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.
Regulation,Tax & Compliance
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.
11/05/2018
German Devt Bank Invests €31m Capital in InfraCredit
The investment is accompanied by a technical assistance grant to support InfraCredit’s market development and capacity building programme.
11/05/2018
EOCO grills failed banks’ directors
The defunct banks are uniBank, Capital Bank, UT Bank, Construction Bank, Royal Bank, Sovereign Bank and Beige Bank.
11/05/2018
SGG Group completes acquisition of Lawson Conner
The acquisition strengthens SGG’s service offering to fund managers through the provision of a complete suite of compliance and regulatory services.
11/04/2018
HSBC and UBS shut offices in Nigeria
HSBC had recently become mired in the country’s political debate.
11/02/2018
Deutsche Bank and Standard Bank sign deal to finance US agri exports to Africa
The agreement ensures that Standard Bank is now one of the preferred issuing banks to the Commodity Credit Corporation, Deutsche Bank writes in a statement.
11/02/2018
FNB working with regulators to crack down on instant EFT services
South African banks have stated that they disapprove of these services, as they violate their terms and conditions and can compromise the security of user credentials.
11/02/2018
Chad Gets World Bank’s $125m Lifeline
The World Bank’s assistance to help fund development projects will be was provided as donations in the framework of two agreements signed by Chad.