Managers of Wealth Africa

As Africa tightens money policy, Botswana goes the opposite way and lowers interest rates

Central banks in South Africa, Ghana, Angola, Kenya and Uganda have raised interest rates this year to ease pressure on their currencies.

Skye Bank Attains IT, Security Management Certification

The Central Bank of Nigeria had made the certifications statutory for banks as a way of expanding their capabilities in IT and security management systems as well as business continuity management.

Kenya Central Bank Urges Slower Pace on Bank Consolidation

Kenya, with a $55 billion economy, has 43 commercial banks and a mortgage-finance company, according to the Central Bank of Kenya.

Regulations And Fiscal Incentives Could Speed Islamic Finance Development In AfricaReport Says

The success of Malaysia in South-East Asia as a hub for Islamic finance lies among other things in the strong regulatory framework to support the sector's growth

Bank of Tanzania and MetricStream Awarded “Best Governance, Risk, and Compliance Project in Africa”

The two companies were recognized for building a robust and integrated program for governance, risk management, and regulatory compliance, supported by MetricStream GRC Apps

Nigerian banks publish names of debtor companies, individuals

According to local media reports, nine banks published the names of the loans defaulters on Monday while four banks released the lists of their chronic debtors

Nigeria’s delinquent debtors face naming and shaming

A sharp drop in the global price of oil, Nigeria’s main export, has triggered a series of crises in Africa’s largest economy.

Jersey signs tax agreement with Seychelles

The Government of Jersey has signed a double tax agreement with the Republic of Seychelles.

S. African Expropriation Law Will Spook Investors, Banks Say

A draft law that would allow South Africa’s government to expropriate property without having to pay compensation at market prices would undermine the rights of owners and mortgage holders and deter investment

Regulatory change won’t destroy African Bank – curator

‘Culture was part of the problem.’

Nigeria, U.S Seal Deal To Recover Stolen Wealth

US will also offer training to judicial staff and prosecutors “in order to place Nigeria in a good position to uncover proceeds of corruption and for improved prosecution of cases of crime.

Amendments to the JSE debt listings requirements

On 8 July 2015, the Johannesburg Stock Exchange ("JSE") published the latest amendments to the JSE Debt Listings Requirements. The key amendments are:

NDIC Faults Poor Governance Culture in Banks

Weak corporate governance had been identified as one of the major causes of financial system distress in the Nigerian Banking Sector.

Brics brings SA trading and banking wins

The Brics nations have economic clout that rivals that of the US, writes Andile Ntingi.

BVN: Central Bank sets up centre in South Africa

The good news is that from South Africa, Nigerians can monitor their accounts at home and feel relaxed that their accounts will not be closed because they were not captured for the BVN

DTC recommendations may see Trusts receive a full frontal tax lobotomy

The report seeks public comment but suggests that estate duty is in dire need of modernisation.

Daniel Mminele: Global monetary policy normalisation and South African financial markets

Address by Mr Daniel Mminele, Deputy Governor of the South African Reserve Bank, at the Annual Conference of the Bureau for Economic Research, Johannesburg, 12 June 2015.

Standardizing Regulation In a World Markets of SME

Alternative lending is now a massive market on the globe, gaining the most traction in developed economies.

BoG warns Banks

The Bank of Ghana (BoG) has warned banks in the country to stop sourcing for expensive wholesale funds from the markets.

OTC derivative participants: take note! - ENS Africa

South African regulators should perhaps follow other jurisdictions’ legislation in allowing such re-use, subject to certain conditions

Regulation,Tax & Compliance