03/21/2017
World Bank Group Announces Record $57 Billion for Sub-Saharan Africa
IFC also will deepen its engagement in fragile and conflict-affected states and increase climate-related investments.
Regulation,Tax & Compliance
03/21/2017
Capital Markets Authority mulls new rules to curb overpricing of IPOs
When share prices drift below IPO price, they lead to negative returns to investors.
03/20/2017
Nigerian central bank head urges cooperation on monetary, fiscal policy
The central bank has faced criticism from investors for keeping Nigeria's currency
03/20/2017
Mauritius: Ivory Coast Solicits Mauritian Investors to Develop a Biotechnology and ICT Free Zone Project
Mauritius and the Ivory Coast signed in April 2016, an Investment Protection and Promotion agreemen
03/17/2017
South Africa's anti-trust tribunal plans July hearing on banks in FX collusion case
The banks have until May 3 to file applications to raise objections on grounds that the complaint is vague or does not disclose a cause of action.
03/17/2017
Cim Financial Services Limited enters into agreement for the sale of its Global Business activities to the SGG Group, a European leader in investor services
Cim Global Business management team share our growth ambitions and are equally passionate about supporting the needs of our clients.
03/16/2017
Peter Kenneth plans new bank in Kenya
The bank is linked with Mayfair Insurance – which has 50,000 shares, where Mr Rachier is also a director.
03/16/2017
MetCI to exit its white-labelling business
As it pursues new strategies.
03/16/2017
Sell Standard Bank, says stockbroking subsidiary
SBG Securities flags concerns over personal and business banking.
03/16/2017
Old Mutual secures microfinance licence
The microfinance unit has been established, and we have received a licence from the RBZ and in April this year
03/16/2017
Gupta-linked company Homix in game of lies to shift millions of rands offshore
The Democratic Alliance was successful in gaining clarity on the banking activities of Gupta-linked company.
03/16/2017
NPA retirees stage protest over unpaid pension arrears
NAN reports that some of the placards read: “NPA Management pay us as you have been paying yourselves”, “Your enjoyment is our labour, pay us”, “Harmonise our pension benefits, and “Hadiza, Woman of Integrity”.
03/15/2017
Treasury calls out asset managers for lack of transformation
Possible interventions to assist with the transformation of the asset management subsector included third-party branding
03/15/2017
Treasury calls out asset managers for lack of transformation
A useful approach could be to incentivise larger investment houses to charge concessionary rental fees.
03/14/2017
Fresh tax amnesty rules hand fat cats window to bring back offshore wealth
The returns for such income must be filed by December 31, 2017
03/14/2017
Banking Association says transformation should not mean loosening regulation
Banks are accountable for what they do with depositors’ money.
03/13/2017
Nigerian regulators push for deal in Etisalat debt talks
Telecoms regulator and central bank governor intervene after company missed a payment on a $1.2bn loan
03/13/2017
Ghana Signs Double Taxation Agreement With Mauritius
The agreements were signed on Saturday March 11, 2017 at Port Louis
03/10/2017
Central Bank of Kenya admits rate cap law squeezing small lenders
The introduction of interest rate caps limits the effectiveness of CBK’s monetary policy and consequently.
03/09/2017
Clear confusion on offshore wealth amnesty – tax gurus
This, they argued, may result in the Kenya Revenue Authority missing targets from the amnesty.