09/17/2019
CBK puts banks on alert over money launders ahead of September 30 D-Day
The regulator reminded lenders of their obligation under the Crime and Anti-Money Laundering Act, 2009
Regulation,Tax & Compliance
09/17/2019
Ecobank staff rationalisation didn’t follow due process –Ex-employee
Actually, the bank reserves the right to disengage staff because it is part of the terms of engagement in any structured employment contract.
09/17/2019
Union Bank supports women capacity building with Alpher
We think about an enterprise leadership programme and so we partnered with the Leading Lady Africa, and Union Bank is reiterating its commitments to women, to small scale businesses as well as paving a forefront for the Nigerian society.
09/16/2019
AfDB launches $ 2 billion 1.625% Global Benchmark due September 2022
The high quality of the order book is illustrated by the strong participation of Central Banks and Official Institutions, taking 64 percent of the allocations.
09/16/2019
CISI unveils new Kenya partnership
Through this partnership, the KIB will undertake to offer training, as a CISI Accredited Training Partner, for a number of qualifications administered by the CISI.
09/13/2019
SA authority fines Steinhoff a record R1.5bn - but it only needs to pay R53m
But given Steinhoff’s current financial position, it will waive the bulk of it to only levy a penalty of R53m.
09/13/2019
BTG Namibia signs strategic partnership with Eljota Investment Managers
Ike Dube, Managing Director of Altron ROA lauded Eljota’s deep local insight.
09/12/2019
Banking staff to get 6% pay raise in new CBA
KBA has termed its deliberations with staff as pragmatic on the back of concerted efforts by banks to squeeze out efficiency including cost optimization efforts such as employee rationalization.
09/12/2019
SA concludes trade deal with UK in case of no-deal Brexit
Minister of Trade and Industry, Ebrahim Patel, told reporters on Wednesday in Cape Town that SA and five other countries in the southern African region had clinched a deal that would give the African states a soft landing in case of a no-deal Brexit.
09/12/2019
Nigerian Banks Have Been Ordered To “Lend Or Die” – Now The Big Banks Are Thirsty For Borrowers
In plain language, the CBN wants Nigerian banks to adjust their books before September 30
09/11/2019
Banks reject CBN “harsh”policies
The policy implementation, which takes effect on September 30, has presented two options to the banks, Director, Investment Banking at Coronation Merchant Bank Limited, Abiodun Sanusi said.
09/11/2019
Ghana Strengthens Capacity to Avoid Repeat of Banking Cleanup
Personnel are receiving training on how to apply regulation stringently, he said.
09/10/2019
Moyo again barred from returning to work at Old Mutual
In a video shared by journalist Ray Mahlaka on Twitter, Moyo's lawyer Eric Mabuza says Old Mutual representatives took him and Moyo to a boardroom and told them that they were not allowed on the premises.
09/10/2019
African Development Bank To Launch Report On Creating Jobs
This report brings together some of the world’s leading labour and development economists to provide specific policy recommendations for creating decent jobs.
09/10/2019
Regulator now bars KCB from sacking National Bank staff
KCB has 4,835 employees in Kenya while NBK’s workforce currently stands at 1,356, the regulator said.
09/10/2019
The Evolution Of Compliance In The Banking Sector
Zwane, who assumed her position in 2017 has a big task ahead of her.
09/09/2019
Access Bank warns against fraudsters
It gave tips that will help customers to protect their card and personal information to include not sharing their PIN or giving their cards to anybody.
09/09/2019
Citigroup, Credit Suisse Await Africa Deals on State Asset Sales
U.S. firm says investors see East Africa as a bright spot
09/09/2019
Nigerian ruling party demands takeover of SA firms
"It is worth it for the Nigerian government to take steps to take over the remaining shares of MTN that are owned by South Africans."
09/09/2019
Old Mutual Again Blocks Its CEO From Getting Back to Work
He was gone before lunchtime, having spent most of the morning in a boardroom awaiting a decision on whether he would be allowed to work -- mirroring events almost six weeks earlier.