10/11/2019
Barclays is changing to Absa - A new brand of possibilities
The Group has a presence in 12 African countries, Botswana, Ghana, Kenya, Mauritius, Uganda, Seychelles, South Africa (Absa Bank), Tanzania (Barclays Bank)
Regulation,Tax & Compliance
10/11/2019
Banks holding TBs should restructure for forex loans
As at June last year, a total US$4 billion Treasury Bills were taken by the country’s 17 financial institutions with half the amount maturing this year, but a significant amount has since been rolled over to maturities of between 3 and 6 years to co
10/11/2019
African Development Bank, Government Pension Investment Fund, partner for green, social and sustainability bond markets
GPIF is Japan's largest public fund investor and the largest pool of retirement savings in the world.
10/10/2019
In new filing, Old Mutual denies contempt of court, says relationship with Moyo 'completely destroyed'
The papers were filed in response to an earlier ruling that Moyo could introduce further evidence in his contempt of court application against the firm and its directors for not allowing his to resume his duties.
10/10/2019
'Sharp slowdown' in growth for SA, says World Bank as it cuts forecast
Growth is seen reaching 1.3% in 2021, 0.5 percentage point lower than the April estimate.
10/10/2019
Burundi new forex laws hurt traders
The Bank of the Republic of Burundi (BRB) does not have enough foreign currency to satisfy the market despite imposing tough measures on private forex bureaus.
10/09/2019
Bank of Uganda cuts policy rate to 9 per cent for October 2019
This policy move is expected to boost already high liquidity levels in the banking sector and this will eventually accelerate credit growth and real economic activity,” said Adam Mugume, Executive Director for Research at Bank of Uganda (BoU).
10/09/2019
Andersen Global Enters Namibia; Continues Expanding Presence in Africa
With deep roots practicing law in Namibia for more than 70 years
10/08/2019
The tangled web of drafting offshore wills
Added layers of complexity in dealing with multiple jurisdictions has coincided with South Africans increasingly externalising some of their assets.
10/07/2019
Forensic Technology A Critical Tool To Rooting Out Corruption In Africa
Too much talk and too little action on corruption is one of the biggest barriers to investment on the African continent.
10/07/2019
Buhari nominates Adesina for re-election as AfDB President
With the strong support of President Jonathan and the then President elect, Buhari, we campaigned very hard for the position of the President of the African Development Bank.
10/07/2019
Is Tech In Africa A Job Killer Or Job Creator?
The large number of unemployed youth in Africa is a problem that is slowly coming into view as one of the biggest challenges of the 21st century.
10/07/2019
FirstBank Partners NESG
The Nigerian Economic Summit is the foremost credible platform for public-private dialogue which enables policy makers and influencers to deliberate on issues, proffer policy options with a view to a better understanding of our national economic policy di
10/07/2019
Alexander Hamilton’s Credit System Is Necessary for Africa’s Development
To provide credit for the newly united colonies, Hamilton designed the National Bank of the United States in 1791 at the request of President George Washington.
10/07/2019
Reasons for entrepreneurs to consider setting up an offshore business
Access to opportunities rather than tax efficiency is the guiding principle.
10/06/2019
Going, going, gone: African dictators losing luxury lifestyle amid money laundering crackdown
Their sale represented “a highlight of the international motoring calendar,” enthused James Knight of Bonhams, the presiding auction house.
10/06/2019
70% debt service unsustainable, Nigeria may default –Experts
The recent announcement by the World Bank Vice-President for Africa, Hafez Ghanem, that the global financial institution is in talks with the Nigerian authorities for as much as $2.5 billion in a new tranche of concessionary lending to Africa’s most
10/04/2019
BitMinutes, Akoin Announce Partnership They Hope Will Transform Africa and the Lives of Its Citizens
While executives at the two companies have been talking for more than a year, their collective progress as individual companies made the timing right for a partnership, according to Tom Meredith, the CEO and founder of BitMinutes.
10/04/2019
Citigroup Among Banks Hit With $1.4 Billion Nigerian Penalty
The sanctions come three months after the central bank gave lenders until Sept. 30
10/04/2019
Kenya: African Development Bank Group approves loans of €209m for expansion of ‘Great North Road’
The five-year project will convert the 84km Kenol–Sagana–Marua Road in central and eastern Kenya from a two-way single carriageway into a dual bypass