04/16/2021
Kenya proposes 'investor friendly' PPP law reforms
The bill also envisages a more robust project management and institutional framework through the establishment of a PPP Directorate and project implementation teams.
Regulation,Tax & Compliance
04/15/2021
Finance Ministry 'closely monitoring' BBS saga
Axed managing director, Pius Molefe and the board earlier today locked horns at the Lobatse High Court over an interim order won by the board that pushed out the veteran administrator.
04/14/2021
Breaking down your offshore allowance
How much, how often and what to do if you breach the limits?
04/14/2021
Mauritius updates to the Anti-Money Laundering and Combatting the Financing of Terrorism handbook
The Financial Services Commission (FSC) in Mauritius issued an Anti-Money Laundering and Combatting the Financing of Terrorism Handbook 2020 (AML/CFT Handbook) in January 2020
04/13/2021
KRA targets Sh81bn on removal of tax reliefs for wealthy
The Treasury and the taxman have in recent years been looking to claw back some of the preferential rates of tax, investment deductions, tax reliefs, zero-rating for VAT purposes, remissions of taxes and exceptions.
04/12/2021
Banks’ Impairment Charges Soar by 113% to N228bn
Besides, the World Bank has sustained pressure on the federal government on the need to remove all forms of subsidy on petrol and electricity supply and to harmonise the forex rate.
04/09/2021
SEC clamps down on firms dealing in illegal foreign investments
The commission stated that these unregistered platforms also claim to be operating in partnership with capital market operators (CMOs) registered with the Commission, warning such CMOs to desist henceforth.
04/09/2021
BRICS development bank approves $1bn COVID-19 loan for South Africa
The loan will support the Government of South Africa in its efforts to contain the economic fallout of the pandemic and start economic recovery," the bank said in a statement.
04/09/2021
CBN gets order to freeze 194 accounts in 17 banks
In one of the suits against Nuru Abubakar and 24 others, the court granted the request by CBN to freeze the account of the defendants in the banks for 45 days.
04/09/2021
South Africa POPIA: Final Guidance Note for Information Officers and Deputy Information Officers now published
The Guidance Note also provides welcome clarification in respect of the role of the Information Officer for private bodies that are juristic persons.
04/08/2021
The big question for the rand right now
Lower US interest rate expectations boost investors’ appetite for emerging markets assets such as the rand, which offer higher returns but carry more risk, Reuters reported.
04/08/2021
CBN freezes 11 bank accounts
The motion exparte which was dated March 12 and filled on March 16 sought the mandatory order of the court to direct First City Monument Bank Limited to freeze all transactions on accounts and all other bank accounts of the defendants for a period of 180
04/07/2021
Mauritius a player in transparency – identifying Ultimate Beneficial Owners
This mandate for transparency in many jurisdictions has changed the game in the financial industry around the world and Mauritius as a responsible player has been no exception.
04/06/2021
South African exchange control – relaxation of loop structures
The level of disclosure required needs to be balanced against any potential tax and estate duty savings and most importantly whether the return on the investment outperforms current returns on invested funds.
04/06/2021
World Bank forecasts Niger, Guinea, Côte d’Ivoire to make big recovery in 2021
The report says that the worst is over and expects a recovery.
04/05/2021
Mauritius enhances its Special Purpose Fund regime
The objective of the revamped SPF Rules is to ease access to new markets and offer international fund managers and GPs the ability to establish a tax exempt entity that has economic substance in Mauritius to attract investors.
04/05/2021
Group Asks EFCC to Probe N37.4bn Zamfara Promissory Notes
The petition was signed by PAPSD’s Executive Director, Dr Sani Shinkafi
04/01/2021
CMA slaps Sh15m fine on Real People bosses for misuse of funds
Five of the nine executives have opposed the regulatory action at the CMA tribunal, while the four have been fined between Sh2.5 million and Sh5 million.
04/01/2021
Rand weakens as investors bet on US growth
Bonds also weakened, with the yield on the benchmark 2020 paper up 3 basis to 9.515%.
04/01/2021
Auditor-General continues to push for accountability
Irregular expenditure and supply chain mismanagement still rampant.