10/02/2019
NBC Ghana Trust CEO calls for transparency in pension trustee administration
The Bank of Ghana recently completed banking reforms which led to the transition and collapse of seven commercial banks for a variety of reasons.
Regulation,Tax & Compliance
10/02/2019
Ex-Rössing employees press on for pension surplus
Kapembe further demanded that the payment to former employees be made known through the media in order to prevent further confusion among the beneficiaries.
10/01/2019
African Wealth Funds Primed for Deployment as Geopolitical Tensions Ease from Decades Ago
Despite being the largest fund, LIA is not without its complications.
10/01/2019
Nigeria Ups the Ante on Banks With Tougher Lending Demands
The directive comes after some lenders failed to meet an earlier deadline to ramp up lending
09/30/2019
AfDB swears in new sanctions commissioners
They will issue sanctions against individuals and entities whose liability is established following a written and adversarial process.”
09/30/2019
Everton’s sponsors SportPesa remove business from Kenya due to hostility of African nation's government
Along with several betting companies, SportPesa had its licence suspended in Kenya after the government claimed online betting outfits weren’t doing enough to curb the rise of gambling addiction among young people and also not paying enough tax.
09/30/2019
Kenya’s Big Four Agenda Gets Global Recognition
Kenya’s trade readiness score is particularly high, due to infrastructure and ease of doing business improvements that far surpass most other African nations in our index.
09/30/2019
Aggressive CBK cash mop-up drives T-bill subscriptions down
The seven-day the TAD being used by the CBK for the mop-up stood at 8.98 percent on Friday, just shy of the nine percent maximum allowed (the prevailing Central Bank Rate)
09/30/2019
New laws on the cards to regulate participation of foreigners in SA economy - report
The minister said that government cannot account for the business conducted by foreign nationals in the country, as their money is not necessarily banks in SA's banking systems.
09/30/2019
SASBO says it will scrutinise Capitec's recruitment process
The South African Society of Bank Officials (SASBO) says it'll scrutinise the offers put on the table by Capitec Bank, when it signs contracts with new staff.
09/30/2019
AU urges Kenya to extend tax breaks to local companies
Data from Kenya Revenue Authority (KRA) shows that tax handouts, which stood at Sh220.8 billion 10 years ago
09/29/2019
Zimbabwe’s central bank to fine users of foreign currencies
Overseas currencies aren’t allowed for payments of goods and services or fees and commissions.
09/27/2019
Africa dreams of free trade as red tape rules on the ground
Cargo trucks face long delays at Kenya, Tanzania border
09/27/2019
South African government issues $5bn in bonds
The 10-year bond priced at a coupon rate and re-offer yield of 4.85 per cent which represents a spread of 313 basis points above the 10-year US Treasury benchmark bond.
09/27/2019
Sanlam announces retrenchment plan targeting staff aged above 50
Sanlam seeks to rationalize staff within its life and general insurance business to cover 193 employees whose average age currently picks at 35.
09/27/2019
A strong case for dropping CBR as monetary policy tool
Fear of uncertainty can make people hoard cash, or make bankers hesitant to lend and borrowers afraid to take credit.
09/27/2019
Regulator warns Kenyans against forex trading platform
CMA has said Interweb Global Fortune has been operating as a pyramid or ponzi scheme, where investors are promised high returns or dividends which are not realistically available
09/26/2019
CBK Announces More Mergers In Kenya’s Banking Sector
“The treasury is setting fiscal deficits each financial year and if this continues to happen, we shall have a scope of monetary accommodation,” said Mr. Njoroge.
09/26/2019
Kenya parliament rejects request to remove interest rate caps
Lawmakers voted by acclamation to reject the Finance Ministry’s request on the caps contained in the 2019/20 budget
09/26/2019
No new banking applications yet — Bank of Ghana
There had been concerns in some circles that the central bank was processing fresh applications for banking licences two years after the financial sector clean-up.