Managers of Wealth Africa

Kenya becomes the 94th jurisdiction to join OECD

Since then, the Convention has become a truly global instrument.

Path Solutions signs up Wifak International Bank, its 1st iMAL client in Tunisia

The company identifies Islamic banking as key focus area in the country

Foreigners allowed to own up to 49% of Zimbabwean companies

According to the monetary policy statement, the 40% mark was reviewed and increased to 49%

ESMA to cooperate with South African regulators on CCPs

EMIR provides for cooperation arrangements between ESMA and the relevant non-European Union authorities whose legal and supervisory framework for CCPs have been deemed equivalent to EMIR by the European Commission.

Angola pledges tighter bank regulation in face of dollar drought

Bank of America and Standard Chartered decided to stop supplying greenbacks to Angolan banks late last year, apparently over concerns about lax regulation.

Banks accused of violating mobile money guidelines

The violation is in respect of what the guidelines said about interests to be paid to mobile money customers.

Grand Inga dreams fail to see the light of day

Politics and finance seem to be the reasons for the bulldozers’ no-show at the site on the Congo River.

Nigeria is running out of cash

Another day, another oil producer in trouble.

Distressed Nigeria turns to multilateral lenders for $3.5 billion in ‘soft’ loans

Africa’s biggest economy in talks with World Bank, AfDB as seeks to spend way out of economic crisis—a hint of Keynesian economics.

Central Bank’s new tough rules to monitor large cash transactions

CBK has a game plan of curbing money laundering, taming fraudulent money movements, while zeroing in on those financing corruption, criminal and terrorism activities.

Capital controls are necessary, says Fidelity MD

Okonkwo noted that the current fiscal year may get tougher, with the prospect that oil price may drop further.

Kenya: We Must Look Beyond Liquidation to Help Commercial Banks in Problems

Yet, we all know that when it comes to Imperial Bank, the governor can hardly assume the moral high ground.

After Ivory Coast sukuk, West Africa bloc signs SME fund deal

The Jeddah-based Islamic Corporation for the Development of the Private Sector will commit an intial $30 million for the SME fund and would help seek additional investors to increase its size to $100 million, a joint statement said.

Egypt's National Bank applies for Yuan licence

National Bank of Egypt, the country's largest state bank, is seeking a licence to conduct local-currency banking in mainland China, through its Shanghai branch.

FirstRand Says Gordhan in Strong Position to Act on Economy

The market reaction to Nene’s dismissal, with the rand and bonds tumbling, may deter the government from taking unexpected steps that affect the national treasury.

Angola: The Fate of Portugal's BPI Bank Lies With Africa's Richest Woman

In the first six months of 2015, BFA operations made up 70% of BPI profits.

Mid-size SA bank successfully deploys FICO-TONBELLER anti-money laundering system through Bateleur Software

A bank spokesperson says: "Regulatory compliance and anti-money laundering and risk management are top imperatives for [the bank].

Namibia: Only Banks Win Under New Investment Regulations

Last year, Regulation 29 was finally promulgated as a subset of Regulations 15 and 28

Stanbic fined over improper deal

The law requires the bank to file its defence in 20 days and if the Central Bank is not satisfied, then Stanbic Bank Tanzania will be compelled to pay the fine

Two major banks mulling listing on Egypt bourse: c.bank chief

Egypt's central bank is considering listing shares in two major banks on Cairo bourse, chief Tarek Amer announced Tuesday.

Regulation,Tax & Compliance