Managers of Wealth Africa

Mauritius Bank Building ‘Strong’ Kenya Presence After Chase Deal

SBM Holdings chairman says he is open to more acquisitions

PenCom, LASPEC move to implement PRA 2014

Lagos State Pension Commission (LASPEC) Director-General, Mrs. Folashade Onanuga, said it was cogent to update the state government officials in charge of pension matters on innovations in the PRA 2014.

Barclays Africa Board to Discuss KPMG's VBS Bank Work in May

The relationship with KPMG remains under review pending the outcome of investigations by the audit and accounting regulators,” Barclays Africa said in an emailed statement on Tuesday.

KPMG South Africa fights for survival as public image shattered

Over the past eight months, the auditor issued a public apology for work done for the politically connected Gupta family, withdrew the findings of a report about the country's tax authority

South Africa's Kganyago Says Prices a Key Trigger for Action on FX

Reserve Bank has ‘breathing space’ on inflation risks

KPMG woes deepen after VBS bank scandal

The South African Reserve Bank placed the troubled VBS under curatorship after a major liquidity crisis on March 11.

Eyes shift to CBK decision on National Bank directors

We get a further glimpse from a Central Bank of Kenya statement that sheds light on the inefficacious NBK Board.

Mauritius freezes 58 bank accounts linked to Angola's sovereign wealth fund

The son of José Eduardo dos Santos, Angola’s former president, Jose Filomeno dos Santos was until recently the head of the national sovereign wealth fund.

Mauritius Suspends Quantum Funds After Angola Official Visit

Seven funds invested cash from Angola’s sovereign-wealth fund

Access Bank, GTB fined for illegal charges, other CBN violations

A breakdown shows that during the year, while GTB paid about N18 million as fines, Access Bank paid over N78 million to the regulatory agencies.

SARS warns on cryptocurrencies

The onus was on taxpayers to declare all cryptocurrency-related taxable income in the tax year in which it is received or accrued, SARS said in a statement.

Over 250 land titles, bank accounts seized as prosecutors go after corrupt officials

At the international level, he said, assets acquired fraudulently are traced through mutual legal assistance requests, and joint investigations.

Canada and South Africa Continue to Meet Requirements for Endoresement

As a result, there will be no disruption to EU registered credit rating agencies’ ability to endorse credit ratings from these jurisdictions following the entry into force of the new requirements.

South Africa's central bank mulls cryptocurrency regulations

The self-regulatory organisation (SRO) would be a non-governmental body with the power to publish its own rules, directives and industry standards

A brief history of business laws in Mauritius since 1968

The Constitution therefore provided the framework for Parliament to enact laws to promote and protect business and the fruits of business.

UBA expands presence in London, gets licence for banking activities in UK

Following this authorization, UBA is now the only Sub-Saharan African bank to conduct banking activities in New York and London

The Central Bank of Uganda Comes Clean About Looming Debt Distress

The IMF relied on three key arguments to explain why Uganda’s steeply rising indebtedness was not a cause for concern to them. They then summarised the situation as follows:

Trustfund cautions employers against non-remittance of pension funds

We appeal to employers to comply with the law lest they face the wrath of the law. It is not in anybody interest that employers are sanctioned.

Ballooning Uganda debt poses default risk, central bank says

Over the last decade the government of long-ruling President Yoweri Museveni has ramped up borrowing, mostly from China, to fund infrastructure projects including roads, power plants, fibre cable networks and an airport expansion.

Recent Updates in Mauritius

The MRA has introduced the Tax Arrears Settlement Scheme.

Regulation,Tax & Compliance