05/26/2020
Regulatory Compliance Amidst Rising FinTechs in Ghana
FinTechs seek to harness the rapid growth in technology to transform the global financial ecosystem.
Regulation,Tax & Compliance
05/26/2020
Relook new CRB regulation on banks
Mervyn King uses this illustration to explain that in recent years central banks have been able to influence the path of the economy without making large moves.
05/25/2020
Fines: NSE makes over N154 million from banks, others
About 30 firms were fined for unauthorised publications, non-disclosure of material information, failure to file their financial statements by the due date.
05/25/2020
Africa and EU: A strengthening partnership - European Union’s new Africa strategy amidst COVID-19 uncertainty
The EU and Africa have partnered on addressing Africa's access to power for some time
05/22/2020
Going Private Transactions During Covid-19
The Courts in all of the jurisdictions above have proactively moved towards virtual hearings to facilitate the continued conduct of Court business.
05/22/2020
Equity restructures Sh92bn loans in Covid-19 soft landing
World Bank expects Kenya’s economic growth to slow down to 1.5 per cent this year, and contract by one per cent in the worst case.
05/22/2020
Investec calls for an acceleration of lockdown easing
Wainwright said even without Covid-19, the group's profits from continuing operations would have been down 10% because of the recessionary impact in SA and Brexit uncertainty in the UK.
05/22/2020
West African Development Bank selects Wolters Kluwer’s OneSumX software for risk management
BOAD selected Wolters Kluwer as its integrated approach to risk management was consistent with its needs and enables balance sheet modeling, stress tests, dynamic financial planning and offers advanced reporting capabilities in more than all the indicator
05/22/2020
FNB ramps up forensic processes with crime-fighting AI
As part of its ongoing efforts to constantly innovate, the big-four bank has rolled out an in-house-developed AI technology to monitor regulatory and financial risks, including tax evasion, money laundering, fraud and insider trading.
05/21/2020
Olugbemi Sworn in as CIBN President
The new CIBN leadership would oversee affairs of the institute for the next two years.
05/21/2020
Regulator temporarily suspends operating licence of Ecsponent Financial Services
In April, Gerhard van Deventer, head of enforcement at the FSCA, told Moneyweb that Ecsponent was under investigation for marketing high-risk preference shares to pensioners.
05/21/2020
EFCC Cautions Public Against Covid-19 Scams
He explained further that there are regulations from Central Bank of Nigeria
05/20/2020
Bridgestone South Africa secures US$21.7 million loan with JBIC
Development bank aims to boost Japan’s competitiveness, connectivity with Africa
05/20/2020
Treasury expects Kshs 500 billion shortfall
The shortfall has been caused by reduced tax collection from workers and businesses.
05/19/2020
EU lists Mauritius as high risk country for money laundering
The EU’s revised list for high risk countries considered developments that have taken place at the international level since 2018.
05/19/2020
Mauritius: the regulatory impact of Covid-19 on the financial services industry
Relevant documents may now be provided to the Financial Reporting Council in an electronic form as part of a review of the practice of an auditor.
05/19/2020
Mauritius: companies in financial difficulty and the COVID-19 (Miscellaneous Provisions) Act, 2020
The effect of these amendments is that companies are given more time to pay debts exceeding MUR250 000 and creditors cannot put a company in liquidation for sums of less than MUR250 000.
05/19/2020
Forex reserves swell to four-month high on IMF Sh79bn injection
“Foreign exchange reserves are projected to close the year at about five months of import cover.”
05/19/2020
Afreximbank inks oversubscribed syndicated dual-currency loan
Proceeds will partly be used to refinance an upcoming syndicated loan maturity for a dual-tranche US$352.9mn and €499.6mn term loan struck in May 2017.
05/19/2020
Advisory firm to compensate client after facilitating Cape Verde hotel investment
An agreement was not reached and the case was passed on from an adjudicator