Managers of Wealth Africa

Prophet Bushiri’s private jet seized: Major One running out of time

The jet has been attached by the South Africa’s Asset Forfeiture Unit (AFU) of the National Prosecuting Authority (NPA).

KDIC to crackdown on rogue banks

Currently banks are charged a flat premium of 0.15 per cent of total deposits for 12 months preceding the start of the financial year, or Sh300,000 — whichever is higher.

UK, East and Southern Africa countries ink new trade deal

The agreement is meant to ensure that trade between the UK and the African countries will not be disrupted by Brexit

Bankers Committee initiates special fund for creative industries, IT

Nigeria can become the heart of tourism if that sector is handled properly.

Africa money to bankroll US$3 billion Russian deal

This deal is going to be funded by African money.

FNB Wealth and Investments offers considerations ahead of Budget Speech

Personal income tax accounts for approximately 38.1% of total tax revenue according to the 2018 Tax Statistics, up from 37% in the previous year - of which 40% of taxpayers came from Gauteng.

South African Competition Amendment Act, 2019 signed into law

The revised Bill was then referred to the Portfolio Committee on Economic Development where further amendments were introduced after public hearings.

ADGM and Casablanca Finance City ink MoU to develop financial services

The MoU provides a platform for the authorities to foster best practice and knowledge in the fields of green finance and financial technologies.

ADGM inks deal with Casablanca Finance City Authority to foster closer collaboration

The financial centre also published a consultation paper setting out proposed revisions to the regime’s efforts for combatting crime

Nigeria Regulator Eases Capital Pressure on Struggling Banks

Lenders can absorb 2018 impairments over next four years

Govt, Afreximbank in talks over distressed firms funding

Industry and Commerce minister Mangaliso Ndhlovu told this paper that discussions were ongoing.

NYS cases expose Central Bank limitations in policing lenders

The theft of funds at NYS happened right under the nose of the regulator, with the movement of unusually large sums of money expected to have raised CBK’s suspicion.

Regulator may get more muscle to crack down on auditors

Parliament could give auditing regulator the powers to search premises and seize evidence

Nigerian 419 scammers lose R1m to state, court rules

The South African Reserve Bank was authorised to transfer the money into the Criminal Asset Recovery Account.

AfDB: Africa’s Real GDP Will Hit 4.1%

According to the AfDB president, CFTA will provide an unprecedented framework with the capacity to increase trade by at least 100 per cent in Africa.

Zimbabwe on course to clear debts

"We just need to work harder to make sure that we access the bridging resources for that," said Prof Ncube.

Good governance is key to keeping strategic customers

That's because good IT governance ensures not only that the partner's IT investments support its business objectives, but also means that the company is effectively managing its risks and meets compliance regulations.

Haruna Mohammed Nigerian-born World Bank director dies

Mohammed was born in Katsina, and before joining the Board of the World Bank

Ex-Uhuru adviser says debt may affect growth in Kenya

Commenting on last year’s shock supplementary budget that required Mr Uhuru’s push for it to sail through a chaotic August House, Dr Wagacha said the reviewed estimates were passed in a manner that “dilutes Parliament’s power to co

Nigeria joins African pact on economic implementation

The 3rd Conference Internationale sur l’Emergence de l’Afrique, known in French as the CIEA (III) held at the Abdou Douof International Conference Centre in Diamniasio, Dakar, Senegal.

Regulation,Tax & Compliance