02/04/2019
Algeria issues new series of banknotes and coins
He added that this initiative aims to “refresh the currency in circulation” rather than “to change the national currency
Regulation,Tax & Compliance
02/04/2019
Ghana SEC Mulls Over Possibility Of Regulating Cryptocurrencies
People to desist from dealing with these crypto entities but when you choose to go there you are on your own
02/01/2019
Six fund managers exit investment market
Meanwhile, the SEC has assured all investors, market operators and the general public that is committed to ensuring rigorous enforcement of all rules for operators in the capital market in order to promote the growth and development of an efficient securi
02/01/2019
CBA and NIC finalises merge
The two commercial banks, which will operate as one entity, held discussion in December last year and will work towards together to expand into new segments and gain wider market share in the Kampala region.
02/01/2019
Kenya's CBA Gets 53% of NIC in Biggest Bank Deal in Decade
The merged bank will have a combined asset base of 415 billion shillings ($4.11 billion) in Kenya alone and 9 percent of all loans in the nation.
01/31/2019
World bank, Germany to work jointly on African development
BMZ will provide significant additional financial support through the partnership
01/30/2019
Kenya has room to refinance government debt, says CBK governor
In October, the International Monetary Fund increased Kenya’s risk of defaulting on its debt repayments to moderate from low, citing the government’s public investment drive and revenue shortfalls in recent ye
01/30/2019
NCFA: Ground-Breaking Guide Launched in South Africa to Empower Banks to Assess Natural Capital Risk
The guide is part of the Advancing Environmental Risk Management (AERM) project
01/30/2019
How foreign employment income tax will impact South African expats
Do not believe the fear mongers suggesting you must emigrate formally to correct non-compliance.
01/30/2019
Nigeria: CBN Releases e-Payment Guidelines for Salaries, Pension, Remittances
This is expected to reduce the time and costs of transactions, minimise leakages in revenue receipts and at the same time, provide reliable audit trails, thereby making the Nigerian payments system align with international best practices.
01/30/2019
MPs in secret push for Sh7m pension payout
The salaries commission has advised against the proposed send-off package
01/30/2019
Pension Assets Hits N8.5tn
The commission, in the statement, also noted that public confidence and acceptability of the contributory pension scheme has risen as number of contributors grew to 8.41 million as at December 2018, while a total of 260,808 retirees are receiving monthly
01/30/2019
AMG, SA firm in coin deal
The South African Mint is one of the preferred manufacturers of coins and coin blanks in the world and has been the leading African mint, with over 120 years’ experience in supplying coins to Africa and the world.
01/29/2019
A tax revolt is already happening in South Africa
“In the 21st Century, there have been over 80 case studies of impactful tax revolts.
01/29/2019
KCB looks to merger and acquisition deals for growth
Lawmakers blocked an attempt by Finance Minister Henry Rotich to repeal the cap last year, arguing that banks could not be trusted not to charge customers high rates.
01/28/2019
Revealed - Lucrative Businesses Where City Crooks Launder Their Money
The Financial Reporting Centre and Kenya Bankers Association have called for a review of the law to require non-financial firms to start reporting suspicious dealings and transactions from Sh1 million.
01/28/2019
Kenya seeks adviser for third sovereign bond
The country’s total public debt stands at over Ksh5 trillion ($50 billion) which is equivalent to more than half of GDP, raising concerns about its sustainability.
01/28/2019
CBN’s new policy to capture the ‘unbanked’
CBN Deputy Governor on Financial System Stability, Mrs. Aisha Ahmad, who unveiled the new policy at the National Financial Literacy Stakeholders’ conference in Abuja, also revealed that the apex regulator has released a new policy framework on Consu
01/27/2019
Angola’s parliament approves elimination of double taxation with Portugal, China and UAE
Portugal’s parliament last week voted in favour of the motion to approve the Convention on the Elimination of Double Taxation in Income Tax and Preventing Tax Fraud and Evasion between the Republics of Angola and Portugal, for an initial period of e
01/25/2019
Earning foreign income? You need to prepare or get hit hard
This is particularly true of South Africans living in low tax jurisdictions like Dubai - where no income tax is levied - who may have built up substantial offshore assets with tax-free income.