11/04/2018
HSBC and UBS shut offices in Nigeria
HSBC had recently become mired in the country’s political debate.
Regulation,Tax & Compliance
11/02/2018
Deutsche Bank and Standard Bank sign deal to finance US agri exports to Africa
The agreement ensures that Standard Bank is now one of the preferred issuing banks to the Commodity Credit Corporation, Deutsche Bank writes in a statement.
11/02/2018
FNB working with regulators to crack down on instant EFT services
South African banks have stated that they disapprove of these services, as they violate their terms and conditions and can compromise the security of user credentials.
11/02/2018
Chad Gets World Bank’s $125m Lifeline
The World Bank’s assistance to help fund development projects will be was provided as donations in the framework of two agreements signed by Chad.
11/01/2018
South Africa Central Bank sees higher rates to curb inflation
The South African Reserve Bank sees higher interest rates in the next two years to help contain accelerating inflation.
11/01/2018
Kenya's super-rich on KRA radar after Uhuru order
Traders operating fake electronic tax registers and pocketing the VAT should also be brought to book.
11/01/2018
African economies sustain progress in domestic resource mobilisation
The publication, which now covers 21 countries, shows that revenue trends are mixed.
11/01/2018
IMF urges disclosure of central bank’s forex actions
Investors are left to gauge the amount of dollars the regulator spends or buys in interventions by looking at the movement of official reserves at the end of every week
11/01/2018
IMF raises Kenya’s debt risk to medium but remains cautious
The higher level of debt, together with rising reliance on non-concessional borrowing, have raised fiscal vulnerabilities and increased interest payments on public debt to nearly one-fifth of revenue, placing Kenya in the top quartile among its peers
11/01/2018
Mauritius is the easiest African country to do business in
Tunisia makes it to Africa’s top five in terms of business ease, ranking in 80th place overall – in 2017 the nation placed in 88th position.
10/31/2018
Significant new Namibian tax law proposals
The key details of these tax proposals are summarised below.
10/31/2018
BK Group Approved For Listing On Kenya Bourse
The latest share price represents 6.6 percent discount to the stock’s last traded price of Rwf289.
10/30/2018
Debt is keeping South Africans awake at night
This can be extracted from any of the major credit bureaus like TransUnion, Compuscan and Experian for free once a year and will give you a clear indication of how much you owe.
10/30/2018
South Africa Spends Too Much Time on Populism, Reserve Bank Governor Says
The ruling African National Congress decided in December that the Reserve Bank should be state-owned, like most other central banks.
10/30/2018
ARC a step closer to fully acquiring and launching TymeDigital in South Africa
CBSA and Tyme currently provide a limited range of banking services such as money transfer, TYME Coach and Merchant Advance in South Africa.
10/30/2018
Seychelles sells world's first blue bond in 'dolphin debt' deal
The bond raised US$15 million from international investors, which will help expand and protect marine areas, improve governance of priority fisheries and develop the Seychelles’ blue economy.
10/30/2018
PenCom recovers N465m outstanding pension contributions
“This brought the total recovery by the commission to N14.38 billion which comprised principal contribution of N7.48 billion and penalty of N6.96 billion,”
10/30/2018
Reserve Bank applies for final liquidation of VBS
The Bank's Prudential Authority says there is no prospect of entering into any resolution plan for the bank
10/29/2018
Diaspora inflows in year high - CBK
The 12 months cumulative inflows to August 2018 on other hand grew by 41.9 per cent to Sh255 billion from Sh179.7 billion last year, this, perhaps as a result of extended tax amnesty given to diaspora investors to voluntarily repatriate foreign held asset
10/26/2018
Rapid debt pile raises Kenya’s default risk level
“This debt sustainability analysis finds that Kenya’s risk of external debt distress has increased from low to moderate due to rising refinancing risks and narrower safety margins,”