Managers of Wealth Africa

Kenya’s Central Bank Suspends New Commercial Bank Licensing

The regulator said the decision will not apply “to resolution, amalgamation and acquisition of banks.”

Biggest Angolan Private Bank Said to Restrict Dollar Withdrawals

The bank has no source of the currency lined up after the end of the month, the person said. Fabio Correira, marketing and communications manager at BAI, wasn’t available when called for comment Tuesday.

Kenya central bank concerned about lack of solution for Imperial Bank

The central bank has said Imperial is still viable and shareholders were considering a proposal to inject capital to reopen it.

Reflections on Nigeria’s Banking Reforms (2)

When the CBN later shut the window and in its place guaranteed interbank placements, the same numbers of banks were the main net-takers under the guarantee arrangements.

Africa 'losing 60 bn euros a year in tax evasion': Senegal's Sall

Sall also blamed "bad governance and corruption" in parts of Africa for exacerbating the poverty

SEC canvasses issuance of national Sukuk bond

Unlike interest-paying conventional bond issue

UK leads on anti-corruption push, U.S. and China lag, campaigners say

Governments and campaign groups are concerned about company ownership transparency because webs of companies in secretive locations are important vehicles for money laundering.

Kenya central bank mulls tougher penalties for rogue banks

The financial system in East Africa's biggest economy was rattled last month after the central bank put Imperial, a mid-sized lender, under management, due to fraud.

Increasing RA contributions could be bad news

A ruling issued by the Pension Funds Adjudicator this week contains this lesson

Central Bank to Adopt a Tough Regulation Mode

This will not only promote stability of the financial system, but also help the Central Bank to discharge its core mandate of maintaining price stability

Kenya: Central Bank to Adopt a Tough Regulation Mode

In response to recent developments in the financial sector, the Central Bank of Kenya board chairman, Mr Mohamed Nyaoga, is promising a tough supervisory regime in the country's financial sector.

Stanbic IBTC: The Letter that Took Winds Out of FRCN's Sails

The creation of an alternative securities exchange market (ASEM), hitherto called Second-tier market on the NSE shows that the market is receptive to dynamic use of the capital market for SMEs funding.

African Securities Exchanges Association Conference reflects capital markets

The conference is important as it features high level discussions covering themes that are relevant to our capital markets and opportunities to network with leading industry players from across the continent

Nigeria's central bank sees no need for Stanbic IBTC to restate accounts

It had asked the central bank to take disciplinary action against Stanbic's management.

Stanbic IBTC gets respite as CBN says no need to restate accounts

The FRC said last week that Stanbic IBTC had an “other operating expenses” category in its accounts for financial years 2011 through 2014

BVN: Banks block non-compliant accounts

CBN says accounts remain active, extends Diaspora enrollment

Four Charts That Show Why MTN's Nigerian Fine Matters So Much

There is a lot at stake for Africa’s largest mobile-phone operator and the government of the continent’s top economy as the following charts, converted to dollars as of Friday’s exchange rates,show.

Ashmore Group’s Co-Founder Jerome Booth To Raise About $500M To Boost African Energy

Booth stated that he still owns a significant stake in Ashmore and will serve as chair of NSAM and also chair the investment committee.

"BVN Enrolment Hits 20.8m" - CBN

Mu'azu said that the CBN had no plans to extend the deadline of the exercise.

CBN Lists Benefits of IFRS

Financial information needs to be relevant, reliable, understandable and comparable.

Regulation,Tax & Compliance