03/20/2015
Tunisia asked to join the Geneva prosecutor’s money-laundering case into HSBC Holdings Plc’s Swiss unit as a plaintiff in a bid to get back funds it says were embezzled by former dictator Zine El Abidine Ben Ali.
03/19/2015
A delegation of African Development Bank Group Executive Directors is preparing to travel to Mozambique to assess the impact of Bank projects in the country
03/18/2015
The government says the law needs to be amended to facilitate African Bank’s restructuring and safeguard about 5,000 jobs
03/18/2015
The licensing requirements under the Financial Advisory and Intermediary Act relating to the hedge fund financial services providers who manage hedge fund portfolios remain unchanged.
03/16/2015
Hedge funds, which manage assets of more than R57 billion, mainly from retirement funds, will have to register as collective investment schemes by the end of March next year
03/15/2015
The IMF formally recognised the establishment of a federal government in Somalia in April 2013 as the country emerged from a long period of civil war.
03/13/2015
The findings follow a massive cache of leaked data that revealed how the Swiss banking arm of HSBC, the world’s secondlargest bank, helped wealthy customers conceal billions of dollars of assets.
03/10/2015
The bank is awaiting passage of amendments on a law granting the central bank super-senior creditor status, which would allow it to pump in some money into the failed lender.
03/10/2015
The TSA policy translates to a significant decline in banks’ deposit, which is also expected to constrain banks’ ability to grow credit in the economy.
03/10/2015
Though not unexpected, the SEC’s report eventually set off series of internal infighting
03/08/2015
The network of the banking technological information of the Southern African Development Community (SADC) member states is already interconnected
03/08/2015
Ecobank’s Group Chief Executive Officer Albert Essien says Nigeria is the bank’s biggest operation and that the current economic and currency headwinds in Nigeria have not affected his company immensely.
03/05/2015
Access Bank embarked on the capital raising via the right issue to raise N52.6 billion.
02/24/2015
The International Monetary Fund (IMF) has welcomed Bank Al-Maghrib’s (BAM) efforts to strengthen Morocco’s financial supervisory and regulatory framework to ensure continued financial sector soundness
02/23/2015
Nigeria's central bank has issued guidelines for an advisory body that will oversee Islamic banking in the country
02/20/2015
The central bank, which also acts as the country’s bank supervisor, cited “deficiencies” in how Frankfurt-based Deutsche Bank identified and verified customer details, according to a statement on the South African Reserve Bank’s we
02/19/2015
The Apex Bank noted that the wide gap between the official and interbank value of the naira had engendered undesirable practices
02/19/2015
Nigeria’s number one bank, Central Bank of Nigeria, has laid down a set of new guidelines for the treatment and management of dormant accounts by commercial banks.
02/16/2015
In this country, Abil no doubt, has had an influence, too.
02/13/2015
Work has started to implement the restructuring process of the Bank of Muscat International Offshore in Seychelles announced by the Central Bank of Seychelles in December last year.