03/16/2021
Kenya goes for costly Eurobond to pay off maturing $8.5b debts
This will mean investors willing to buy the Kenyan bond in the international will demand risk premium to cushion against country’s risk of default.
Regulation,Tax & Compliance
03/15/2021
Dentons launches combination with East African Law Chambers in Tanzania
In 2020, Dentons accounted for 85% of all cross-border law firm combinations and is now the second best-known law firm in the world according to Acritas
03/12/2021
NBK gets nod to auction TSS land over Sh3.7bn loan
High Court put a freeze to the sale in April 2017 following a petition from the late Mombasa tycoon’s so.
03/12/2021
Treasury raises Sh48bn from bond sale in borrowing target race
The bulk of the funds raised in the bond will be going towards the new borrowing column at the exchequer, with no maturities on the bonds register this month.
03/12/2021
Nigeria’s rising debt servicing, an economic threat – SEC
Moving towards improved sustainability may require future debt tied to revenue-generating projects.
03/11/2021
Kenya ranked among major money laundering hotbeds across the world
Kenya ranked among major money laundering jurisdictions across the globe
03/11/2021
SA regulator, big banks experiment with blockchain securities
BMA’s experience in the local banking technology sector through previous blockchain-based projects with Rand Merchant Bank
03/10/2021
Nedbank to pay out VBS bank victims up to R100 000 per depositor
The money included investments from municipalities, government departments, stokvels and ordinary South African depositors.
03/09/2021
SEC tasks quoted companies on regulatory compliance, lists benefits
While these regulatory requirements may appear burdensome to companies, they exist for the protection of investors who rely on accurate and timely information to make an informed judgment and for the proper governance of the companies.
03/09/2021
The Africa Digital Inclusion Facility approves grants worth $1.3 million for two research efforts to enhance women’s digital access to loans and micro-insurance
The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility
03/09/2021
Crypto havens lure firms fleeing regulator angst in SA
SA authorities “have been incredibly slow in terms of regulation in the industry and that leads to businesses looking internationally,” Revix CEO Sean Sanders said.
03/08/2021
Warning lights flickering for South Africa’s wealthy taxpayer
Tax compliance, proper professional planning and the appropriate use of annual allowances are key to navigate any aggressive changes in tax legislation that may be necessary sooner rather than later,
03/08/2021
Treasury set to float Sh75bn roads bond
The committee said the State Department for Infrastructure ha Sh75 billion in accumulated pending bills as at December 2020.
03/05/2021
Trust company fined $835,000 for opening ‘gateway to possible money laundering’ in Angola
An investment scheme involving tycoon Jean-Claude Bastos de Morais exposed in ICIJ’s Paradise Papers investigation bore “obvious” risks of possible corruption, a Jersey court finds.
03/05/2021
Equity extends pay back period for third of loans
Only 35 per cent of our customers have exercised that option,” Dr Mwangi said on Wednesday.
03/05/2021
Treasury sets guarantee terms for county external loans
The Constitution allows counties to borrow from the capital markets and foreign sources once cleared by the National Treasury.
03/05/2021
Isabel dos Santos’ Maltese consulting firm served with $230,000 tax bill
The Angolan billionaire’s company had “no intention” to carry out economic activity in Malta, the island nation’s authorities said.
03/04/2021
City Hall seeks new terms for Sh4.5 billion KCB loan
KCB Group inherited the loan from Equity Bank in September 2014 and offered City Hall a grace period of six months before it could start servicing the debt over eight years.
03/04/2021
GEPF reappoints Standard Bank to provide master custody and additional services
The renewal of the mandate cements Standard Bank’s position as Africa’s largest provider of custody and related services.
03/04/2021
Ghana’s central bank launches a regulatory sandbox prioritizing blockchain-related companies.
Ghana's central bank has launched a regulatory and innovation sandbox focusing on projects building on blockchain technology.