Managers of Wealth Africa

Mauritius Regulatory Update

As a competitive offshore jurisdiction of choice, Mauritius continues to grow steadily to further promote its capabilities and opportunities to investors.

South African central bank cuts rates after first-quarter growth plunge

Kganyago said the Sarb “remains concerned about longer-term risks”

1 Thing African Presidents Are Banking on Uhuru to Do

“As COMESA, we are confident that your commitment and support will play a big role in the realization of AfCTA, as we work to ensure COMESA’s voice is heard and its interests safeguarded at the continental level,” she told Uhuru.

Calle calls on speedy promulgation of FIM legislation

A policy decision was made to revamp the legislative instrument that governs the pension fund industry to align it to international best practices

CBE trains over 100 bankers from 20 African countries under Sisi’s directives

The four-day program, organized on July 15-18

Sarb decision to cut repo rate broadly welcomed

Governor Lesetja Kgayango announced on Thursday that the rate had been cut to 6.5%.

Bank boards to pay heavily for cybercrimes in new regulations by CBK

"Payment Service Providers (PSPs) should carry out regular independent assessment and audit functions that shall be undertaken by the internal and external audit and risk functions … The board of directors is ultimately responsible for the cyb

Stanbic Kenya, China partner to ease imports

The programme has been jointly designed by Standard Bank Group, which Stanbic Bank Kenya is a member of, and Industrial Commercial Bank of China (ICBC).

Combating financial crime - KPMG

3 focus areas for banks to achieve more effective and efficient customer due diligence

In Zimbabwe, risk perception trumps orthodoxy as inflation soars

The Zimbabwean consumer is highly sceptical over government policy

Sino-Africa partnership holds much potential

China has increasingly looked to the continent as an integral part of its plans.

CBK bets on single clients database to rein in fraudsters

The platform will be used by financial institutions

Pension Money Will Only Be Accessible After Retirement, Says Treasury

A shocker it will be, for the employees who would lose their jobs before the expected retirement age of 55 years

Senator denies owning properties seized by federal government

The disclosure is against the backdrop of the recent clampdown by the anti-graft agency, sealing houses, filling stations, residential buildings and other properties it said had been traced to Mr Nwaoboshi.

Watered-down rules show regulators aren’t serious about reining in corporates

These documents, in particular the first two, appeared to indicate willingness on the part of regulators to strengthen some of the weaker areas of corporate governance and responsible investment oversight.

US blames corruption for slowing down foreign investments in Kenya

Investors warned that corruption remains deeply rooted in Kenya's society and economy.

CBN’s new lending policy puts 7 banks under pressure

Financial analysts said more smaller banks would also be affected, adding that the pressures may force the banks to sidetrack the policy and opt to stay with the penalty for non-compliance.

KCB to delist National Bank on State stake

This is designed to ensure that dissenting investors are given an opportunity to exercise their option of declining the offer and remaining part owners in a listed company.

Mozambique’s former finance minister Chang could be heading for rendezvous with US justice system

New Justice Minister Ronald Lamola’s decision to oppose Manuel Chang’s extradition to Mozambique opens the way for him to be tried in the US.

CBK pushes for lower mobile loan fees

The pricing of some of the mobile phone-based loans includes a huge component of fees, which is outside regulatory control.

Regulation,Tax & Compliance