Managers of Wealth Africa

Sale of NBG Group’s stake in the South African Bank of Athens

The transaction is expected to close within the second semester of 2017 and is subject to customary regulatory and other approvals.

First Day of Dealings

First Day of Dealings on the Main Market of the London Stock Exchange and on the Main Board of the Johannesburg Stock Exchange

deVere Group receives investment banking licence

The investment banking licence comes just six weeks after deVere launched its own private bank

Jersey signs Double Tax Agreement with Mauritius

This is the 13th full DTA signed by Jersey that complies with the OECD Model Agreement.

Morocco central bank okays five Islamic financial products

It also set regulations for conventional banks to open windows selling Islamic products.

REPORT: Bank of Baroda Closes Accounts of Gupta Controlled Companies

A Bloomberg report is quoting three separate sources, but there is no comment yet from the bank.

You can now buy shares in South Africa’s Reserve Bank

The SARB noted that it functions in the public interest and is not driven by a profit motive.

W’Africa loses N530bn to multinationals’ tax evasion –WATAF

This convening is at a time when there is global focus on domestic resource, mobilisation as donor support dries.

Proposed Nigeria development bank not backed by law

There is no law setting it up.

BoG is 'Risk Manager' of the year 2017

This has led to a transformation in risk culture.

Reprieve for SA on Financial Intelligence Centre Amendment Bill

Promulgation of the bill has been delayed as President Jacob Zuma referred it back to Parliament because of the constitutionality of the warrantless searches provision

Attijariwafa Bank Signs MoU with GCB Bank

They added that the signing of this memorandum stems from a strong trust in the considerable and impressive potential of Ghana.

Standard Bank acts on collusion complaints

South Africa’s National Treasury recently came out very strongly against reported collusion by several banks implicated in alleged price fixing.

SA needs to do more to plug its deficit than target the rich

The minister has to find ways to plug the gap within the next two years.

Barclays brand to exit Kenya as UK lender reaches stock sale plan

Sealing the deal now paves the way for Barclays to shift its focus to the European and North American markets.

We're sorry we rigged the rand: Barclays

Barclays Africa - aka Absa - asked for forgiveness yesterday for its role in rigging the rand , a scandal that has raised questions over the dominance of the big four local banks.

Barclays seals split deal with African subsidiary

It also needs to negotiate a transitional services agreement.

Gordhan says price collusion in South Africa will be stamped out

As government looked to crack down on anti-competitive behaviour with a raft of new regulation.

Israel, World Bank Sign Three Agreements to Cooperate in Africa

We are cooperating on so many projects especially in agriculture and water conservation.

Nigeria says sees no need to go to IMF, plans its own reforms

For us the IMF is really a lender of last resort when you have balance of payments problem.

Regulation,Tax & Compliance