Managers of Wealth Africa

Getting sorted in southern Africa: how to enforce foreign arbitral awards

Inevitably, there are instances where the unsuccessful party refuses or fails to honour the outcome of the arbitration process.

Liberia president seeks to clean up central bank

Patray was appointed in July 2018.

Local authorities owe pension fund $200 million

What has been happening is that local authorities have been deducting pension contributions but not remitting them to the LAPF and this is happening right across the country,” said Mr Gumbo.

Africa: Central Bank of Malawi Says Crypto Is Not Legal Tender, Warns of Trading Risks

The official reportedly claimed that the bank has advised the public that all crypto-related activities such as purchasing, trading or using cryptocurrency as payment are made at an individual’s own risk.

Bank’s search for investor collapses

The Privatisation Commission had hired a consortium led by PKF Consulting Ltd to help the bank with its internal restructuring.

Mauritius amends country-by-country reporting rules to add penalties for noncompliance

Reasonable ground, in this case, does not include failure to carry out an act either due to insufficiency of funds or reliance upon another person, the new guidance states.

Africa and The Anti-Corruption Generation

An enabling environment is imperative for an anti-corruption campaign to thrive, writes Pearl Uzokwe

BoU cautions govt over debt use and pay

Failure to pay off these debts has put the assets of these countries at risk of being taken over by the lenders.

Here’s what you need to know about South Africa’s foreign investment allowance

“Where an individual wishes to transfer more than R1 million abroad during a calendar year, such person would have to make use of their foreign investment allowance (FIA), as dealt with in the Currency and Exchanges Manual for Authorised Dealers (AD

South Africa's central bank leaves repo rate unchanged at 6.75 %

Divisions emerge as South African central bank holds rates, cuts growth outlook

Mozambique ex-finance minister should be extradited to U.S.: embassy

The U.S. Embassy in Pretoria said it had noted the decision “with great disappointment”.

Barbados drops visa requirements for these 8 African countries

The new implementation affects countries including Cameroon, Ethiopia, Liberia, Morocco, Senegal, Rwanda, Burkina Faso and Ghana from which Barbados receives a lot of visitors and has several ties.

CBN to restrict banks’ access to government securities

“The MPC has frowned at that and has directed the management of CBN to put in place policies or regulations that will restrict the banks from unlimited access to government securities,” the CBN Governor, Mr. Godwin Emefiele told journalists

Can Ramaphosa do it?

South African President Cyril Ramaphosa led his ruling African National Congress

Shareholders Fume Over Huge Fines On Banks in 2018

A breakdown of the fines as contained in the banks' annual reports showed that FBN Holdings and its subsidiaries

Kenyans wire back Sh1trn in offshore bank accounts

Wealthy Kenyans have traditionally stashed wealth abroad to either escape the taxman’s scrutiny or to spread their risks by investing in the more politically and economically stable Western democracies.

South African Reserve Bank Keen To Test Rand-Backed Digital Currency

The fact that the Reserve Bank wants the digital currency to be accessible without need for a bank account is particularly interesting as it brings to question what will happen to the banks if it is indeed adopted.

Access Bank, Etiebet Agree To Settle Out Of Court Over Unpaid Debt

At the resumed hearing of the matter today, before Justice Mohammed Liman, counsel to Access Bank Plc, Obinna Divine, told the court that parties to the dispute are talking settlement and that the talk has reached an advanced stage, and pleaded with the c

How Will Brexit Affect the Middle East and North Africa?

A few days before the referendum in 2016, Global Risk Insights (GRI) published a list of four effects of Brexit on the Middle East and North Africa (MENA).

Regulators Approve Merger Creating Africa's Largest Bank

Bank merger will create a major new player on the African banking scene.

Regulation,Tax & Compliance