Managers of Wealth Africa

Insurance companies to pay clients Sh250,000 on collapse

The PCF is the equivalent of Kenya Deposit Insurance Corporation the deposit insurer for commercial banks, which compensates depositors when a bank collapses.

European investigators visit troubled Spencon after shareholder war

The Inspectorate General’s Fraud Investigations Division is currently looking into a complaint concerning ECP Africa and Spencon.

How technology can help insurance sector in Kenya come of age

Insurance became more sophisticated in Enlightenment-era Europe.

Kenya's Treasury Moves to Stop Plunder Ahead of Polls

The National Treasury has accused county governments of operating "irregular bank accounts" where they have deposited huge amounts of money contrary to government regulations

MPs now want to end hidden loan charges in fresh raid on banks

The new law caps interest rates on loans at no more than four per cent of the Central Bank Rate, which currently stands at 10 per cent, meaning banks cannot charge interest above 14 per cent.

Reserve Bank opposes Gupta associates' bank bid

One of the businesspeople is linked to the Gupta family, whom President Jacob Zuma describes as friends.

Banks get bashed in battle over South African financial system

Barclays Africa branch targeted by ruling party protestors.

Financial Stability and Pan-African Banking

Remarks for Conference on Cross-Border Banking and Regulatory Reforms

Nigeria likely to launch $1 bln Eurobond sale this week -finance minister

The 2017 budget passed its second reading in parliament last week.

IMF calls for stronger supervision of pan-African banks

They have supported the growth of individual countries with better products and services.

World Bank to help Eastern Africa enhance corporate governance

In the recent past, we have witnessed the collapse of a number of private firms due to bad governance.

Bank Of Ghana To License More Banks In Ghana

Ghanaian Banks see themselves as “Champions” ONLY in Ghana

Tunisia to issue $ 2.85 billion Eurobonds and $ 500 million in Sukuk this year

A government source said last Thursday Tunisia would start a roadshow on Feb. 5 for a 1 billion Eurobond.

IMF Executive Board Approves US$134.04 Million under the ECF Arrangement for Niger

The new program aims to enhance macroeconomic stability and foster high and equitable growth, boost incomes and create jobs, while strengthening the foundations for sustainable development.

Tanzanian govt seeks $785million World Bank loan

Finance and Planning Minister, Philip Mpango, says the projects include implementation of the second and third.

Get rid of interest rates cap, says IMF

The IMF had also warned against the caps but this is the first time it has explicitly called for their removal.

SA banks face a massive shake-up on how they treat their customers

The changes will affect financial institutions’ market conduct – this refers to the prices and other market policies pursued by banks in terms of both their aims and the way in which they coordinate these decisions.

Uganda: Is IMF in Uganda's Economy a Friend or Just a Necessary Evil?

The privatisation of UCB is one of those issues that haunt Mr Ezra Suruma, Uganda's former Finance minister and also managing director UCB.

DCCs (inward listing of US treasury notes) means South Africans can hold cash in dollars

Investors earn the return of a US Treasury note, receiving an income stream in US dollars

Kenyan Banks face new round of legislative uncertainty

If the set criterion is not met, State Agencies would be required to place their funds with the Central Bank or purchase Government securities.

Regulation,Tax & Compliance