07/12/2019
Attracted by Africa’s young and growing population, Société Générale has pulled out of east European emerging markets such as Bulgaria and Serbia and increased its African focus.
07/12/2019
Alain Ebobissé, CEO at Africa 50, noted that the organisation had made significant progress over the years and built an effective partnership with several African countries.
07/12/2019
He is alleged to have been aware that several invoices which were presented by service providers were fabricated, in that the services were not rendered and he went on to authorise payment of those invoices without verifying that the work had been done.
07/12/2019
Offering Sharia-compliant products and services, participatory banking is reshaping Morocco’s financial landscape
07/11/2019
That's as the South African manager of more than 2 trillion rand ($142 billion) faces the inquiry, is running several internal probes on key employees and has its third chief executive officer in six months.
07/11/2019
The South African market is still somewhat depressed and current M&A activity is more focused on internal restructurings, consolidation and business rescue, as it waits for positive investor confidence post elections to translate into real gains.
07/11/2019
“KCB will among other things conduct a review of the organisational structure to improve the management and operations of NBK from an efficiency as well as product view point,” said NBK in the circular.
07/11/2019
The inquiry has heard from about 70 witnesses -- several of whom flagged Matjila as having played a key role in approving questionable deals.
07/11/2019
Tongaat is the third major corporate scandal to have dragged Deloitte into its wake in recent years, considering it also happened to be the auditor at Steinhoff and African Bank
07/11/2019
Investors are aware that the new policy may force banks to start issuing high-risk loans
07/11/2019
On March 16 and 17, 2013 it was established that there was a systems breach at NBK where a fraudulent batch gateway of Sh330.02 million was processed in the BankFusion Universal Banking (BFUB) system but which was averted, the court papers say.
07/10/2019
The signing of the compact follows a Memorandum of Understanding of a Development Finance Compact for Portuguese-Speaking Africa, signed during the Bank’s 2018 Africa Investment Forum held in Johannesburg, South Africa.
07/10/2019
It provides risk mitigation, investment products and technical assistance to accelerate private sector development in Lusophone African countries
07/10/2019
He disclosed that the AfDB would be increasing its average investment in Africa from about $600m every year to about $1bn per annum in the next three years.
07/10/2019
Making the ECRS public in a statement, the commission said following this feat, the Commission said it had “transited from the use at the existing Contributor Registration System, CRS, to the ECRS.
07/09/2019
"The reasons vary tremendously, from concerns about our country's policies, to wanting to school children abroad, to wanting to diversify their investments offshore or simply wanting to travel more easily without challenging travel visa requirem
07/09/2019
Old Mutual said with regard to the non-binding advisory resolutions, ordinary resolutions 6.1 and 6.2 - the remuneration policy and the implementation report, which received less than the required 75 percent of votes - it would directly engage with shareh
07/09/2019
Nigeria’s banks are some of the most reluctant lenders in major emerging markets, with an average loan-to-deposit ratio below 60%.
07/09/2019
Correia described the occasion as “an important day for Cabo Verde,” noting that it demonstrated the country’s commitment to press forward with private sector growth, which is key for our country.
07/09/2019
He said counsel must not only be familiar with law related issues but must be familiar with other sectors like the essential technology such as Artificial Intelligence, robotics and block chain.