Managers of Wealth Africa

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.

AfDB adopts new due diligence policy on non-sovereign operations

The Board of Directors of the African Development Bank Group, met on 13 January 2016 to approve the Integrity Due Diligence Policy on non-sovereign operations.

Kenya: Imperial Bank Cries Foul Over Client Loss

Owners say they were kept in the dark over the regulator's decision to disburse Sh8 billion through Kenya Commercial Bank and Diamond Trust Bank late last year.

Nigeria: experts laud apex bank over new forex rules

According to him, the country could not afford to remain in the current situation

Reckless Zimbabwean bank executives face lengthy jail terms

In the past three years, banks such as AfrAsia, Genesis and Allied Bank have folded, leaving depositors stranded.

Ghana: Bank of Ghana to Improve Surveillance of Micro-Finance Landscape - Deputy Governor

The Bank of Ghana is to intensify its intelligence network and review the entire process of licensing new Microfinance Institutions to improve surveillance of the micro-finance landscape.

Uganda: How Amended Financial Law Could Revolutionise Banking

The much-awaited reforms, expected to boost operations of banks in the country, were passed by the Parliament last Wednesday.

Bank Of Ghana Reviewing Microfinance Companies

The Bank intends to improve collaboration with law enforcement agencies to deal swiftly with illegal financial service providers and intensify public education on financial literacy to avoid miscommunication.

Zimbabwe: March Deadline for Foreign Firms As Zim Curbs Investors

It also announced new measures to restrict foreign businesses from operating in reserved areas such as retail and agriculture.

Standard Bank suspends Chris Hart over 'racist' tweet

In a day in which the penny dropped on racism in South Africa, Standard Bank dropped another bomb to announce the suspension of economist Chris Hart.

CBK approves formation of KCB Group Limited

Kenya Commercial Bank Limited owner of KCB Kenya has been approved by the Central Bank of Kenya as a non-operating holding company.

Nigerian Capital Market in 2015: Dashed expectations, aspirations In wealth creation

The capital market regulators broke the 55-year analogue settlement jinx with an automated real-time payment regime.

Regulation,Tax & Compliance