Managers of Wealth Africa

ENSafrica’s Thierry Koenig nominated to sit on the Institute of Judicial and Legal Studies board

The IJLS plays a key role in the professional development of barristers, attorneys and notaries in Mauritius

CBK okays liquidation of Chase Bank

The report indicates that considering the weak status of Chase’s financial position, liquidation is the only feasible option,” said CBK.

Pension schemes lean on bonds in tough economy

In contrast, they saw a decline in the value of equities investments by Sh10 billion to Sh218.12 billion, largely due to a fall in share prices at the Nairobi Securities Exchange (NSE).

Kenya proposes 'investor friendly' PPP law reforms

The bill also envisages a more robust project management and institutional framework through the establishment of a PPP Directorate and project implementation teams.

Finance Ministry 'closely monitoring' BBS saga

Axed managing director, Pius Molefe and the board earlier today locked horns at the Lobatse High Court over an interim order won by the board that pushed out the veteran administrator.

Breaking down your offshore allowance

How much, how often and what to do if you breach the limits?

Mauritius updates to the Anti-Money Laundering and Combatting the Financing of Terrorism handbook

The Financial Services Commission (FSC) in Mauritius issued an Anti-Money Laundering and Combatting the Financing of Terrorism Handbook 2020 (AML/CFT Handbook) in January 2020

KRA targets Sh81bn on removal of tax reliefs for wealthy

The Treasury and the taxman have in recent years been looking to claw back some of the preferential rates of tax, investment deductions, tax reliefs, zero-rating for VAT purposes, remissions of taxes and exceptions.

Banks’ Impairment Charges Soar by 113% to N228bn

Besides, the World Bank has sustained pressure on the federal government on the need to remove all forms of subsidy on petrol and electricity supply and to harmonise the forex rate.

SEC clamps down on firms dealing in illegal foreign investments

The commission stated that these unregistered platforms also claim to be operating in partnership with capital market operators (CMOs) registered with the Commission, warning such CMOs to desist henceforth.

BRICS development bank approves $1bn COVID-19 loan for South Africa

The loan will support the Government of South Africa in its efforts to contain the economic fallout of the pandemic and start economic recovery," the bank said in a statement.

CBN gets order to freeze 194 accounts in 17 banks

In one of the suits against Nuru Abubakar and 24 others, the court granted the request by CBN to freeze the account of the defendants in the banks for 45 days.

South Africa POPIA: Final Guidance Note for Information Officers and Deputy Information Officers now published

The Guidance Note also provides welcome clarification in respect of the role of the Information Officer for private bodies that are juristic persons.

The big question for the rand right now

Lower US interest rate expectations boost investors’ appetite for emerging markets assets such as the rand, which offer higher returns but carry more risk, Reuters reported.

CBN freezes 11 bank accounts

The motion exparte which was dated March 12 and filled on March 16 sought the mandatory order of the court to direct First City Monument Bank Limited to freeze all transactions on accounts and all other bank accounts of the defendants for a period of 180

Regulation,Tax & Compliance