Managers of Wealth Africa

18 banks at risk of losing commercial banking licence in Ghana

Amongst these 15 banks, six have met the requirement while the other nine are approaching the door step.

London Court of International Arbitration's joint venture with Mauritian Government terminated

The LCIA-MIAC was designed to help the Mauritian Government establish Mauritius as an international arbitration hub for the African region with the LCIA’s support.

ADGM, South Africa’s CIPC sign MoU

Registration Authority of Abu Dhabi Global Market to work collaboratively with CIPC on issues of mutual interest in the registries sector

New Crack Down On Offshore Tax Dodgers Ready For Action

The UK has 64 tax exchange agreements under the common reporting standard.

Italian banker dodges queries on Africa deals

Sources in Washington say Intesa Sanpaolo has expressed interest in entering a co-financing deal with OPIC on the two mega African M&A deals.

The Compliance Complexity Index 2018 - TMF

At the same time, legal and tax teams need to know what jurisdictions are complex for handling compliance issues.

Kenya mulls reforms to combat money laundering, terrorism financing

Kenya cannot afford to have its reputation and financial institutions tarnished by associating with money laundering

Tunisia approves illegal enrichment law to strengthen anti-corruption fight

The law “is another step in efforts to fight corruption, ensure transparency and preserve public money.”

New products, standards buoy Islamic trade finance business

Some firms are now introducing digital Islamic trade finance platforms, including Emirates Islamic Bank which has launched an online supply chain tool, CIBAFI said.

Kenya named among world's biggest tax havens where the rich hide wealth to evade taxes

Tax Justice Network cited Nairobi International Financial Centre as Kenya's tax haven

70% of Kenyans have been victims of digital financial transaction fraud

Joining CNBC Africa is Fabien Delanaud

Future of Kenya’s small banks murky as bigger rivals swoop on projects

Kenya's central bank is quietly engaging the small lenders in merger and acquisition talks to help them voluntarily close shop.

Ugandan banks are unhappy with multiple Sharia boards requirements

They are, instead, suggesting a joint Shariah board to serve the entire industry under a cost-sharing arrangement

TEF Partners French Development Bank On Entrepreneurship

To young African entrepreneurs: never listen to people who are telling you to wait

Unified sharia board poised to maximise benefits of Islamic banks

There is need for more awareness to ensure that the public both Muslims and non-Muslims are aware about Islamic finance

Angola’s National Bank cancels authorisation granted to Ecobank Transnational

The aim, he said at the time, was to strengthen the network in Portuguese-speaking countries

BoG limits reappointment of Directors, CEOs of insolvent banks

Amongst others the directive sets the framework which helps in determining whether a person is fit to be a director, a significant shareholder or to hold a key management position within the organization.

Kenya, Switzerland sign pact to return stolen wealth

The framework, which is in line with the United Nations Convention against Corruption, provides the principles to guide the recovery of stolen assets.

Central bank urges financial operators to diversify products

At present, we do not have many operators today that are pushing that form of insurance

FPI withdraws from running regulatory exams

Cites the need to tighten controls.

Regulation,Tax & Compliance