12/13/2018
Last year, an Australian mining company, OreCorp, announced plans to review its operations in Tanzania after the country revised its mining laws to enable the government to renegotiate all mining
12/12/2018
Besides SBM Bank, Singapore-based DBS Bank is also converting its local branches into a wholly owned subsidiary
12/12/2018
The 2010 constitution mandated the Central Bank of Kenya to spearhead the production and roll-out of the new currency.
12/12/2018
To this effect, its bid has been accepted subject to completion within 14 days of the announcement.
12/12/2018
Of note is a decision to do away with the Sh40 denomination coin that was introduced by former President Mwai Kibaki, and conspicuously bore his image.
12/12/2018
The two new authorities are the Prudential Authority which manages prudential risk
12/11/2018
Bank of Tanzania carried out a six-month investigation into the illegal business
12/10/2018
Constantly changing tax laws and a greater scrutiny of trusts by tax authorities worldwide mean that South African trust structures need to be reviewed regularly
12/10/2018
Stating that risk management is essential to the growth and credibility of the pension industry, he added that, adherence to the ethics and professionalism of the pension sector will limit exposure of operators to risk.
12/10/2018
IPEC’s remarks come as Treasury plans to establish a Policyholder Protection Fund (PPF), administered by an Independent Board of Trustees meant to create a pool of resources similar to the Deposit Protection Fund.
12/10/2018
The DPA required Standard Bank to pay fines and disgorgement totaling almost $26 million, pay an additional $6 million to compensate the government of Tanzania, and hire an external compliance consultant.
12/10/2018
President of Lagos Chapter of ARFESPON, Mr Olufemi Odewabi, while speaking on the outstanding arrears, stated that it was painful to the pensioners that government had decided to turn deaf ears to the calls for payment of members huge outstanding arrears.
12/10/2018
The calculations are based on a R500 transaction, which the banks have said is the most common range for cash-based transactions in the country.
12/10/2018
According to the amendments, dealing members are not expected to enter into any relationship with a client based on a guaranteed return to the client
12/07/2018
The formation of CBRE Excellerate is subject to customary closing conditions, including government approvals, and is expected to be completed in the first half of 2019.
12/07/2018
“[Seeks to] Allow/enable new or unregulated service providers, services, systems and instruments (e.g. virtual currencies, distributed ledger technologies and fintech companies)” one of the recommendations made reads.
12/07/2018
The move had come after a joint inspection and audit by the MFSA and Financial Intelligence Analysis Unit had found shortcomings in the bank’s anti-money laundering procedures.
12/06/2018
Analysts are concerned that the Nigerian government’s attitude towards MTN and the two banks may erode the confidence of foreign direct investors.
12/05/2018
The bank has now hiked rates by more than 4 percentage points since January.
12/05/2018
Late on Friday it said that the central bank had approved a new licence limiting its operation to Nigeria after the disposal of foreign assets, including its British units, which would reduce its capital requirement.