07/15/2019
Financial analysts said more smaller banks would also be affected, adding that the pressures may force the banks to sidetrack the policy and opt to stay with the penalty for non-compliance.
07/15/2019
This is designed to ensure that dissenting investors are given an opportunity to exercise their option of declining the offer and remaining part owners in a listed company.
07/15/2019
New Justice Minister Ronald Lamola’s decision to oppose Manuel Chang’s extradition to Mozambique opens the way for him to be tried in the US.
07/15/2019
The pricing of some of the mobile phone-based loans includes a huge component of fees, which is outside regulatory control.
07/15/2019
Jimoh said: "You do not need authorisation from the CBN to go into Wallet services or mobile money schemes. All you need is to notify the CBN your current license suffix."
07/14/2019
“BoT ... directed all banks and financial institutions operating in Tanzania to establish either a primary or secondary data centre in Tanzania with a view to ensure data and service availability at all times.”
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.