09/10/2020
The approval follows a meeting of the extended Bureau of the Conference of Heads of State and Government with Africa’s private sector on 22 April 2020
09/10/2020
It comes at a time when the World Bank has stepped up lending to Kenya including the $1 billion (Sh108 billion) that was approved in May to help the country close a gaping budget deficit and tackle the economic shocks from the coronavirus pandemic
09/10/2020
Recent debt crises in the Kenyan supermarket business has shown that the retailers operate on an asset-light business model, paying lenders, landlords, suppliers and employees from sales collections.
09/10/2020
South Africa needs an accountable democracy and ongoing engagement around tax.
09/10/2020
Beneficial ownership is a term in domestic and international commercial law that refers to the natural persons who exercise significant influence over and receive profits from a company who are not its legal owners.
09/10/2020
Heystek said the funds are no longer able to rely on the ‘old chestnut’ of long-term gains, and that South Africans are increasingly choosing to step in and take control of their investments.
09/09/2020
The informal sector workers are self-employed as Beauticians and Hairdressers, Street vendors, Artisans, Drivers, Casual laborers, Farmers and Fishermen.
09/09/2020
This means that regulatory design for the inevitable competition arising from the entry of tech players must be ‘appropriate’, it said.
09/08/2020
The economic value of integrating intellectual property rights within the financial system cannot be over-emphasised in a country where most businesses do not have tangible assets such as land which are traditionally preferred as collateral by financial i
09/08/2020
The Treasury said it will issue a new M-Akiba bond this year as part of its continuing strategy to promote savings culture and deepen financial inclusion.
09/08/2020
The World Bank expects Kenya’s economic growth at 1.5 percent this year, from 5.4 percent in 2019, and contraction of 1.5 percent in the worst-case scenario under the impact of coronavirus.
09/08/2020
The former CEO detailed how a newly appointed board moved for his suspension despite his ‘wealth of experience’.
09/08/2020
The lender was bailed out by the industry and its shareholders including the South African Reserve Bank, the Government Employees Pension Fund and the nation’s six largest lenders.
09/08/2020
Instructions by businesses and high-net worth individuals to banks to transfer cash in their accounts increased 13.52 percent to 454,281 transactions in July compared with a month earlier — the highest volume in a year.
09/07/2020
AfDB President survived several accusations including breaches of the bank’s code of ethics
09/06/2020
In particular, it's been highlighted that organised business was, for the first time, presenting common policy positions.
09/06/2020
In total, the CBN now holds a total of N6.57 trillion in CRR debits from the nation’s top 5 banks
09/04/2020
The bureaucratic gridlock and a lower CBR is partly the reason average lending rates dropped to 11.89 per cent in June – a record low since 1991 when the CBK started making the data public.
09/04/2020
Nevertheless, a new study by Kaspersky suggests that Kenya is now Africa’s easiest target for cyber gangs.
09/04/2020
Ghana is one of several African nations to explore blockchain technology, which many see as a method of leapfrogging traditional financial infrastructure and modernising access to banking products in developing nations.