03/11/2020
Sudan: African Development Bank signs first private sector loan, DAL Group to receive up to $75 million
Blanke said the agreement was historic.
Regulation,Tax & Compliance
03/05/2020
Société Générale bets Madagascar’s time for mobile money has come
Secure payment systems are needed and these will help businesses to achieve scale more safely.
03/03/2020
Crypto in Africa: A coming money revolution?
Cryptocurrencies have the potential to revolutionise the financial system, but following a series of scams there is still a good deal of scepticism about them.
03/02/2020
President of the African Development Bank receives 8th African Leadership Magazine African of the Year Award
The African Leadership Magazine Persons of the Year Awards is now the most popular vote-based third-party endorsement in Africa
03/02/2020
Zimbabwe, SA now have the same growth forecast for 2020 from the IMF
The review comes as the recently reintroduced Zimbabwe dollar has lost much of its value.
03/02/2020
A global asset and family footprint requires careful estate planning
When it comes to estate planning, people seldom appreciate the complexities a global footprint brings – Fisa.
02/27/2020
Zimbabwe Lost US$3 Billion To Illicit Financial Flows And Corruption In Just A Year – ZACC Reveals
The Financial Intelligence Unit estimated that Zimbabwe lost over US$3 billion to illicit financial flows through proceeds of crimes involving tax evasion, smuggling, corruption, fraud, drug trafficking and money laundering.
02/27/2020
Is the time right for a single currency in West Africa?
Its value was originally pegged to the French franc which was subsumed into the Euro after France became a member of the Eurozone, a group of European countries belonging to a monetary union.
02/27/2020
Tito Mboweni squeezes government millionaires and ordinary middle-class civil servants
By looking at where the government wants to cut benefits and wages, Daily Maverick pinpoints who will be hit by the mooted state wage bill cuts.
02/25/2020
South African managers turn to Guernsey funds
South African managers also make significant use of Guernsey’s pioneering protected cell and incorporated cell structures for their offshore funds.
02/25/2020
Kenya: Djibouti's East African Bank Distance Self From Kenya Registered Bank
Both East Africa Bank and East Africa Savings Bank are apparently Sharia compliant.
02/24/2020
BoG measures to prevent another banking crisis encouraging – Akufo-Addo
The government is having to conjure thirteen billion cedis (GH¢13 billion) to pay the 4.6 million affected customers of the banks.
02/24/2020
23 staff cost Sanlam Sh53 mn in Voluntary Early Retirement program
turnaround in investment strategy such as restructuring its bond.
02/24/2020
Britain prepares to reimpose sanctions on Grace Mugabe after Brexit
It comes months after the death of former Zimbabwean president Mr Mugabe at the age of 95.
02/17/2020
Major South African bank caught out in data breach
"It is only through the use of a comprehensive arsenal of advanced tools that visibility and control over data can be maintained.”
02/14/2020
Why CDSC deserves a broader mandate
With the new Treasury Mobile Direct platform, the taxpaying citizen is directly going to fund the government.
02/14/2020
African Development Bank Rebuts World Bank President’s comments on Africa’s debt profile
The African Development Bank’s Africa Legal Support Facility (ALSF) supports countries to negotiate terms of their royalties and taxes to international companies, and terms of their non-concessional loans to some bilateral financiers
02/14/2020
Ecobank Group enters cross-border remittance partnership with Alipay
The partnership will facilitate instant transfers from Rapidtransfer, Ecobank’s remittance solution, to users of Alipay, which serves more than 1.2 billion people globally together with its local e-wallet partners.
02/13/2020
Investec Ups Climate Investment, Clarity as Pressure Grows
“The urgency around work on climate change is as high as it has been at any time,” Chief Executive Officer Fani Titi said in an interview at the bank’s Johannesburg headquarters on Monday.
02/12/2020
Ghana Closes In on Watchdogs, Execs at Center of Banking Crisis
Country closed down third of lenders after governance failures