During its meeting held in Dakar on 26 February, 2014, the Bureau of the Association of African Central Banks (AACB) approved the Work Plan (2014-2016) of the Community of African Banking Supervisors (CABS), developed by the Working Committee of African Supervisors in January 2014 in Mauritius, as directed by the 37th Assembly of Governors of the AACB, on 23 August 2013 in Balaclava, Mauritius. It also authorized the implementation of the interim 2014 Work Plan.[Full text...]
The Bureau of the Association of African Central Banks (AACB), held its 1st Ordinary Meeting of the year, on 26th February 2014, in Dakar, Senegal, at the Head Office of the Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO). The meeting, attended by all the members of the Bureau as well as the African Union Commission (AUC), was chaired by Mr. Rundheersing Bheenick, Governor of the Bank of Mauritius and Chairman of AACB.»More...
The 37th Ordinary Meeting of the Assembly of Governors of the Association of African Central Banks (AACB) was held at Le Maritim Hotel, Port Louis, Mauritius on 23rd August, 2013. The meeting was attended by thirty-two Central Banks, the African Union Commission (AUC) and African and international institutions.»More...
The Symposium on the theme: “Financial Inclusion in Africa: the Challenges of Financial Innovations for Monetary Policy and the Stability of Financial System” was held on 22nd August, 2013 in Balaclava, Mauritius. The Symposium was officially opened by Dr. The Honourable Navinchandra Ramgoolam, Prime Minister of the Republic of Mauritius.»More...
The Association organized, as usual, its Symposium on August 29, 2012 in Algiers (Algeria) on the theme « Challenges of Commodity Prices and Capital Flow Volatility to African Central Banks »»More...
The AACB continental seminar was held in Douala, Cameroun on May 7-9, 2012, on the theme « Challenges to the Design and Implementation of Macroprudential Policy Instruments in Africa Défis en matière de conception et de mise en oeuvre d'instruments de politique macroprudentielle en Afrique ».»More...
Lesetja Kganyago will take over as the new South African Reserve Bank (Sarb) governor when Gill Marcus’s current five-year term ends on 8 November 2014.
Kganyago is currently the deputy Sarb governor, having served in the position since 16 May 2011. Accepting his appointment at the Union Buildings in Pretoria on Monday, 6 October, Kganyago said he is humbled and honoured that the leadership of South Africa has seen him suitable for the position. “I shall not disappoint,” he said.
The Tunisian parliament has adopted several measures to enhance transparency and fight tax evasion, included in articles 12, 13, 14 and 15 of the supplementary finance law for 2014.
According to the Minister of Economy and Finance, Hakim Ben Hammouda, they will allow the country to set up a transparent financial and tax system, Tunis Afrique Presse agency reports.
The minister stressed the importance of financial transparency in tax matters, adding that the veil will be progressively lifted on bank secrecy.
In South Africa, African Bank has been placed under curatorship after it posted a headline loss of R3.1 billion (€218 million) and unveiled a trading statement for the third quarter that was worse than what the market expected.
Moroccan banking group Attijariwafa Bank signed an agreement on August 4th with two American financial institutions to improve access to credit for small and medium-sized enterprises (SMEs) in Africa.
This Memorandum of Understanding with the Overseas Private Investment Corporation (OPIC) and Wells Fargo relates to the granting of a line of credit to Attijariwafa Bank with a view to supporting SMEs in African countries where the bank operates. The amount of the line of credit has however not yet been disclosed.
Angola's Stock Exchange (Bodiva) will be officially launched in December 2014, it was announced last week.
"We will launch during the second half of the year, in December. We will start operations with segments of the public debt," said Chairman of the Board of Directors, António Furtado, cited by Angola Press news agency.
The second oil producer in Africa after Nigeria has signed cooperation agreements with financial authorities in South Africa, Cape Verde, United States, Namibia and Botswana.
South Africa: Lesetja Kganyago appointed new SA Reserve Bank Governor
Tunisia: Parliament adopts several measures against tax evasion
South Africa: African Bank placed under curatorship
Attijariwafa Bank receives line of credit to support African SMEs
The opening of Angola's Stock Exchange scheduled for December 2014