Managers of Wealth Africa

Patrick Njoroge: Kenyan bank boss who doesn't want luxury house

Kenya's new central bank governor rejected the grand house that comes with his prestigious job.

Nigeria’s apex bank defends selective forex restriction

The Central Bank of Nigeria has defended its decision to stop the use of foreign exchange for the importation of certain goods.

Corrupt public official without Swiss bank account turned into laughing stock

The country is still reeling in shock after it was reported that a former city hall official who is suspected of corruption stashed the proceeds of his alleged crooked dealings in local banks and the local property market.

Banks can't do business as usual

The Basel III global reforms to strengthen bank supervision and regulation are kicking in, affecting how finance can operate elsewhere in Africa.

African Bank ‘moving steadily along’

Senior unsecured debt holders will have 90 percent of their claims exchanged for new unsecured notes

Ghana: Corporate failures imminent

The sources, who spoke on condition of anonymity, accused banks of not declaring the true levels of non-performing loans.

Nigeria BVN deadline looms

Bank customers in Nigeria are reported to be rushing to register for their biometric banking cards as the deadline for the compulsory BVNs looms.

Portugal cenbanker urges African states to align supervision with EU

The Bank of Portugal urged central banks in Portuguese-speaking Africa to raise supervision standards to the European banking union's tougher requirements to avoid capital cost hikes for European banks in Africa.

Early Settlement in Rand-Rigging Probe Seen by Ex-Regulator

The regulator announced the probe May 19 into lenders including Citigroup Inc. and JPMorgan Chase & Co.

Central Bank of Kenya lifts suspension on Dahabshiil Kenya

The Central Bank of Kenya has t lifted the suspension on Dahabshiil Kenya, a money transfer business, with immediate effect

South Africa Threatens Action as Hedge Funds Slow to Enroll

The new regulatory regime will make hedge funds subject to legislation that govern other investment funds

IMF Sees ‘Breathing Space’ for South African Monetary Policy

South African policy makers have been preparing the market for an increase in the benchmark rate as prices climb

Nigeria’s Central Bank Said to Call Meeting Friday on FX Rules

Nigeria’s central bank will meet with banking executives and currency dealers on Friday and will probably discuss foreign-exchange trading restrictions, people familiar with the matter said.

Sub-Saharan Africa debt boom ends as borrowing costs threaten new deals

A credit boom in sub-Saharan Africa that has fuelled an expansion in infrastructure projects across the region is fading out as higher borrowing costs threaten a pipeline of new deals.

Role of IFCs in facilitating Africa inward investment to be explored at Jersey Finance

Opportunities to invest in Africa and the role that International Finance Centres can play in facilitating growth in the continent will form the focus of an event to be held by Jersey Finance in London next week.

It doesn't take a genius to understand why the Bank of Namibia just hiked interest rates

The Bank of Namibia just put out a great explainer on monetary policy.

Nigeria's Stanbic IBTC to publish list of loan defaulters

Stanbic IBTC would be among the first banks to publish such a list after the regulator ordered lenders in April to crack down on non-performing loans to forestall a repeat of a 2009 industry bailout that cost the government $4 billion.

Kenya’s next central bank governor still single at 54

My Approach Njoroge has been nominated as the ninth governor of the Central Bank of Kenya.

Banks 'not coming clean' on collusion

Banks being investigated for currency collusion remain tight-lipped about the effect of the probe and whether they knowingly allowed the practice in the first place

Leap Africa, Lafarge, Sterling Bank task MSMEs on risk management

Leap Africa, Lafarge Africa and Sterling Bank have tasked start-ups, micro, small and medium enterprises to mitigate and skilfully manage risks to maximise profits and sustain growth.

Regulation,Tax & Compliance