Africa
Mozambique sources new payments IT provider after dispute
Payment dispute pushes central bank to speed up unification of payment systems; US-based firm chosen to supply computer system for interbank network
Zimbabwean central bank officials cleared of wrongdoing
Governor Mangudya says investigation absolves of any wrongdoing, despite previous claims of corruption from former government official
New Zambian banknotes cause trouble for ATMs
Central bank advises public to deposit new notes at banks due to a delay in ATM calibration
Mozambique resumes cutting cycle on lower inflation
Prices continue to fall within single digits, but concerns around public debt leave central bank on high alert
Angola improves data transparency with new hub
Statistics deemed “critical” by the International Monetary Fund will be published in one place
South African central bank launches review of payment system
Sarb says its regulatory mandate needs more clarity and calls for more powers over fintech
Fintech could help financial inclusion - South African deputy governor
Sarb’s Groepe praises Singapore’s one-stop data repository
Sponsored interview: Henri Fouda, Wellington Management
Central Banking met with Henri Fouda, portfolio manager at Wellington Management at the National Asset-Liability Management Africa 2018 conference to discuss the current outlook for fixed income investment on a global and regional basis. Fouda shares his…
Rwanda upgrading payment infrastructure on all fronts – annual report
Government officials no longer have to visit the central bank to make a transaction
Sarb reprimands HSBC for AML deficiencies
Central bank fines commercial lender over $1 million after weaknesses in AML detection and reporting were discovered
Rwanda concerned by high NPL levels despite improvement
Central bank records 6.5% decrease in NPL levels but ratio remains above the 5% benchmark
West African single currency plans move towards lift-off
Ecowas community launches competition for design of new currency aimed at strengthening trade and growth within the region
Kganyago highlights the dangers of ‘state capture’
Sarb governor says country still suffering from twin deficits
African banks should adopt Nigerian regulatory model – Zimbabwean official
Foreign and domestic banks need uniform regulatory approach, official tells conference
Africa at risk from faster policy normalisation – Kenya’s Nyaoga
Higher interest rates could threaten portfolio inflows for a region struggling with price rises
Zimbabwe central bank suspends senior officials over corruption allegations
Government appointee accuses central bankers of illegal foreign exchange dealings
Sarb’s Groepe says inflation could rise further without policy action
South African Reserve Bank plans five hikes of 25bps by 2020
Inflation expected to reach 10% in Malawi
Rising electricity, food and fuel prices forces inflation well beyond central bank target
Ghana’s central bank ramps up cyber effort
Central bank launches new directive and security operations centre
Debt poses a threat to African monetary policy – BIS paper
Central bankers could use their influence to encourage government prudence, authors say
Tunisia’s El Abassi on central banking during a regional security crisis
Central Bank of Tunisia’s governor talks about capacity building, evolving relations with the IMF, integration among the Arab states and using technology to foster inclusion
Kenyan central bank gets green light on banknotes from court
Court of Appeals rules in favour of central bank on tumultuous banknote tender, clearing the way for De La Rue
Former Sarb governor assumes finance minister role
Tito Mboweni succeeds Nene but opposition party questions his “radical views”
Bank of Uganda hikes rates for first time since 2015
Rising oil prices and exchange rate volatility prompt central bank action