Managers of Wealth Africa

South African central bank says inflation surprised on downside but remains high

Government officials have been meeting with them in order to convince them to change their minds.

‘First Guarantee Pension Board is Ready to Resume Business’

“We are looking forward to resuming in First Guarantee Pension to take back our business and hand back the business to the directors and shareholders of the company,” he said.

African Bank moves into transactional banking

New digital platform in the pipeline, focus on attracting retail deposits.

Regional banks in Africa need to balance risk with financial inclusion

One of its 14 initiatives is on financial and monetary systems that affect the banking sector..

Empowerment deal in Barclays Africa's sights

The group’s South African operation‚ Absa‚ previously concluded an empowerment scheme worth R5bn

Banks in Rand-Rigging Probe Are in Behind-the-Scenes Negotiations

The lenders that want to settle must agree to an admission of liability.

American bank wants SA’s “vague and embarrassing” rand-rigging probe dropped: report

Bank of America Merrill Lynch was named alongside 13 other banks as respondents in the Competition Commission’s complaint.

Germany demands its $550m from Zimbabwe

In 2004, KfW took its case to the International Court of Arbitration (ICA) after the cash strapped Harare government defaulted on repayments.

EU announces a new phase in relations with Sudan

Nine diplomatic missions of EU countries in Khartoum, a number of government officials, representatives of Sudanese political parties, civil society, the media, the diplomatic corps, religious leaders and community leaders attended the gathering.

Bank of Ghana directs banks to classify BDC loans

The programme instituted by government to repay loans owed by BDCs on the books of banks

Tanzania: Ecobank Changes Policies After Soaring Bad Loans

The bank saw a rise in NPLs which had since necessitated a change in its approach and strategy

Tanzania: Bank of Tanzania Revokes FBME Licence

Every bank and every financial institution which is licensed to carry on banking business in Tanzania is required by law to be a member of the DIB.

Tunisia: BIAT partners with BMCE Bank of Africa to support its customers in Africa

The development of synergies between BIAT and the Bank of Africa Group will be based on a platform of expertise

Contributory pensioners hits N6.8 million subscribers

The major challenge is to ensure that all retirees under the scheme are paid their benefits as and when due.

East Africa considers new AU alternative funding mechanism

I believe the proposals are similar to those put forward by the African Union.

You can't be CEO for more than 15 yrs - BoG new rules for banks

The size of bank Boards shall be limited, as well as the retiring age for Directors prescribed.

Afrexim says talks over Nairobi branch collapsed

The bank has had a longstanding dispute with the ministry over delay in granting the multilateral lender and its staff diplomatic status, a condition that Ethiopia is long reported to have agreed on.

BoG limits CEOs tenure to 15 years

Banks will also be required to disclose attendance at Board meetings by Directors in an annual accounts.

Reserve Bank worried about more downgrades for South Africa

Fitch is the first rating agency to lower South Africa’s local currency rating to sub-investment grade.

Dubai Islamic Bank confirms licence for Kenya unit

Dubai Islamic Bank subsidiary to offer Sharia banking services

Regulation,Tax & Compliance