Managers of Wealth Africa

African Diaspora Central Bank to invest $9 billion in electric vehicle startup

Mandrolli was birthed in the Eastern Cape, where Premier Oscar Mabuyane has agreed to support the initiative to the fullest.

Out of control and rising: why bitcoin has Nigeria’s government in a panic

As leaders around the world grapple with cryptocurrencies, what happened when the African country tried to ban them?

Regulator seeks law changes to subdue emerging market risks

These changes are targeted at private markets which include private equities, crowdfunding and venture capital type of investments.

Surprise tax boost for South Africa

While this windfall is set to help pay for the government’s recently announced Covid-19 and looting support, concerns lie beyond the current fiscal year.

Ghana Vice President Praises Central Bank's CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade

He said the Ghanaian government is ready to “give it the needed credibility and legal backing for usage.

High borrowing starves businesses of funds - BoG

The central bank added that while the banking sector had remained solvent, liquid, profitable and well-capitalised, its ability to support private sector growth and the economic recovery agenda drive in 2021 had weakened due to a moderation in credit disb

Walkers London launches EMEA-based Bermuda law practice

Walkers' London office provides time-zone sensitive Bermuda law support to clients in the EMEA region across the full range of legal services

Guernsey’s finance hub strengthened with growing relationships with South Africa

The benefits of Guernsey as a jurisdiction are well known in South Africa, notably its solid, world-class legal and regulatory framework offering investor protection and the established and experienced professional services available on the island.

Cybercrime is a life-threatening emergency – it must be stopped

The African Continental Free Trade Area (AfCFTA) agreement provides a further incentive to really step on the gas.

State freezes R100m in bank accounts linked to diamond dealer Louis Liebenberg

The order was granted in terms of section 39 of the Prevention of Organised Crime Act, which allows a high court to freeze assets if "reasonable grounds" exist to believe that the proceeds may result from unlawful activities.

Hard-hit South Africans might be allowed to withdraw pension money soon, Mboweni says

Mboweni said that workers should be able to access a percentage of their pension fund "in this time of difficulty".

HSBC faces questions over disclosure of alleged money laundering to monitors

Bank was under supervision by US Department of Justice-appointed team because of previous violations

Pension complaints and solutions

Somebody retired in June 2020 and up till now, the lump sum has not been paid.

Pension Scheme And its Many Challenges

Recently, stakeholders in the pension sector took a critical review of the on going Contributory Pension Scheme (CPS) in the country to determine its achievements and failures after 17 years.

NIFIAN Explores Risk and Return Sharing Concepts in Nigeria's Non-Interest Finance Market

Giving a presentation on "Risk and Return Sharing in Non-interest Banking: Catalyst for Business and economy recovery".

Cellulant Gets Approval from Bank of Tanzania to Become a Payment Solution Service Provider (PSSP)

This approval makes Cellulant one of the top Payment Solution Service Providers (PSSP) in Tanzania endorsed by the BOT to provide digital payments solutions across the nation.

African Development Bank Group, Ethiopia, sign $118 million in grant agreements to support agro industrial park, youth employment and Ethiopia-Djibouti power interconnection

The grant agreements were signed on 21 July 2021 by Ethiopian Finance Minister Ahmed Shide, and Kamara.

Regulation,Tax & Compliance