Managers of Wealth Africa

CBN Clears Former Bank Chief

Obigwe, who was cleared last week, had been waiting since 2009 for the central bank to give him a clean bill of health.

World's Largest Investors Engage Stock Exchanges on Sustainability Reporting Standard for Companies

Sustainability advocacy group Ceres, in collaboration with BlackRock and other major institutional investors across the globe, announced an initiative to engage global stock exchanges, via the World Federation of Exchanges, on a uniform standard for susta

Zimbabwe issues $103bn treasury bills to seven banks

Zimbabwe has issued $103m of Treasury bills to seven banks as the government repays debt stemming from the central bank’s seizure of foreign-currency accounts

Old ways clash with governance rules in a new Africa

Arnold Ekpe, former CEO of West African banking group Ecobank, once said African-owned companies had an advantage in African markets, particularly the difficult and high-risk ones, because they came from risky markets and understood the challenges and kne

Mauritius c.bank slams "foot-dragging" on Islamic finance, other reforms

This is in line with the Mauritius central bank's role as a founding member of the Malaysia-based International Islamic Liquidity Management Corp, a body backed by central banks from the Middle East, Asia and Africa.

Challenges of Incubating Best Practice in Africa

The meeting, which was ordered by the Nigerian Securities and Exchange Commission, is on the heels of the recent crisis on the bank’s board.

Sudan: Saudi Arabian Banks Suspend Sudan Transactions

Saudi Arabia and some European banks will halt their transactions with Sudanese banks from 28 February onwards

Ghana's central bank separates outward payments in new foreign exchange directives

Ghana's central bank has separated certain categories of Outward Payments in its new directives concerning the Foreign Exchange operations in the country.

Experts set to draft rules for hedge funds

The protracted process of drawing up regulations for the entire hedge fund industry, which commenced in 2012 on the recommendation of the Group of 20 following the 2008 financial global financial crisis, is drawing to a close, with the Treasury looking to

Regulatory Burden, Swiss Tax Evasion, CFTC: Compliance

Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility

Regulations, local content requirements on the rise in West Africa

With offshore regulatory activity at a high in West Africa, now is a good time for a brief overview of the legal and regulatory developments coming up in the region's key oil and gas jurisdictions.

Ecobank SEC Probe Shows Pan-African Regulatory Risks, Fitch Says

The Nigerian Securities and Exchange Commission’s investigation this month into Ecobank Transnational Inc. highlights the regulatory risks facing pan-African companies, Fitch Ratings said.

SECZ to clamp down on asset managers

THE Securities and Exchange Commission of Zimbabwe (SECZ) will this week begin an inspection exercise of asset management companies with a view towards ensuring compliance in presenting audited results.

GHANA: BoG threatens to withdraw licenses of some financial institutions

The central bank between 2009 and 2010 directed Non Banking Financial Institutions to increase their minimum capital to GHC 7 million by 2012.

Investors left guessing as regulations squeeze banks’ profits

The 14 commercial banks which have released earnings for the nine month period to September 2013 grew pretax profits by 6.5 percent to N458.9 billion, the slowest pace of growth in about two years.

FBN of Nigeria Says Annual Profit Curbed by New Regulations (1)

FBN Holdings Plc , owner of First Bank Nigeria, said its profit for 2013 will probably be the same as the previous year as tougher regulatory requirements increased its costs.

Soaring Compliance Costs Clip Wings Of Mideast, African Banks

Compliance teams face an increasing array of rules due to failings exposed by the financial crisis.

Showdown Looms Between State, Bankers Over High Interest Rates

Commercial banks are headed for a collision with the Jubilee administration over a high interest rates regime

Access Bank wins 2013 risk mgt award

Access Bank has won the inaugural edition of the Nigerian Risk Management Awards.

Regulators still struggling to balance protection with growth, according to financial service firms

Overall, 49% thought that no regulator had succeeded in this respect, with a majority of respondents in the US and the UK holding this view.

Regulation,Tax & Compliance