African Financial Sector News

Nigeria: Portfolio Managers Task SEC, NSE On Investors' Protection


 | Source: Vanguard; All Africa

The Association of Investment Advisers and Portfolio Managers, IAMP, have called on the regulatory agencies in the capital market to be more proactive in investigating reported cases of infraction among market operators in order to safeguard investors' interest.

Tanzania: Radical Changes Loom in Insurance Industry


 | Source: The Citizen; All Africa

The Tanzania Insurance Regulatory Authority (Tira) yesterday issued a new circular detailing sweeping changes in the insurance business in the country.

Ethiopia: Awash Unveils Insurance Policy to Cover Terrorism Loss


 | Source: Addis Fortune; All Africa

Losses and liabilities incur as a result of unrest and terrorist activities will be insured under the new policy.

Nigeria: Banks Urged to Enhance Private Sector Credit


 | Source: This Day; All Africa

The President of the Chartered Institute of Bankers of Nigeria (CIBN), Prof. Segun Ajibola has advised commercial banks in the country to increase credit to the private sector to grow the economy.

Sudan: Banks to Freeze Assets of Currency Dealers


 | Source: Radio Dabanga; All Africa

The Central Bank of Sudan ordered banks to freeze the assets of dozens of Sudanese people and companies. The State Security Prosecution charged them for trading currencies, against the Central Bank's instructions.

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