Managers of Wealth Africa

Kenya’s new plan to wipe out financial criminal enterprise faces a litmus test

That decision came in the form of an order withdrawing from circulation the Ksh1,000 note by October 1 — giving holders of the notes 90 days to comply.

UPDATE 1-Tanzania central bank cuts reserve requirement to lift lending

Some investors say that the policies of President John Magufuli’s government have made it harder for them to operate in the gold-producing country since he was elected in 2015.

Steinhoff, Tongaat Woes Raise South African Auditor Scrutiny

While auditors are expected to reassure the public that the financial statements they have signed off are reliable, the standards used don’t require them to uncover wrongdoing. That may be set to change.

Sh4bn allocated to technical learners in revised Budget

The allocation allays fears that thousands of TVET students would drop out of school after the Treasury said in January it could only provide Sh300 million for student loans against the Sh3.6billion required to sustain them in the institutions.

S. African president reassures jittery investors about central bank independence

But Magashule's remarks were refuted by ANC's economic transformation head, Enoch Godongwana, who said the ruling party had not taken a decision to expand the mandate of the SARB.

Implementation of tax transparency initiative delivering concrete and impressive results

Voluntary disclosure of offshore accounts, financial assets and income in the run-up to full implementation of the AEOI initiative resulted in more than EUR 95 billion in additional revenue for OECD

Regulation 28: hindering investors’ ability to maximise return or protection from greater downside?

The country’s pension funds manage over R4-trillion in assets according to the Financial Sector Conduct Authority

Economists tell Ramaphosa to fix the economy ahead of SONA

Johann Els, an economist with the Old Mutual Investment Group of South Africa (OMIGSA), said Ramaphosa’s biggest challenge would be to rebuild confidence in policy makers and in the country’s economic policy.

Standard Chartered shows it’s a bank of action against illegal poaching

The first phase of ‘Here for Good’ was launched in 2018 and focused on stories about issues that limit commerce and prosperity for people.

The CAEMC Regulation on Foreign Exchange Regulation

There is no doubt that the New Regulation is marked by austerity in currency management.

There's a CEO Crisis in South Africa and No One Is Stepping Up

Then there’s South Africa, where an exodus of chief executive officers during an economic downturn is becoming alarming, particularly as there are apparently so few ready replacements.

Massive jump in the number of South Africans applying to financially emigrate

Leon said that financial emigration is often confused with formal emigration, however, these are not the same

Chase Bank saga revived as CBK, Deloitte are sued

Chase Bank’s former chairman Zafrullah Khan and ex-managing director Duncan Kabui have also been enjoined as respondents in the suit.

South African Rate Cuts No Sure Thing Even as Economy Contracts

Price stability is necessary for sustainable growth: governor

Overview Of Insolvency And Restructuring In Nigeria

The insolvency procedures recognised by the Act are, in that sense, either collective or non-collective

Kenya’s central banker warns about impact of illicit flows

The central bank has not quantified the volume of illicit flows but there had been enough evidence to force the authorities to act, he said.

FirstBank, IIA promote risk management

The event themed “The Future of Internal Audit is Now. Assure. Advise. Anticipate” was convened to promote and reinforce the role of Internal Audit as a fundamentally proactive field, through its assurance and advisory roles with a view to he

CBK issues directives on how to get new Sh1,000 notes

CBK Governor Patrick Njoroge, however, said that those with between Sh1 million and Sh5 million worth of the Sh1,000 denominations will have to visit their banks

Ghana Fines Absa Unit for ‘Frivolous’ Foreign-Exchange Quotes

Lender ‘hasn’t been transparent with the central bank’

Workers, Group Hail Wike’s New Pension Law …As Gov Assents To Four Bills

This obnoxious law unfortunately denied some late retirees who suffered, and could not get their pension money while alive.

Regulation,Tax & Compliance