Managers of Wealth Africa

BoG, IFC launch partnership on corporate governance

Launched in 2015, the AfCGP is a four-year programme funded by the State Secretariat for Economic Affairs (SECO)

CBN Goes Tough On Illegal IMTOs, Banks Over Remittance

It noted that its attention had been drawn to the increasing patronage of illegal IMTOs by Nigerians in the Diaspora for the purpose of home remittances.

Developments relating to collateral in South Africa’s securities lending and derivatives markets

The Draft Margin Notice is expected to come into effect and phase in the margin requirements during the second half of 2017.

Tanzania, Switzerland Sign MOU To Recover Millions Lost in Offshore Accounts

Between 1982 and 2006, there were 91 client accounts opened by Tanzanian nationals, with one client depositing $20.8 million.

AfDB signs $6.6m deal with France

The statement explained that the funding will help set up the delivery unit of the initiative to be hosted at the AfDB.

Exclusive: South African pension fund seeks central bank approval to increase Barclays Africa stake: sources

Under South African regulations PIC requires the central bank's approval to raise its stake in Barclays Africa.

Court stops CBK from liquidating Imperial Bank

The court has directed CBK and Kenya Deposit Insurance Corporation to engage stakeholders and shareholders of the bank to jointly find a workable framework to revive the bank

KCB eyes Southern African market via Botswana firm

KCB Capital yesterday inked a deal with Motswedi that will see both firms trade and raise funds in Nairobi and the Botswana Stocks Exchanges.

Zombie banks stalk Africa with mergers one way to limit risk

Uncontrolled bank failures pose significant contagion risks to other banks, state-owned enterprises and private businesses

Zombie Banks Stalk Africa With Mergers One Way to Limit Risk

Uncontrolled bank failures pose significant contagion risks to other banks, state-owned enterprises and private businesses.

eCurrency Mint Limited and Banque Régionale De Marchés Launch New Digital Currency in Senegal

The electronic money provided by BRM can only be issued by an authorized financial institution.

Standard Bank’s Zimbabwe unit backs down on new terms

On November 1 Stanbic issued a statement advising its customers of new terms and conditions.

Why Zimbabweans are spending the night outside banks

The Reserve Bank of Zimbabwe is preparing to introduce the so called bond notes, a local currency pegged to the US dollar to ease cash shortages

Banks reducing interests on deposits – BoG report

This means that if customers of a bank deposit money at UT Bank, they were likely to receive 15.8 percent as interest annually on the deposit

PTAD to restore confidence in pension administration

PTAD had been strategising on ways to tackle the menace of corruption in the management of pension under the DBS

EU calls for investment in Tunisia

Its present and its future and especially in its young people.

Banking Consultant calls for review of interest on foreign currency accounts

Once dollar accounts in the country do not earn interest, investors will always move their deposits into instruments that guarantee some interest.

Kenya, South Africa agree to monitor mergers and acquisitions

The two antitrust regulators will work together in the field of competition law enforcement and policy development.

No reforms, no money: IMF

Zimbabwe’s enormous external debt overhang is impeding its access to the external financing necessary to stabilise the macroeconomic environment

NBE Gives New Forex Directives to Ethiopian Banks

The directive also bans the approval of a Letter of Credit (L/C) without collecting a minimum of 30 percent of the value of the L/C in cash up front.

Regulation,Tax & Compliance