07/12/2019
How BTI Bank is leading the way in Morocco’s participatory banking sector
Offering Sharia-compliant products and services, participatory banking is reshaping Morocco’s financial landscape
Regulation,Tax & Compliance
07/11/2019
Africa's largest fund manager given more board independence
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
Merger & Acquisition in Africa and South Africa
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
NBK staff face jobs loss after merger with KCB
“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
PIC’s Matjila Discussed Eskom Debt-for-Equity Swap: PIC Update
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
Deloitte, we have a problem
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 Selling Bank Stocks Ahead Of LDR Implementation
Investors are aware that the new policy may force banks to start issuing high-risk loans
07/11/2019
NBK to pay sacked staff Sh11.2m in compensation
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
Angola to Sign Lusophone Country-Specific Compact
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
African Development Bank, Portugal and Cabo Verde sign compact to accelerate diversification, private sector development
It provides risk mitigation, investment products and technical assistance to accelerate private sector development in Lusophone African countries
07/10/2019
Nigeria attracted $7bn deals from African Investment Forum — AfDB
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.
07/10/2019
Windows for porting of PFAs underway as PenCom deploys ECRS
Making the ECRS public in a statement, the commission said following this feat, the Commission said it had “transited from the use at the existing Contributor Registration System, CRS, to the ECRS.
07/09/2019
SA's super rich taking their wealth overseas ASAP - immigration expert
"The reasons vary tremendously, from concerns about our country's policies, to wanting to school children abroad, to wanting to diversify their investments offshore or simply wanting to travel more easily without challenging travel visa requirem
07/09/2019
Shareholders get tough on executive pay
Old Mutual said with regard to the non-binding advisory resolutions, ordinary resolutions 6.1 and 6.2 - the remuneration policy and the implementation report, which received less than the required 75 percent of votes - it would directly engage with shareh
07/09/2019
Growth-Hungry Nigeria Tells Banks to Use or Lose Their Money
Nigeria’s banks are some of the most reluctant lenders in major emerging markets, with an average loan-to-deposit ratio below 60%.
07/09/2019
African Development Bank, Portugal and Cabo Verde sign compact to accelerate diversification, private sector development
Correia described the occasion as “an important day for Cabo Verde,” noting that it demonstrated the country’s commitment to press forward with private sector growth, which is key for our country.
07/09/2019
Agbaje charges African General Counsel on versatility
He said counsel must not only be familiar with law related issues but must be familiar with other sectors like the essential technology such as Artificial Intelligence, robotics and block chain.
07/09/2019
South African central bank stresses importance of independence
“In the South African context we do feel an independent bank is an important check in the equation. ... Our system has given government the fiscal policy levers,” SARB Deputy Governor Kuben Naidoo said in a public lecture.
07/08/2019
Trade cautiously with single market and Africa’s economy could rise to top
The single African market is a great thing, but do you think its implementation will be smooth, given that regional economic blocs have been bogged down by trade disputes and poor implementation of Common Market protocols?
07/07/2019
Zimbabwe Central Bank unleashes currency monitors on retailers
In an interview on Friday, Reserve Bank of Zimbabwe Governor, Dr John Mangudya said there was a need for businesses to comply with the Statutory Instrument 142/2019