Managers of Wealth Africa

Standard bank fires 3 managers again

THE matter involving three Standard Bank managers who had been dismissed by the bank has bounced back to court

Ethics, professionalism seen dropping among EA banks

East African countries introduced various reforms including liberalization of the financial sector about two decades to sustain their economic growth.

Tanzania: Stanbic Bank Instructs Clients On Risk Management

The bank's Head of Global Markets, Mr Thomas Bisonga told reporters that the training was designed to provide tools to its clients on how to deal with risks when they do financial transactions.

A Season of Capital Raising in Commercial Banks

A combination of the regulatory directive on the implementation of a new regime of risk management in banks and the corresponding rise in the appetite of critical sectors for financing may have sustained the ongoing rush for new capital by banks, reports

South Africa: Banks must improve their compliance or risk fines

Mr Malan warned on Tuesday at a governance, risk and compliance summit hosted by Thomson Reuters that the fines issued so far had been a wake-up call

Afriwise launches first-of-its-kind consulting firm in Africa

Afriwise is launching a groundbreaking consulting model for Africa, designed to assist clients with advice that is genuinely tailored to situations and local environments in African countries, through collaboration between the best African experts.

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.

Regulation,Tax & Compliance