11/14/2018
UAE and Singapore exempt from IOM disclosure rules
Conduct of Business Code exclusions also applied to Argentina, South Africa and Qatar
Regulation,Tax & Compliance
11/13/2018
Low Treasury fund raising tipped to force tax-free bond
These bonds have all been tenured between 10 and 20 years, thus starving the market of the shorter-term paper that it is craving, and in turn pushing investors to the secondary market.
11/13/2018
Ecobank partners with the International Federation of Red Cross and IFRC
A first project is already being rolled out in Ghana where Ecobank is launching a digital public fundraising campaign.
11/13/2018
Management contributed to collapse of Nigeria's Skye Bank -deposit insurer
In October, the government said it will prosecute those responsible for the collapse of Skye Bank in an attempt to set an example that the state will no longer bail out lenders while the culprits go unpunished.
11/13/2018
Eurobond yields rise after IMF debt default warning
The secondary market yields on the five-year $750 million bond, which matures in June stood at 5.03 percent compared with 4.9 percent in October.
11/12/2018
South African Central Bank Fines HSBC for Lax Money Laundering Controls
The FIC Act mandates the PA, in terms of section 45, to supervise and enforce compliance with the provisions of the FIC Act insofar as accountable institutions regulated or supervised by it are concerned.
11/12/2018
SACP denies receiving millions from VBS Bank
The paper cites an anonymous source who was a senior executive at the bank saying that majority shareholder Vele Investments paid the money through a subsidiary company in order to hide the link between the bank and the SACP.
11/12/2018
Arab Bank buys into African development bank
“We are excited to become part of the TDB success story,” says Ould Tah. “We will co-finance more and more transactions in the months and years to come,” he adds.
11/09/2018
Uganda misses social media tax revenue target
Uganda intends to collect about Ush100 billion ($26.6 million) before the end of the 2018/19 financial year.
11/09/2018
Ramaphosa pushes African free trade agreement, private investment
To extract the real value of a continental free trade area, we need to have the means to produce the goods that we want to trade.
11/09/2018
South Africa central bank concerned about MTN debts
MTN is based South Africa with a big footprint on the continent.
11/09/2018
Orient Bank selected Acumen-net for their Treasury Management operations
The solution also supports risk management functions for counterparty risk, market risk and offers a comprehensive approach to handling risk related issues so as to safeguard the bank’s operations.
11/08/2018
MTN Nigeria $10 Billion Feud Puts South Africa at Risk
Claims against wireless firm could have knock on effect: SARB
11/08/2018
Ghana’s banking sector is sound & robust- Alhassan Andani
The uneasiness of the banking and Ghanaian public about the banking industry is justifiable due to the occurrences over the last two years.
11/08/2018
South African Bank of Athens changes hands
The deal saw the purchase of 99.81% of SABA’s shares by AFGRI Holdings Proprietary Limited and one of its subsidiaries, GroCapital Holdings, from National Bank of Greece and NBG Malta Holdings.
11/08/2018
New agency to administer Ethiopia’s mega firms
The companies to be administered by the agency include Ethio Telecom, the Ethiopian Airlines Group, Ethiopian Shipping Lines and Logistics Enterprise and Ethiopian Insurance Corporation.
11/06/2018
Abraaj fund investors hire Duff & Phelps to help recover money: sources
The fund is one of several where court-appointed liquidators Deloitte and PwC have yet to pick preferred bidders for management rights.
11/06/2018
UPDATE 2-Sluggish credit flow imperils Kenya's economic growth -Equity Group
The central bank governor said in September the cap is strangling the economy and banks say they cannot properly price risk to small and medium enterprises while the cap is in place.https://uk.reuters.com/article/equity-bank-results/update-1-kenyas-equity
11/06/2018
20 banks meet new minimum capital requirement - Elsie Awadzi
Second Deputy Governor of the Bank of Ghana (BoG), Elsie Awadzi, has revealed that 20 banks have so far met the Central Bank’s minimum capital.
11/06/2018
FirstBank Affirms Commitment to Ethics, Corporate Governance
Omamegbe said FirstBank is a responsible organisation that believes in robust corporate governance and sound ethics and that it was desirous of passing this on to the youth and Nigerians generally.