Managers of Wealth Africa

Zimbabwe lobbies to rejoin Commonwealth

The late Mugabe, who ruled Zimbabwe between 1980 and 2017 with an iron fist, was at the loggerheads with the Commonwealth over alleged human rights abuses and electoral fraud.

South Africa rail policy sets out vision for future investment and private sector participation

The government has identified required interventions at two levels.

No more masks, but can employers still enforce mask-wearing in the workplace?

This means that there are no longer any laws or regulations mandating mask-wearing.

New banking laws proposed for South Africa

“It seems that the SCA’s basis for this decision was that the relationship between a bank and a client is a contractual one,” he said.

UK watchdog fines Ghana International Bank for poor controls

This restriction remains in place.

Verification Of Clients Under FICA And The Dangers Of Asking For Too Much

FICA is aimed at the identification of the proceeds of unlawful activities, combatting money laundering and combatting the financing of terrorist and related activities.

Taming Risk Factors in Open Banking

The forum focused on the risk factors emerging from open banking system and how best to tame them.

Verification of clients under FICA and the dangers of asking for too much

The companies viewed Nedbank’s conduct as unjustifiable and unlawful and instituted proceedings to claim damages in the amount of ZAR181 103.31, together with interest and costs.

South Africa in for more pain in the coming months: Investec

This would be the first time since March 2017 that inflation tops the upper limit of the South African Reserve Bank’s inflation target range

Africa: AfCFTA Success Depends On Strong Africa Bank Lending

Manufacturing requires patient capital which can be invested for a long period of up to five to ten years and even more.

Opportunity Cost of Nigeria’s Trade and Industrial Protectionist Policies

This is the verdict of the World Bank in its latest report titled, “Nigeria Development Update June 2022

SEC Reiterates Commitment to Financial Inclusion Drive

The products and services he stated, must meet the needs of individuals and businesses and must be delivered sustainably and responsibly

On the Back of Inflationary Pressure, Banks increases Maximum Lending Rate to 27.79%

The hike in MPR was the first time in two and a half years that the policy-setting committee of the nation’s financial regulator would increase the rate.

South Africans can get ‘retirement visas’ for these 3 countries without having to buy property

They allow applicants to continue to work remotely and, unlike the current RBI and CBI schemes, they do not require applicants to buy real estate.

South Africa expected to break inflation ceiling this week – as more interest rate hikes loom

These inflation figures, which are not unique to South Africa, are expected to be felt across the global markets as central banks look to rate hikes to bring them under control.

CBN, Banks and Multifunctional Uses Of eNaira

It is on record that globally, after the first Central Bank Digital Currency (CBDC) known as Sand Dollar was launched by the Bahamas in October 2020, Nigeria came second barely a year after with the launch of the eNaira.

ARC Group and African Bank provide drought insurance payout to Zambian Government

This will enable the timely emergency response activities in communities affected by drought, through the provision of cash transfers and food assistance to ensure food is available for the targeted households during the lean season period

Worsening Insecurity in Nigeria Worries IMF

The fund in the statement noted that Nigeria’s economic recovery continued to gain strength on the back of services and agriculture with GDP growth reaching 3.6 percent (y/y) in first quarter 2022.

StanChart reports doubling of fraud threats in one year

The bank also laid off four employees last year as it stepped up its efforts to reduce fraud-related cases carried out by its staff.

FG Raise N2.28trn Bonds, $4bn Eurobonds to Bridge 2022 Budget Deficit

NGX had explained that it continued to thrive as a multi-asset securities exchange providing access to a diversified range of assets including equities, fixed income, Exchange Traded Products (ETPs).

Regulation,Tax & Compliance