Managers of Wealth Africa

Nigeria: Sixty-five non-performing stockbroking firms lose licence

For non-performance in the last six months, 65 dealing member firms at the Nigerian Stock Exchange may be losing their trading licences, BusinessDay has learnt.

Industrialization and Global Value Chains in South Africa

South Africa is integrated into several global value chains, particularly in the automobile, mining, finance and agriculture industries.

Strategy and Risk Management

African countries have often not lacked an understanding of what the challenges to their economic development are.

Bank Of Ghana Reviews Forex Rules

Subsequently the Bank of Ghana, on February 13, 2014, issued a Notice to clarify the aforementioned Notices

KCB CEO Seeks Eightfold Jump in Kenyan Bank Reserve Requirement

Joshua Oigara, the chairman of Kenya’s banking association and chief executive officer of the nation’s biggest lender, wants capital reserve requirements for lenders boosted more than eightfold to prompt consolidation.

US targets German bank over Zimbabwe diamond finances

The United States has placed a German financial institution under strict surveillance for clearing payments for Zimbabwe’s diamonds at the recent Dubai diamond tender, state media reported Sunday.

BoG To Clean Up The Banking Industry

The head of Supervision of other financial institution department at the Bank of Ghana, Raymond Amanfu told Citi Business News, they have intensified their documentation requirements.

Kenya: Only the Fittest Will Prosper Under New Banking Regulations

That is why even today, in our beautiful parks, as the animals wake up at the dawn of a new day, the lion prays for strength to run faster than the slowest antelope

Liberia, Nigeria Sign Five Agreements

Five agreements for cooperation between Liberia and Nigeria were recently signed in the Nigerian Capital, Abuja.

Kenya: Mauritius Treaty to Raise Tax Avoidance

The double taxation treaty between Kenya and Mauritius this year is likely to significantly fuel tax avoidance by multinationals further

Bank of Ghana to introduce Deposit Protection Scheme

The scheme will also encourage financial inclusion and access to formal financial services.

GHANA: Gov’t awaits approval of experts to issue Eurobond

Government is expected to issue the country’s next Eurobond when it gets the green light from its transaction advisors.

CoT: Banks’ Hide-and-seek Worries CBN

it is natural for the regulatory authorities in the banking sector, the affected institutions and their shareholders to celebrate the perceived resilience of the Nigerian banks.

Bruised and grumbling, foreign banks bend to U.S. rules

Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond U.S. territory, but in the end they are more likely to bow to Washington than kick against its dollar muscle.

China syndrome may hit Standard Bank

Standard Bank Africa’s largest bank, has been caught off guard by commodities fraud in China that could cost the lender R1.8-billion.

SECZ meets on asset managers, unit trusts

There is need to ensure that they conform to regulatory standards

South Africa: Treasury takes on credit insurance

New regulations for the pricing of insurance could cut the margins of unsecured lenders and retailers who abuse the system by charging excessively for credit insurance.

Ecobank Has Implemented 80% Of Sec's Recommendations- MD

The Asset Management Corporation of Nigeria had bought over the bank’s NPLs

DA Calls for Probe Into FSB CFO Corruption Allegations

The Financial Services Board is an independent institution established by statute to oversee the South African non-banking financial services industry

Kenya: Treasury outlines plan for financial sector reforms

Plans are underway to establish a single authority to regulate and supervise the financial sector.

Regulation,Tax & Compliance