Managers of Wealth Africa

SMEs bear the brunt of tighter bank regulations

Survey shows only 5% of SMEs in sub-Saharan Africa ‘adequately served’ by banks.

Ecobank gets $310m AFDB trade finance support

The bank added that it would enhance support to local enterprises in sub-Saharan Africa

Apex bank sets limits on banks' investment in govt Islamic bonds

The central bank said it considered the need to issue the guidelines to enhance the quality of sukuk instruments.

Africa's under-developed markets play catch-up with Basel

Since that collapse, the system has been on a course of antibiotics, one that hasn't quite worked.

Central Bank boss Patrick Njoroge feted for cleaning up banking sector

He emerged top for his integrity and was praised for re-establishing order in Kenya's banking industry.

SA’s outdated banking regulations stifling innovation

More significant than the high cost of entry is the fact that we have a banking and regulatory framework in South Africa that is incentivised to maintain the dominance of the large banks and to exclude new entrants.

Fall in South African inflation seen temporary cbank governor

There is no room for complacency in monetary policy

Union warns banks of court battles in looming layoffs

The banking industry fired 2,036 staff, most in clerical and secretarial units

CBK warns banks against changing customer deposit accounts

Banks had moved to reclassify deposit accounts to avoid paying the huge interest that would have accrued with the change in the law.

Banks face CBK wrath for increasing charges

Besides regulatory approval, the banks should explain to their clients the reasons for varying charges or terms and conditions in the existing contracts

BGFI Bank chooses Wolters Kluwer for regulatory reporting

Other banks that have recently signed up to use OneSumX include Banco Santander, Taiwan Business Bank, Bank BGŻ BNP Paribas and Sberbank.

FSB fines Lion of Africa and Sanlam

The FSB says the parties agreed on a penalty of R10 000.

CBK demands Sh45 billion refund from Imperial Bank

The CBK says fraud by Imperial Bank directors has caused instability in the banking sector and subjected customers to stress and hardship brought about by loss of their deposits.

Performance fee loophole closed on tax-free savings

Performance fees may not be charged in TFSAs nor in any of the underlying funds in which the TFSAs are invested

CBN Sets New Standard For Banks On Compliance

CBN set a new qualification standard for the Banks in their appointment of people into the position in line with its decision to enhance minimum qualification for the position

Banks Decide New Minimum Capital

The Bank of Ghana, in March 2003, raised the capital levels of banks to GH¢7.0 million.

CBK says foreign banks targeting local market despite new rate cap

A return on equity of 30 per cent indicates that an investor is likely to recoup their equity input in just over three years.

Commercial Bank of Africa insists M-Shwari is not subject to new laws

The Commercial Bank of Africa maintained its M-Shwari product is not developed on an interest model and is therefore exempted from the new banking law that caps interest rates. According to CBA CEO Isaac Awuondo, though its product fully complied by the

Bank Of Ghana Maintains Policy Rate At 26 Percent

The upside risks to the inflation outlook are the unanticipated shocks, especially with regard to the intermittent upward adjustments in petroleum and utility prices.

Nigeria: How We Got Into Trouble - Central Bank

Political tension between Iran and Saudi Arabia trying to play their game as usual; and of course the US Fed's actions since 2009.

Regulation,Tax & Compliance