Managers of Wealth Africa

Kenya's CBA Gets 53% of NIC in Biggest Bank Deal in Decade

The merged bank will have a combined asset base of 415 billion shillings ($4.11 billion) in Kenya alone and 9 percent of all loans in the nation.

World bank, Germany to work jointly on African development

BMZ will provide significant additional financial support through the partnership

Kenya has room to refinance government debt, says CBK governor

In October, the International Monetary Fund increased Kenya’s risk of defaulting on its debt repayments to moderate from low, citing the government’s public investment drive and revenue shortfalls in recent ye

NCFA: Ground-Breaking Guide Launched in South Africa to Empower Banks to Assess Natural Capital Risk

The guide is part of the Advancing Environmental Risk Management (AERM) project

How foreign employment income tax will impact South African expats

Do not believe the fear mongers suggesting you must emigrate formally to correct non-compliance.

Nigeria: CBN Releases e-Payment Guidelines for Salaries, Pension, Remittances

This is expected to reduce the time and costs of transactions, minimise leakages in revenue receipts and at the same time, provide reliable audit trails, thereby making the Nigerian payments system align with international best practices.

MPs in secret push for Sh7m pension payout

The salaries commission has advised against the proposed send-off package

Pension Assets Hits N8.5tn

The commission, in the statement, also noted that public confidence and acceptability of the contributory pension scheme has risen as number of contributors grew to 8.41 million as at December 2018, while a total of 260,808 retirees are receiving monthly

AMG, SA firm in coin deal

The South African Mint is one of the preferred manufacturers of coins and coin blanks in the world and has been the leading African mint, with over 120 years’ experience in supplying coins to Africa and the world.

A tax revolt is already happening in South Africa

“In the 21st Century, there have been over 80 case studies of impactful tax revolts.

KCB looks to merger and acquisition deals for growth

Lawmakers blocked an attempt by Finance Minister Henry Rotich to repeal the cap last year, arguing that banks could not be trusted not to charge customers high rates.

Revealed - Lucrative Businesses Where City Crooks Launder Their Money

The Financial Reporting Centre and Kenya Bankers Association have called for a review of the law to require non-financial firms to start reporting suspicious dealings and transactions from Sh1 million.

Kenya seeks adviser for third sovereign bond

The country’s total public debt stands at over Ksh5 trillion ($50 billion) which is equivalent to more than half of GDP, raising concerns about its sustainability.

CBN’s new policy to capture the ‘unbanked’

CBN Deputy Governor on Financial System Stability, Mrs. Aisha Ahmad, who unveiled the new policy at the National Financial Literacy Stakeholders’ conference in Abuja, also revealed that the apex regulator has released a new policy framework on Consu

Angola’s parliament approves elimination of double taxation with Portugal, China and UAE

Portugal’s parliament last week voted in favour of the motion to approve the Convention on the Elimination of Double Taxation in Income Tax and Preventing Tax Fraud and Evasion between the Republics of Angola and Portugal, for an initial period of e

Earning foreign income? You need to prepare or get hit hard

This is particularly true of South Africans living in low tax jurisdictions like Dubai - where no income tax is levied - who may have built up substantial offshore assets with tax-free income.

Pointers from some decent proposal

Both the executive and the legislature are preoccupied with the forthcoming election

Uganda says MTN unit to sell stake to state-run pension fund

Planned share offers by MTN Uganda follow similar moves by group in Ghana and Nigeria – both agreed to by the Johannesburg-based company as part of a deal with regulators.

Panic as CBN plans to go tougher on bank capital rules

CBN also vowed to work on rules that sought to protect the nation’s banks against shocks emanating locally abroad

Mauritius PM inaugurates SBM Bank (India) Ltd in Mumbai

An official said that as a new entity, the SBM Bank (India) Ltd will expand its Indian network by end-March 2020

Regulation,Tax & Compliance