to undo its nasty image if it is to drive up tax compliance.

Nigerian Court Says Central Bank Can Block Protest Accounts

Some accounts were restricted before ruling was issued

Cititrust’s Asset Management arm secures approval to operate in Kenya as Funds Manager

CFS Asset Management Limited has been granted operating license by the Kenyan Government to operate as a fund manager.

Sanlam in talks with parent firm to delay repaying loan, again

To settle the debt, Sanlam Kenya put on market land and buildings valued at Sh900 million that it planned to sell by the end of this year.

EU ‘blacklisting’ takes shine off Mauritius – report

European Commission says the island has ‘strategic deficiencies’ in its anti-money laundering and counter-terrorism financing regimes.

GTBank obtains approval-in-principle from CBN to operate as financial holding company

Agbaje during the company’s earnings call as of the time of the report in March, disclosed that a holding company structure will enable the bank to keep up with the latest trends in the Nigerian financial services industry.

Are African Development Bank (AfDB)’s financing policies climate-friendly? (By Wangeci Migwi, Amy Giliam and Nicole Rodel)

The twin crises, COVID-19 and the climate emergency, have made it clear, even for global financial institutions, that we must seize this moment to transform

Time for financial institutions to come clean with clients

Institute says public should be concerned about the vulnerability of their pensions and savings

African Development Bank, Africa Investment Forum Founding partners, announce postponement of the Africa Investment Forum to 2021

The annual three-day investment marketplace was initially scheduled for November 2020 in Johannesburg, South Africa

Deadline set for firms to reveal secret investors

“The Registrar of Companies hereby notifies all Officers of Companies and authorised persons that the BO E-Register has been operationalised with effect from 13th October, 2020.”

Ethiopia takes small steps towards bank liberalisation

Reformist central bank governor Yinager Dessie says country’s lenders ‘will not be closed’ forever

Sanlam Insurance Uganda acquires ISO 9001-2015 certification

One of the world’s renowned quality management system standard, ISO 9001 helps businesses prove their ability to consistently provide products and services that meet customer-applicable statutory and regulatory requirements.

Contributors injected N2.8 trillion into Pension Funds

The asset classes that gathered more allocation are FGN Bonds, Bank Placements, Corporate debt securities, and Domestic ordinary securities.

CFTC and South African Reserve Bank form fintech pact

Collaboration amongst authorities is increasingly becoming a crucial component to understanding approaches to fintech innovation.

FSC releases consultation papers on Robotics and AI as well as Crowdfunding

The consultation paper then goes on to elaborate the substance requirements as well as the risk and governance framework applicable to such an entity.

Adjenim Boateng Adjei could not explain the source of his wealth - CHRAJ report

“His Euro Account at the same bank also had EU54,500.00 credited and EU37,333 debited for the same period, in addition to his UMB USD Account No. 428872 which had seen cash flow of over 110,000 USD between December 2018 and March 2019 alone.”

EFF’s plan to nationalise South Africa’s Reserve Bank takes first step

The ANC has also indicated that it wants to nationalise the central bank, but the plan has been but on the back burner as government grapples to get the coronavirus-stricken economy back on track.

DA implore Barclays bank to ignore bridging finance calls from SAA

Barclays have reportedly been approached by SAA for short-term financing at the behest of Public Enterprises Minister Pravin Gordhan.

Regulation,Tax & Compliance