10/22/2015
First Rand bank now open to public
This comes after First Rand Bank received final approval from the Bank of Ghana to start operations in the country in August this year.
Regulation,Tax & Compliance
10/22/2015
Six From Cameroon Among First 200 African Bank Rating
The first Cameroonian bank comes 78th on the continent and second at the sub-regional level.
10/22/2015
Kenya's central bank to boost bank supervision after Imperial problem
It was the second bank taken over since August, when Dubai Bank Kenya Ltd was put in receivership after liquidity problems.
10/21/2015
Strengthening South Africa s resolution framework for financial institutions
Address by Mr François Groepe, Deputy Governor of the South African Reserve Bank, at the public workshop on the discussion paper titled "Strengthening South Africa s resolution framework for financial institutions" Cape Town, 15 September
10/20/2015
Liquidation battle looms for troubled Abil
The general strategy has been to sell off all the assets and subsidiaries housed in the bad bank.
10/20/2015
Telkom, Old Mutual partner to offer added value to customers
This innovative offer is a South African first.
10/20/2015
SEC to Deepen Non-Interest Segment of Capital Market
The Securities and Exchange Commission has restated its determination to deepen the non-interest segment of the Nigerian capital markets in order to enable million ethical investors participate in the market.
10/19/2015
Reserve Bank forex probe finds no evidence of misconduct
The review came amid a similar probe by the Competition Commission and a global regulatory crackdown on traders who conspired to fix interest rates.
10/16/2015
South Africa's African Bank drops deal to buy insurance business from parent
The deal had been announced in September as African Bank sought to assume control of a business crucial to its own operations.
10/15/2015
Zimbabwe to approach World Bank, IMF for new loans: finmin
Without any balance of payment support and starved of foreign credit, Zimbabwe is running its budget hand-to-mouth, leaving it with virtually no money for infrastructure.
10/15/2015
UT Bank’s recovery strategy showing positive results
The Bank has experienced financial challenges in the last two years, culminating in operating losses in the first four months of this year.
10/14/2015
Kenya Places Imperial Bank Under Statutory Management
Imperial is the second lender to be taken over by Kenyan regulators since Patrick Njoroge became governor of the central bank on June 19
10/14/2015
Ecobank Nigeria, Deutsche Bank Seal Deal on Trade Financing
The bank’s offering of a GSM-102 program will guarantee credit to encourage financing of commercial exports of US agricultural products, while providing competitive credit terms to buyers.
10/11/2015
IMF, World Bank Pledge to Help Kenya Tame Illicit Financial Flows
The World Bank and International Monetary Fund committed Friday to assist countries like Kenya build capabilities in developing domestic policies and practices that reduce such flows.
10/08/2015
Nigerian central bank offers relief to bank sector
Cuts capital reserve requirement; currency still under pressure.
10/06/2015
Islamic Development Bank approves US$895 mln for development projects in 10 member countries
The grants are aimed at boosting economic development and social advancement in member countries as well as Muslim communities in non-member countries.
10/06/2015
Mauritius signed an Investment Promotion and Protection Agreement signed with Dubai
This agreement is of strategic importance as significant economic exchanges are planned with the United Arab Emirates for major development projects, in particular the Maritime Hub of Port Louis.
10/05/2015
BAFT Launches Regional Council in Middle East,North Africa
Similar to other BAFT regional councils, the group will aggregate common issues and collaborate on thought leadership, solutions to shared challenges, and policy advocacy on behalf of the industry.
10/05/2015
SEC begins capital market firms’ audit
The Securities and Exchange Commission (SEC) would soon launch comprehensive investigative audits of capital market firms as part of post-recapitalisation process with a view to ascertaining the veracity of assets of the firms.
10/03/2015
Germany Commits 37m Euro To Boost Regional Integration
The programme is focusing on institutional strengthening of the EAC Secretariat and on supporting the implementation of the Customs Union, Common Market Protocols and Monetary Union.