12/02/2015
We hope that the seminar helps Korean companies become interested in and understand African countries’ investment systems and environments better and seek new investment opportunities.
12/01/2015
Bank of Khartoum wins nod for Bahrain branch
The Bahrain office will be will the first branch outside Sudan and the first Sudanese Bank that will be holding an Islamic wholesale banking branch license in the Kingdom.
12/01/2015
No Bank is in Distress -CBN
The CBN wishes to state categorically that no Nigerian bank is “experiencing stress”.
12/01/2015
The case is the first deferred prosecution agreement in the UK.
11/30/2015
ICBC Standard Bank agrees deferred prosecution settlement with SFO
The SFO insisted that full details of the facts of the case and the terms of the settlement would be set out in open court on Monday.
11/30/2015
SFO agrees first UK DPA with Standard Bank
This indictment, pursuant to DPA proceedings, was immediately suspended. This was also the first use of section 7 of the Bribery Act 2010 by any prosecutor.
11/27/2015
Nigerian apex bank says no bank is in distress
The CBN hereby assures the banking public that the Nigerian banking system is sound and all banks are in compliance with both the regulatory and prudential requirements
11/27/2015
Kenya Says It Is Open to Foreign Banks Despite Licensing Ban
Njoroge placed two banks under administration since he came to office in June.
11/27/2015
Skye Bank Tops Nine Nigerian Commercial Banks Experiencing Stress
According to the source, the affected banks include United Bank for Africa (UBA), First Bank, Diamond Bank, Sterling Bank, Skye Bank, and Heritage Bank.
11/26/2015
Bank urges countries to budget carefully
Africa’s foreign currency bond issues between 2000 and 2014 totalled $20.5bn, with $7.4bn of that raised last year alone, Akinwumi Adesina, who took over as president of the AfDB in September
11/26/2015
South Africa Mulls Allowing Covered Bonds Within Three Years
The securities would have priority for payment over senior unsecured debt, which South African banks use to raise most of their liquid regulatory capital.
11/23/2015
An alarming figure of nearly one million debit order disputes are lodged every month as fraudsters increasingly gain access to the bank accounts of unsuspecting customers.
11/20/2015
With a number of Nigerian banks having postponed moves to raise fresh funds, the central bank said it was monitoring the three lenders' recapitalisation plans
11/18/2015
Central Bank of Kenya has come under severe criticism following the collapse of two banks this year.
11/18/2015
The Financial Services Board will change into the Financial Sector Conduct Authority and will act as a dedicated market conduct regulator.
11/18/2015
The regulator said the decision will not apply “to resolution, amalgamation and acquisition of banks.”
11/17/2015
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.
11/16/2015
The central bank has said Imperial is still viable and shareholders were considering a proposal to inject capital to reopen it.
11/15/2015
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.
11/13/2015
Sall also blamed "bad governance and corruption" in parts of Africa for exacerbating the poverty