10/09/2020
Money market liquidity increases on government payments
These funds had been held up by the dispute in the Senate over the formula to be used in allocating county funds in the next five years.
Regulation,Tax & Compliance
10/09/2020
Ugandan banks jolted by court ruling on syndicated loans
Diamond Trust Bank's lawyer, Kiryowa Kiwanuka, told Reuters it had filed a notice of appeal against the ruling.
10/09/2020
Populist proposals in Bill risk Helb’s revolving fund
The National Assembly should also consider giving Helb teeth to track and recover the Sh7.7 billion debts that 78,328 beneficiaries owed as of December 31 last year.
10/09/2020
South Africa’s government has a real problem: it’s running out of money
President Cyril Ramaphosa has in recent weeks waxed lyrical about a plan to revive the country’s broken economy.
10/08/2020
African governments warned over commodities misinvoicing “red flags”
According to its report, which focuses on extra-continental African exports in eight select commodity groups such as gold and platinum
10/08/2020
World Bank Sees Sub-Saharan Africa GDP Rebounding in 2021
The lender’s baseline scenario assumes that the number of new infections will continue to slow and that fresh outbreaks won’t result in new lockdowns.
10/07/2020
KMRC rejects Sh16.5bn mortgage funding bids
Chief executive Johnson Oltetia did not disclose the portfolios submitted by individual lenders.
10/07/2020
Court blocks push to eliminate bank deposit disclosures
Mr Kobia argued it was illegal for banks to impose rules that make cash withdrawals difficult and which breach the confidentiality of financial transactions.
10/07/2020
Banks fighting cyber fraud with strict measures – Bankers’ chief
Also, in recent times, the various forms of advanced technologies adopted by financial institutions have made the banking sector more susceptible to various risks such as phishing, identity theft, card skimming, fishing, email fraud and more sophisticated
10/07/2020
African Development Bank wins global award for COVID-19 bond issue
In 2018, the Bank was recognized as “Second most impressive social or sustainability bond issuer” at the Global Capital Socially Responsible Investments Awards.
10/07/2020
The offshore cash conundrum solution
Offshore policy wrappers offer some real solutions to some of the potential issues with investing offshore.
10/06/2020
CBN approves new cheque standard for banks
A new cheque standard has been approved by the Central Bank of Nigeria.
10/05/2020
NDIC set to pay insured depositors of liquidated Femaz Microfinance Bank
The affected depositors are to present their cheque books, passbooks, and other proofs of account ownership, together with a valid means of identification on alternate account.
10/05/2020
Banks shouldn’t lend to states without our approval – FRC
On lending to states by DMBs, the communique read in part, “No commercial bank should lend money to states without approval from the FRC, in line with the provisions of the FRA.”
10/05/2020
Portuguese regulator calls for criminal prosecution of auditors following Luanda Leaks
The regulator also identified situations in which auditors failed to identify parties to transactions, lacked adequate documentation to show “economic substance of underlying transactions” and did not maintain ”professional skepticism,&a
10/05/2020
Nigeria widens markets’ depth with central counterparty clearing houses
SEC’s approval-in-principle has been described as a ground-breaking development which opens up the financial markets to possibilities of permissible products.
10/02/2020
Kenya and France sign three bilateral deals to boost economic ties
The highway is one of the largest PPP projects in Eastern Africa.
10/02/2020
African Development Bank wins global award for COVID-19 bond issue
The winners of the GobalCapital Bond Awards 2020 were announced on 30 September at a ceremony held virtually for the first time in 12 years
10/02/2020
Ghana should consider revising pension age
According to Mr Atta Krufi, Ghana’s retirement age of 60 years could result in losses in the workplace in both human and financial resources.
10/02/2020
Announcement from the Ministry of Financial Services and Good Governance - Mauritius
Mauritius had already agreed to implement a detailed Action Plan within an agreed timeline with the FATF, to be removed from the FATF list and subsequently from the EU list.