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Regulation,Tax & Compliance

05/16/2019

African Development Bank Approves Eur 90 Million to Support the Kenya Mortgage Refinance Company

KMRC is a non-Bank financial institution designed to provide long-term funding and capital market access to local lenders, including commercial banks, and Savings and Credit Cooperative Organizations to help consolidate the East African nation's grow

05/15/2019

AfDB gets $61.8m to drive initiative for women entrepreneurs

About 21 countries including Nigeria, Côte d’Ivoire and other African countries will benefit from the programme

05/14/2019

S. Africa: JP Morgan cuts local bond exposure citing rating risks et al

In foreign exchange, the bank said it had entered an underweight position on the South African rand, citing expensive valuations.

05/14/2019

CBA and NIC told to retain staff as merger plan gets nod

The retention of staff will come as a major relief after a spate of layoffs by various lenders since 2016 on the back of the rate cap law to cut costs.

05/14/2019

Africa: Women Entrepreneurs Finance Initiative Allocates Second Round Funding; Expected to Grow 70,000 Women's Businesses

This complements the first round of We-Fi funds announced in April 2018, which allocated $120 million for projects implemented by the World Bank Group, Asian Development Bank, and Islamic Development Bank to tackle the barriers facing women entrepreneurs

05/13/2019

The economic cost of tax, our low savings rate and red tape

“Redistribution doesn’t actually help poor people to improve their financial positions or enable participation in the economy.”

05/13/2019

Kenyan watchdog approves Commercial Bank of Africa and NIC Group merger

In March, Commercial Bank of Africa said its shareholders had accepted a share swap with NIC Group.

05/10/2019

Nigeria central bank head nominated for second term

Central bank head first to get 2nd term in 20 years

05/10/2019

As Europe grapples with Brexit, the African Union seeks a more United States of Africa

"The goal is to realize the union of an integrated, prosperous and peaceful Africa driven by its own citizens," he told CNN.

05/10/2019

GMI Group Acquires Mauritius Regulatory License

The brokerage company is adding a new license to its portfolio

05/09/2019

Clear guarantor laws will deal with lending grey areas

The amendment seemingly looks to clear the grey areas, particularly on the question as to whose property should be first realised whenever a principal borrower defaults.

05/08/2019

New Banking Model At Play In Nigeria

Telecoms and traditional banks are being lured by a new system meant to give all Nigerians access to financial services.

05/08/2019

Isuzu inks vehicle financing deal with Gulf African Bank

“The financing is open to everybody, it is not limited to the Muslim faith but we are looking at the entire country to help people acquire the vehicles for their businesses,” Mr Abdulkhalik said.

05/08/2019

How the International Monetary Fund is waking up to the financial risks of the climate crisis

The paper stresses that mitigation instruments other than carbon taxes can have an important role if, for example, higher fuel prices are politically difficult or have limited impacts in countries that do not consume coal.

05/08/2019

Kenya-Mauritius double taxation avoidance deal, a deep hole in revenue basket

Tax Justice Network found that the DTAA would undermine tax revenue mobilisation while delivering little benefit on the competitiveness front.

05/08/2019

Equity Investment Bank partners with international research firm Tellimer

Equity Group’s CEO and Managing Director Dr. James Mwangi noted that the research portal will go a long way in achieving EIB’s vision to become a leading brokerage and investment banking firm in Kenya

05/08/2019

How South Africa’s Economy Has Gained and Lost Over 25 Years

Unemployment rate hasn’t dropped below 20% since at least 2000

05/07/2019

EBRD considers move to extend lending to sub-Saharan Africa

Support builds in EU capitals for more investment to stem migration to Europe

05/07/2019

These Are Possible Candidates to Head Nigeria's Central Bank

Emefiele’s term runs out in June and he could be reappointed

05/07/2019

Ghana’s pensions regulator is working to ensure about 11m informal sector workers have pension schemes

The National Pensions Regulatory Authority (NPRA) has said that it is putting measures in place to ensure that Ghanaians working in the informal sector are able to access a pension scheme.

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