Managers of Wealth Africa

Big rift in rate cap review call as CBK mulls law amendment

Concerns that banks were ripping off ordinary Kenyans who had taken up different loan products has led to various laws being developed since the 1990s

Libyan Investment Authority V Goldman Sachs: Court of Appeal refuses permission to appeal

The Court of Appeal refused an application for permission to appeal made by the LIA on all grounds submitted.

Morocco: Platform for Trade & Investment Facilitation with African States launched

ITFC has identified the importance of developing trade hubs in Africa

This specialist investment bank is turning the dreaded Mifid II regulation to its advantage with a range of new hires

Mifid reinforces the reasons for trying to provide clients with high quality services.

Why Nigeria's New Luxury Tax Policy Is Yet to Take Off - Adeosun

"Whether taxing the rich will increase public revenue or not, it is all about public revenue to which they are obligated for public services."

Sars gets R1bn revenue boost from undeclared offshore assets

More than 2 000 taxpayers made use of the Special Voluntary Disclosure Programme.

South Africa to woo investors at IMF meetings

All three agencies have warned that persistently low growth at struggling state firms heavily reliant on government bailouts pose significant risks to the country’s ratings.

Revenue mobilisation in Africa continues to improve, says new report

A special chapter in the report discusses the role of domestic resource mobilisation in improving governance and the business environment, particularly in the African states classified as fragile.

Bank of Baroda is said to be probed in South Africa over Guptas

Zuma and the family deny wrongdoing.

Bank of Uganda releases Agent Banking Regulations

The Central Bank is also required to vet and approve each person selected by a financial institution to act as its agent for purposes of conducting agent banking.

IMF raises concerns over weakness in Nigerian banks

The Economic Counsellor and Director of Research, IMF, Maurice Obstfeld, spoke at a press briefing at the Fund’s headquarters shortly after the release of the report.

Finally some clarity on impending margin requirements for OTC derivatives

It is therefore reasonable for market participants to anticipate that the final Board Notice will be substantially similar to the Second Draft Board Notice

State Bank of Mauritius makes non-binding offer to acquire some of Chase Bank’s assets

For its part, Société Générale seems to be satisfied with the subsidiary license it obtained few weeks ago

Zambia: Boz Assures Ex-Intermarket Account Holders

Dr Ng'andu said the account holders would be paid as soon as the new management started operating.

SG to meet new capital requirement — MD

This year’s Customer Service Week was designed to celebrate the commitment of customers who have stayed with the bank for 20 years or more.

Kenya's central bank says has non-binding offer from Mauritius's SBM for Chase Bank

“If agreed, it is expected that the proposed transaction will be concluded by the end of 2017,” the central bank said.

What SA couples can learn from Hugh Hefner's antenuptial contract

How to interpret an unclear or badly drafted will may have to be settled in court, said Brink, which can be a costly affair per se.

Botswana Accounting Regulator Monitoring Lawsuit Against KPMG

The authority hasn’t received any complaints regarding KPMG Botswana’s conduct.

South Africa: Proposed repeal of foreign employment income tax exemption

SA tax residents are taxable on their worldwide income.

South Africa orders pension fund probe over possible irregularities

We need to assure pension holders that those with political or economic power will not be allowed to unduly influence the PIC.

Regulation,Tax & Compliance