08/01/2019
BoG commends CBG for delivering strong banking service
At the initial stage, there were challenges and doubts but under good management, the story is positive now.
Regulation,Tax & Compliance
08/01/2019
In East Africa, regulators at a crossroads over falling share prices
A study carried out by the Capital Markets Authority of Kenya whose findings were released last year shows that there is emerging stiff competition from quick return vehicles including real estate, mobile money products and sports gambling.
08/01/2019
Three firms admitted to CMA Regulatory sandbox
Innova Limited has been approved to test its cloud-based data analytics platform designed for use by investors, fund managers, custodian banks, actuaries, pension administrators and regulators.
08/01/2019
Kenya’s CMA admits three fintechs to regulatory sandbox
A third fintech firm admitted has elected to remain anonymous, during its three months test period, except to its closed group of test subjects, an option provided by the company to the authority, the CMA said.
07/31/2019
South Africa's ANC says central bank nationalization won't affect mandate
Party officials on Tuesday sought to emphasize that they would tread carefully after SARB Governor Lesetja Kganyago said last week that a debate over ownership of the central bank was increasing investor uncertainty and fuelling the risk premium attached
07/31/2019
Nigeria's Central Bank Awards Financial Services Licence to MTN Subsidiary
MTN Nigeria’s CEO Ferdi Moolman said on Monday its Yello Digital Financial Services Limited (YDFS) unit had been granted a “full super-agent” licence by the Central Bank of Nigeria.
07/31/2019
In East Africa, regulators at a crossroads over falling share prices
A study carried out by the Capital Markets Authority of Kenya whose findings were released last year shows that there is emerging stiff competition from quick return vehicles including real estate, mobile money products and sports gambling.
07/31/2019
Abu Dhabi Global Market, CMA establish cooperation in sustainable finance
The MOU provides a framework for CMA and FSRA to exchange information pertinent to products, services and initiatives as well as to develop legislative, regulatory and institutional frameworks to enable the two sides to facilitate and support sustainable
07/30/2019
Access Bank, DIFC woo firms for offshore business
“What the DIFC provides is another alternative and it is one that has been there for 15 years on and they have demonstrated that they are world class and can compete with the best economic zones anywhere in the world,” he stated.
07/30/2019
Banking Amendment Bill Finally Lands In The National Assembly
A three-Judge bench determined that the wordings the Parliament used to define the terms ‘credit facility’ and the ‘Central Bank Rate’ are vague and open to multiple interpretations.
07/30/2019
The amount overpaid into the pension can be estimated.
Speaking during the signing of the MoU in Abuja, the Managing Director/Chief Executive Officer, Heritage Bank, Ifie Sekibo, stated that the win-win collaboration among the institutions would promote and fast-track the support that would help Zamfara explo
07/30/2019
FBNBANK Ghana repositioned to aid Ghana’s economy
“We also have an expanded risk acceptance limit and target market and part of our group’s drive is to do more in the real sector space, supporting manufacturing and infrastructure projects with good cash flow potential” Dr. Adeduntan add
07/30/2019
Planning for kids studying overseas by Cheryl Howard,Maitland Family Office
Competition is fierce to be accepted into a foreign university
07/29/2019
South African President Makes Public Info On Meetings With Gupta Brothers
The three Gupta brothers have been accused of misusing their relationship with South Africa's ex president Zuma to secure lucrative deals.
07/29/2019
Mauritius Leaks: Kenya should be wary of its interactions with island nation
With this in mind and while seeking to be competitive in relation to other African states, the Government of Kenya signed a second Double Taxation Avoidance Agreement (DTAA) with Mauritius in 2019 to promote foreign direct investment (FDI) flows into the
07/29/2019
Mauritius Government hits back on Leaks
The Mauritius Government also accused the ICIJ of trying to harm the island’s reputation and says it has instigated a criminal investigation into an IT system that has been intruded and breached. – Linda van Tilburg
07/29/2019
SA tax man lost $14.8 million in SAA’s dodgy aircraft lease deal
Between 2011 and 2014, Aircastle Limited, a US-based company, made $53 million from leasing planes to South African Airways (SAA) and did not pay taxes in South Africa.
07/29/2019
Payments in South Africa are set to undergo remarkable changes
The South African Reserve Bank (SARB) is looking to make certain changes to the NPS, which was first enacted in 1998, and has since lost a degree of its relevance in the contemporary market.
07/29/2019
GE Healthcare and Access Bank Nigeria to boost Nigeria’s healthcare sector
Access Bank will provide access to loans for eligible healthcare providers, while GE Healthcare will support the programme through the provision of GE healthcare equipment and technical support.
07/29/2019
Regulators laud CBG as it makes strides towards growth
There is greater cooperation and coordination among the regulators