Managers of Wealth Africa

Mergers hold the next growth story for many banks in Africa

Fully cognisant of this, a number of banks in the region have warmed up to, and even consummated, the idea of mergers.

Asian Investment Bank approves Morocco’s membership

He also noted that the accession of new members of the Bank in Europe and Africa also reflects the importance of the development of interregional communication, led by the banking group, especially with regard to the establishment of sustainable infrastru

Kano releases N2bn pension, gratuity arrears to beneficiaries

Ganduje, who was represented by his Deputy, Dr. Nasiru Yusuf Gawuna, noted that the administration since assumption of office, had expended over N36 billion as monthly pension to pensioners in the state.

We’ve met GHC400m minimum requirement – Cal bank

It comes after the bank revealed plans to transfer GH¢50 million from its income surplus to increase its stated capital to meet the GH¢400 million requirement.

MiFID II prompts Bloomberg to partner with ETF providers to launch volume feed

Increasing transparency

Bank of Baroda to shut three African branches by June

As on January 31, 2018, PSBs had about 165 overseas branches, besides subsidiaries, joint ventures and representative offices.

Big banks and Rakesh Jhunjhunwala line up to bid for IL&FS Securities

A deal for the securities business was previously struck with IndusInd Bank and Securities & Exchange Board of India had approved the proposal.

Turkish lender, African bank sign $1B agreement

Turkish exporters to be provided $1B financing as per agreement, says Turkish lender Aktif Bank

Access Bank, 27 lenders develop Global Banking Principles

By adopting the principles, Access Bank and the other institutions have signified a commitment to help promote the uptake of the principles among their members and networks.

EAC deposit insurers to harmonise rules to fix troubled banks

EAC member states through the Monetary Affairs Committee resolved in 2016 in Kigali to jointly put in place measures to deal with troubled banks.

UN to improve digital financial inclusion in Africa with FITAF

Data also shows that Africa, contributes 17 % to the total number of unbanked adults around the world, with Asia and Pacific accounting for 38% of unbanked adults.

US to Strengthen Commercial Ties with African Allies

The World Bank estimates that the continent needs more than $90 million per year to begin bridging the infrastructure gap.

Ghana could cut interest rates by March - Central Bank Governor

He said it was a measure that could help slow the recent fall in the country’s currency.

Court orders GT Bank to refund ‘disappeared blocked-funds’ to MET Capital Group

The suit commenced in 2016 against GT Bank (Ghana) Limited and another customer of the bank, Linksfield Ridge Realty Limited.

SA’s Communications Minister Takes Cybersecurity Campaign To Rural Areas

Ndabeni-Abrahams said her department is ramping up cyber safety efforts in preparation for the festive season.

Imperial Bank clients to get Sh20.3bn more in KCB deal

“The binding offer accepted, includes granting access to 12.7 per cent of eligible depositor balances remaining at IBLR within 14 days of this announcement, subject to account and identity verifications,” said the joint statement.

East Africa’s investment policies hurting foreign inflows into region

Last year, an Australian mining company, OreCorp, announced plans to review its operations in Tanzania after the country revised its mining laws to enable the government to renegotiate all mining

SBM Bank eyes HNIs, small biz for growth

Besides SBM Bank, Singapore-based DBS Bank is also converting its local branches into a wholly owned subsidiary

Kenya launches new generation currency

The 2010 constitution mandated the Central Bank of Kenya to spearhead the production and roll-out of the new currency.

KCB cleared to acquire stake at Imperial Bank

To this effect, its bid has been accepted subject to completion within 14 days of the announcement.

Regulation,Tax & Compliance