Managers of Wealth Africa

Standard Bank Charter Compliance At 61 Percent

The objective of the charter is to facilitate the transformation of the Namibian financial sector and to bring about tangible benefits for Namibians.

Financial services rules ‘disadvantage new entrants in sector’

A flood of new regulations in financial services makes it difficult for new entrants to break into an already highly consolidated sector

Skye Bank links sustainable economic growth to policy implementation

Africa’s sustainable economic growth rests on the faithful and committed implementation of the ongoing policy and regulatory reforms, improved governance, political stability on the continent and other business facilitation reforms

Financial Stability Board For Sub-Saharan Africa Meets In Accra

The Bank of Ghana has hosted the fifth meeting of the Financial Stability Board Regional Consultative Group for Sub-Saharan Africa in Accra.

Regulator to bar Saccos not meeting Sh10m capitalisation rule

Bosa refers to Saccos operating their services like loans and repayments

IFC leads Basel III recapitalization to support FirstRand's expansion in Africa

FirstRand continues to grow and improve access to finance

RPT-Fitch: South Africa Credit Record Rules Moderately Increase Risk

Under regulations that took effect at the beginning of last month, a registered credit bureau must remove adverse consumer credit information within two months of April 1 2014.

South Africa: 'Credit record rules increase risk'

The removal and restriction on use of adverse credit information will increase risk in the system

Standard Bank supports efforts to combat money laundering

Standard Bank Namibia says it supports local and global efforts to combat money laundering and the financing of terrorist activities.

Holdco structure: Defaulting banks to lose license

The Central Bank of Nigeria has released exposure draft on guidelines for licensing and regulating holding companies four years after it repealed the universal banking guidelines and introduced a new banking model that allows banks to adopt a holding comp

South Africa: Investors shrug off banks’ fines

Share prices of the four major banks surged this week after the Reserve Bank fined them R125m for not complying with money-laundering rules — sending a clear message that investors were wholly unconcerned about these “administrative sanctions&

Durosinmi-Etti: I am Leaving Skye Bank in a Sound, Solid State

Mr Kehinde Durosinmi-Etti, the outgoing Managing Director/Chief Executive Officer of Skye Bank Plc, spoke to business editors on his tenure and his future plans.

SA hedge fund regulations published

Hedge funds are pooled investment schemes supervised by a professional management firm, investing in a wide range of markets and using a variety of investment styles and financial instruments.

Reserve Bank fines banks over lack of effective anti-money laundering measures

Standard Bank was found to have failed to meet its obligations

South Africa’s Biggest Banks Fined in Money-Laundering Probe

The seven-member FTSE/JSE Africa Banks Index declined 0.5 percent

Zenith Bank issues $500m Eurobond at 6.5 percent yield

The yield at inception was 6.5 percent, slightly below the high 6 percent area initially announced, and the equivalent spread over UST of 485 basis points bps.

GT Bank boss rules out possible shock in banking sector 2014, targets 10% of profit from subsidiaries

He made his projection based on the choice of the new CBN boss, the chief executive of Zenith Bank, a colleague who he said has a good understanding of the state of the sector.

Egypt’s central bank bans dealings with Sudanese banks

Egyptian banks are refusing to receive wire transfers from Sudanese and Libyan companies in line with instructions issued by the Central Bank of Egypt

CBN Clears Former Bank Chief

Obigwe, who was cleared last week, had been waiting since 2009 for the central bank to give him a clean bill of health.

World's Largest Investors Engage Stock Exchanges on Sustainability Reporting Standard for Companies

Sustainability advocacy group Ceres, in collaboration with BlackRock and other major institutional investors across the globe, announced an initiative to engage global stock exchanges, via the World Federation of Exchanges, on a uniform standard for susta

Regulation,Tax & Compliance