Managers of Wealth Africa

Opinion: Is Africa ready for cryptocurrency?

Africa may well define the future of bitcoin, but is this vibrant continent ready just yet?

Financial Crime In Mauritius: Overview

Further to their search powers, police officers can seize any incriminating articles which they believe has been obtained by means of an offence or used in the commission of an offence. Such articles must be produced in court at trial.

KRA recovers Ksh.139 million from hidden offshore assets

Countries that are destinations for these flows, including financial centres in Europe, Asia, America, the Caribbean and Pacific, now participate, said KRA’s Commissioner General Githii Mburu.

When are companies obligated to pay salaries during lockdown?

While the court found that the requirements to be put under business rescue were met, the court considered whether it was impossible for the restaurants to have complied with their obligations to pay their employees’ salaries during lockdown.

Troubled KQ set to exit securities exchange as govt takeover looms

The carrier is grappling with a negative working capital of Ksh42.15 billion ($400 million).

T-bill sale oversubscribed in first auction of new year

Rates all fell though as a result of the high demand.

Citi Execs Evaluate Morocco’s Economic Outlook Post-COVID-19

A two-day webinar shed light on the economic challenges and outlooks of countries in the Europe, Middle East, and Africa (EMEA) region, in the pandemic context.

SoftBank-Backed OPay Pauses Ride-Hailing, Logistics Services In Nigeria

OPay is backed by SoftBank and China’s Meituan Dianping.

How will cybersecurity help your business comply with the POPI Act?

But for businesses this is a completely different story, dealing with people’s sensitive information requires a company to have proper security measures in place to protect that data

South African Rand: SA in Unsustainable Debt Trap says Investec

In a note to clients out on July 02, Bishop says the South African economy and its currency will continue to lag this year and in the next few years due to a series of recent credit rating downgrades.

Companies Are Delisting From Africa’s Largest Stock Exchange

Major investment holding companies here and there—like the PSG Group and African Rainbow Capital—have little to no option than to trade on JSE

Ethiopia: African Development Fund approves $165 million grant for national COVID-19 emergency response

The grant, awarded from the country’s ADF-15 Performance-Based Allocation, will help bolster Ethiopia’s COVID-19 National Emergency Response Plan (NERP)

AfDB concludes R2 billion investment in SDG bonds issued by Nedbank SA

The investment also promotes financial inclusion for underserved segments of the populace, such as women and rural dwellers, and will lead to around R2 billion ($116 million) in new SME loans over the next five years.

Adesina Probe: US Treasury Secretary praises AFDB’s decision on independent review

The AFDB said it supported an internal investigation that cleared Adesina.

Barclays granted South Africa private banking licence

We consider South Africa and the wider African continent to be an exciting growth market for the Private Bank."

Mauritius Government Further Strengthens Laws on Money Laundering and Financing of Terrorism

In relation to the Companies Act, changes are proposed in order to reinforce the concept of beneficial ownership, including identification and record keeping.

Kenya to benefit from Ksh 1B African Development Fund grant

The funds will be used to bolster health systems and disease surveillance, enhance infection prevention and control, and improve regional coordination by the East African Community (EAC) and the Intergovernmental Authority on Development (IGAD) to contain

Regulation,Tax & Compliance