Managers of Wealth Africa

BVN: Central Bank sets up centre in South Africa

The good news is that from South Africa, Nigerians can monitor their accounts at home and feel relaxed that their accounts will not be closed because they were not captured for the BVN

DTC recommendations may see Trusts receive a full frontal tax lobotomy

The report seeks public comment but suggests that estate duty is in dire need of modernisation.

Daniel Mminele: Global monetary policy normalisation and South African financial markets

Address by Mr Daniel Mminele, Deputy Governor of the South African Reserve Bank, at the Annual Conference of the Bureau for Economic Research, Johannesburg, 12 June 2015.

Standardizing Regulation In a World Markets of SME

Alternative lending is now a massive market on the globe, gaining the most traction in developed economies.

BoG warns Banks

The Bank of Ghana (BoG) has warned banks in the country to stop sourcing for expensive wholesale funds from the markets.

OTC derivative participants: take note! - ENS Africa

South African regulators should perhaps follow other jurisdictions’ legislation in allowing such re-use, subject to certain conditions

Credit squeeze likely to hurt Kenya’s private sector, bankers warn

Although tightening of credit could ease pressure on the shilling and rein in inflation, bankers warn downside risks arising from the latest measure by Central Bank of Kenya to raise both its policy and base rates could stifle credit uptake and business

Nigeria’s Emfiele Stands Firm on Foreign Exchange Trade Controls

Central Bank of Nigeria Governor Godwin Emefiele reiterated on Wednesday that foreign exchange controls were helping to stabilize the naira and replenish reserves, amid criticism the measures are harming the economy.

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

Regulation,Tax & Compliance