Managers of Wealth Africa

Kenyan Banks face new round of legislative uncertainty

If the set criterion is not met, State Agencies would be required to place their funds with the Central Bank or purchase Government securities.

Germany, France, AfDB to fund Development Bank of Nigeria

What is the Development Bank of Nigeria?

Treasury faults counties for opening private bank accounts

Makueni and Kitui have the largest amounts of money, with Sh2.3 billion and Sh1.7 billion unspent in CBK accounts

Asset manager now eyes EAC market

This comes at the wake of publishing of new Capital Markets and Securities Regulations of 2014.

StanChart, Citigroup Said Hired for $800 Million Kenya Loan

The funds are expected to be made available to the Kenyan government by February

Bankorp Had 90 000 Clients So Had To Be Rescued Not Closed, Explains Stals

Former Reserve Bank Governor Stals opens up on Bankorp's apartheid bailout, insisting Absa repaid everything.

Mbeki, Manuel and Mboweni must apologise for ABSA billions

Such reasoning is not just irrational but served to abate the institution of the necessary criminal actions.

Global crackdown on tax evasion signals the end of bank secrecy era

High-profile leaks like Panama Papers have contributed to increased voluntary disclosures.

More investors look offshore

The SA Reserve Bank has measures in place to limit the amount of money individuals can invest abroad.

Comprehensive amendments to the JSE Debt Listings Requirements on the cards

The proposed amendments are the most extensive released in a number of years.

Life insurers contravene pension law with loan offers – PFAs

Insurers have refuted the accusation

Tough going for small banks in Kenya as CBK steps up liquidity mop-up

The regulator uses reverse repos as a monetary policy tool to provide liquidity to any lender that might be struggling with liquidity in the inter-bank market.

Number of Banks to increase

If the four banks are approved this will increase the existing commercial banks to 37.

Regulatory lacuna fuels compliance conundrum in Nigeria’s $20bn pension industry

It does not state minimum number of years for this critical role that industry experts say is crucial to the continued success of the pension scheme.

Guptas’ associate set to buy bank in SA

The proposed transaction is unlikely to substantially prevent or lessen competition in any market.

N9.8bn entitlements: Ex-bankers sue CBN. NDIC, others

Also joined in the suit are Ecobank Nigeria Plc, UBA Plc, Skye Bank Plc and Zenith Bank Plc.

Recent Shariah compliant sovereign sukuk issuances in Togo and the Ivory Coast indicate the growing momentum of Islamic finance in Africa

The listing on the BVRM coincided with the second annual Africa Islamic Finance Forum held in Abidjan on 17 and 18 October 2016.

Regulation,Tax & Compliance