08/05/2020
Nigerian press focuses on investment of pension fund in infrastructure, others
It stated that the purpose of the regulation was to provide uniform rules and standards for the investment of pension fund assets.
Regulation,Tax & Compliance
08/05/2020
Absa ARO Completes Fully Virtual Implementation as It Moves to Fiserv for Card Management and Processing Across Nine African Nations
This timely implementation of FirstVision was achieved using a virtual team model based on proven Fiserv conversion methodologies, as the ongoing pandemic required remote operations.
08/04/2020
African banks adopt robust measures against lockdown losses
They have eased capital reserve requirements, many of which were introduced in the aftermath of the 2008 global economic crash.
08/04/2020
Afreximbank appoints Bank One as Trade Finance Intermediary in Mauritius
The African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution with the mandate of financing and promoting intra-and extra-African trade.
08/04/2020
Banking Sector Assets Strong – BoG Governor
growth, and borrowing from parent companies had funded banks investments
08/04/2020
Proposed law to regulate digital lenders goes for public hearing
The proposal was first introduced in parliament in October last year by nominated MP Gideon Keter.
08/04/2020
Standard Bank, Silicon Cape deal targets local fintech start-ups
In addition, start-ups in the ecosystem will benefit from exposure to a major corporate like Standard Bank.
08/03/2020
CDC injects more $75 million into trade finance deal with Absa
Trade finance represents the financial instruments and products that are used by companies to facilitate international trade and commerce
08/03/2020
UBA Denies N41bn Fraud Allegation
UBA has set in motion all appropriate legal actions to ensure that the misleading reports are retracted and the perpetrators held accountable for their actions.
08/03/2020
Where FATF Crypto Compliance Gets Interesting: Africa
Africa isn’t included on the virtual asset regulatory map just yet.
08/03/2020
SA’s increasingly jaded corporate governance
The regulatory muscle being flexed by the bourse, and questionable claims of independence by some corporates.
08/03/2020
VBS can’t be revived: Reserve Bank
To date, the Reserve Bank said over 98% of deposit balances guaranteed by government have been claimed.
08/03/2020
SA’s increasingly jaded corporate governance
The regulatory muscle being flexed by the bourse, and questionable claims of independence by some corporates
08/02/2020
IMF and African Development Bank loans couldn’t even cover South Africa’s tax shortfall
To help the battered economy and fight the pandemic, South Africa has borrowed $4.3 billion from the IMF, R5 billion from the AfDB and $1 billion from the New Development Bank.
07/31/2020
Private sector credit growth hits 5-month low over Covid
Banks are taking a cautious approach in extending fresh credit in an environment where corporates and individuals are increasingly seeking extension on their loan repayments due to liquidity challenges.
07/31/2020
CBK revises remittances outlook on June recovery
Kenya’s remittances recovered sharply in June to Sh31 billion ($288 million) -- the second highest inflow in a single month-- after the sharp dip in April as coronavirus continued to hit the world economy.
07/31/2020
AfDB: Breaking down Adesina’s actual record as president
He also believed that his record would ensure his smooth re-election as president of the AfDB.
07/31/2020
Interview: AIIB offers better access to affordable capital to African members
The AIIB membership provides powerful guarantees of governments' policy directions
07/31/2020
RMB CEO: Tito’s Cabinet colleagues must help to push through business reforms
The former central bank governor has advocated pro-business reforms that have met opposition from some factions within the ruling party and its communist and labor union allies, which seek more government control over the economy.
07/31/2020
Access Bank of Nigeria set to enter Kenyan market
Access Bank, with its headquarters in Lagos, is one of the leading full service commercial banks operating through a network of 600 branches and service outlets in three continents.