Managers of Wealth Africa

How Digitisation Can Lead to Real Change in Africa’s Competition Laws

As a result, competition authorities are increasingly presenting novel theories of anticompetitive harm

Navigating South Africa’s Highly Regulated Investment Environment

Finance Minister Tito Mboweni has had cause to warn the public against unregulated offshore forex brokers operating in South Africa.

New code to guide CRB listings by digital lenders

Under amendments to the Central Bank Act which is currently under consideration of the National Assembly, digital lenders are set to be ushered back to credit information sharing which will allow parties to access and list borrowers with Credit Reference

Lenders to get borrowers’ consent on data sharing

"The code of conduct has three key objectives: data quality, consumer protection and customer-centricity,” CIS Kenya said in a statement.

Court freezes convicted banker Atuche’s N19 billion in 24 banks

While convicting the bankers, the judge had ordered that they should make a restitution of N25.7 billion to the Federal Government to replace the funds stolen from the public to bail out the bank.

Zulu's Green Paper an 'outlier' that created policy uncertainty

Its proposals included that South African earners pay up to 12% of their income to a National Social Security Fund.

South Africa to test ‘digital currencies’ with Australia and other countries

Globally, central banks are trying to come to terms with emerging payment technologies pioneered by tech firms including China’s Ant Group Co.

Mauritius: Amendments to Immigration Laws to Promote Investment and Increase Access to Non-Citizens

A non-citizen may, through the Economic Development Board, now apply for a family occupation permit

Nigeria selects Bitt as CBDC pilot partner

Bitt won the bidding to become technical partner in part thanks to its work on the development and launch of the Eastern Caribbean Central Bank CBDC's pilot earlier this year.

Deutsche Bank Cuts Ties to Zimbabwean Unit of Standard Bank

Cut-off adds to long list of international banks pulling out Parent company provides U.S. dollar clearing for Stanbic Bank

CBN directs banks to publish names of FOREX defaulters

Haruna B. Mustafa Director Banking Supervision Department of the CBN, who signed the circular, noted: “this trend, if not curbed, portends risk to the integrity and stability of the forex market”.

National Treasury set to limit assessed tax losses: agricultural and mining sectors among those industries to bear the brunt

The current proposal is to limit the assessed loss to 80% of the “taxable income” derived in any one year of assessment.

Lindiwe Zulu withdraws green paper on controversial state pension plan

The Green Paper was gazetted without approval from Cabinet, and Treasury told Fin24 that it wasn’t official government policy.

Digital Currency Gains Traction as CBN Appoints Technical Partner

IMF urges caution on adoption of cryptocurrency as national currency Ndubuisi Francis and James Emejo in Abuja

South Africa’s controversial social security and retirement proposals – 4 changes you may have missed

PwC outlined some of the key changes planned for workers that have not gained as much attention as the income grant and social security fund.

Nigeria’s central bank issues draft guidelines on e-naira CBDC project

The CBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing CBDC.

South African Central Bank Governor Reiterates: ‘Crypto Is Not Currency’ – Emerging Markets Bitcoin News

Predictably, Kganyago, just like many of his peers, praises blockchain technology saying it “can be useful in many other respects.” The governor also reiterates that SARB, just like central banks around the world, is experimenting with blockch

Gov't unveils Revenue Assurance and Compliance Initiative to bolster tax collection

The effectiveness of RACE, the Vice-President explained, depended on the ability to leverage on technology and to integrate the rich databases from the Ghana-Card, the Tax Identification number, Digital Address System, Passport Office, Driver and Vehicle

Insurance Regulator Urges Operators to Strategise for Effective Management of N14tn Annuity Premium

He said even before now, the above statement was misconception of what insurance does pointing out that most of the assets used today in Abuja was insurance fund.

Kenya’s KCB bank acquires Rwandese bank

KCB has subsidiaries in Tanzania, South Sudan, Uganda, Rwanda, Burundi as well as a representative office in Ethiopia.

Regulation,Tax & Compliance