07/19/2019
Sarb decision to cut repo rate broadly welcomed
Governor Lesetja Kgayango announced on Thursday that the rate had been cut to 6.5%.
Regulation,Tax & Compliance
07/18/2019
Bank boards to pay heavily for cybercrimes in new regulations by CBK
"Payment Service Providers (PSPs) should carry out regular independent assessment and audit functions that shall be undertaken by the internal and external audit and risk functions … The board of directors is ultimately responsible for the cyb
07/18/2019
Stanbic Kenya, China partner to ease imports
The programme has been jointly designed by Standard Bank Group, which Stanbic Bank Kenya is a member of, and Industrial Commercial Bank of China (ICBC).
07/18/2019
Combating financial crime - KPMG
3 focus areas for banks to achieve more effective and efficient customer due diligence
07/18/2019
In Zimbabwe, risk perception trumps orthodoxy as inflation soars
The Zimbabwean consumer is highly sceptical over government policy
07/17/2019
Sino-Africa partnership holds much potential
China has increasingly looked to the continent as an integral part of its plans.
07/17/2019
CBK bets on single clients database to rein in fraudsters
The platform will be used by financial institutions
07/17/2019
Pension Money Will Only Be Accessible After Retirement, Says Treasury
A shocker it will be, for the employees who would lose their jobs before the expected retirement age of 55 years
07/16/2019
Senator denies owning properties seized by federal government
The disclosure is against the backdrop of the recent clampdown by the anti-graft agency, sealing houses, filling stations, residential buildings and other properties it said had been traced to Mr Nwaoboshi.
07/15/2019
Watered-down rules show regulators aren’t serious about reining in corporates
These documents, in particular the first two, appeared to indicate willingness on the part of regulators to strengthen some of the weaker areas of corporate governance and responsible investment oversight.
07/15/2019
US blames corruption for slowing down foreign investments in Kenya
Investors warned that corruption remains deeply rooted in Kenya's society and economy.
07/15/2019
CBN’s new lending policy puts 7 banks under pressure
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
KCB to delist National Bank on State stake
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
Mozambique’s former finance minister Chang could be heading for rendezvous with US justice system
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
CBK pushes for lower mobile loan fees
The pricing of some of the mobile phone-based loans includes a huge component of fees, which is outside regulatory control.
07/15/2019
Nigeria: Banks No Longer Need Separate License for Wallet Service - CBN
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
Tanzanian central bank fines lender for breaching rules
“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
Société Générale plans to extend Absa partnership to project finance
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
AfDB urges countries to join Africa50 for a more prosperous Africa
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
Nedbank Head of Retail's Salary Suspended
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.