09/21/2020
In August, a Manhattan judge granted a secret court order giving the Industrial Development Corporation (IDC) access to Gupta financial records held at more than a dozen New York banks.
09/21/2020
The CBK on Friday licensed the country’s first mortgage refinance firm, paving the way for commercial banks to access long-term finance for home loans.
09/20/2020
Surge in South Africans weighing up options to leave the country
Montenegro enquiries increased by 25% in Q3 compared to Q1, and St. Lucia enquiries increased by 46% in the same period, it said.
09/20/2020
CBN has upscaled Greenwich Trust Limited to the status of a merchant bank.
09/18/2020
In order to raise its income and make a step in enlarging its borders, Nigeria made a few deals with Kenyan banks.
09/17/2020
When AlBaraka began updating its core banking platform it needed to ensure that the new system integrated with the SARB and complied with local legislation.
09/17/2020
On May 31, 2019, 347 microfinance companies had their license revoked by the Bank of Ghana as part of the financial sector cleanup.
09/17/2020
Over the past five years, there has been several unceremonious departures from the market, of a number of retail chains that went under with millions of dollars in supplier credit, bank loans, rent and wages arrears.
09/17/2020
A recession in South Africa and muted price development in Kenya make these nations outliers nonetheless contemplating fee cuts, though their room for maneuver can also be narrowing.
09/16/2020
In recent times, the activities of fraudsters have increased and the banking sector is grappling with efforts to tackle this menace headlong.
09/16/2020
Thus, the burden of proving that the crypto assets proposed to be offered are not securities and therefore not under the jurisdiction of the SEC, is placed on the issuer or sponsor of the said assets," it said.
09/16/2020
Kenya Bankers Association CEO Dr. Habil Olaka and Huawei Kenya Chief Executive Officer Mr. Will Meng during the signing a memorandum of understanding. Under the agreement, the two organizations will organize financial ICT-related activities.
09/15/2020
This helped boost net trading income to Sh10 billion from Sh4.2 billion in 2018.
09/15/2020
The new initiative aims to harmonise African standards for pharmaceuticals and medical devices thereby enhancing intra-African trade, reducing substandard counterfeit products, and building resilient regional health systems
09/15/2020
The webinar noted that the policy recommendations of the African Economic Outlook Supplement could be regarded as important opportunities for investments
09/14/2020
On the 182-day T-bill, the yields have gone up from 6.56 percent to 6.69 percent in the period, while the 364-day T-bill has seen its rate rise marginally from 7.52 percent to 7.56 percent in the past five weeks.
09/14/2020
Fintechs are firms disrupting the conventional banking model by using technology to make financial operations easier, faster and more accessible to businesses, institutions, and the general public at large (customers).
09/14/2020
Banks, especially big ones, are essentially an indication of the state of the economy – except for one crucial difference; they need to retain the confidence of their clients.
09/14/2020
“By simplifying the conversation about wealth creation, we aim to offer our customers and potential customers a practical formula to accumulate wealth.”
09/13/2020
Continental Reinsurance Plc now holds 100% of issued ordinary share capital in its subsidiary.