12/21/2016
Zim unions want pensioners to have priority to access cash at banks
Many Zimbabweans sleep outside banks in order to have a chance of withdrawing money from their accounts.
Regulation,Tax & Compliance
12/19/2016
Competition Authority of Kenya approves Kuramo's acquisition in TransCentury stock
TransCentury was pushed to renegotiate the terms of the Sh8 billion loan, agreeing with the lenders to repay half of it and over a longer period.
12/14/2016
Kenya Central Bank Staff Cited in Alleged $439 Million Fraud
The allegations were contained in defense and counterclaim documents filed in the High Court by bank shareholders in the capital, Nairobi.
12/14/2016
Nigerians Panic Over MMM Accounts Freeze
In the early hours of Tuesday, participants woke up to the shock of a one month “freezing" on all accounts to avoid an eventual collapse.
12/14/2016
Minister pressured Nedbank on Guptas
Nedbank said South African mines minister Mosebenzi Zwane urged the lender to reconsider its decision to sever ties with companies tied to the Gupta family, who are friends of President Jacob Zuma and in business with his son. By Colin McClelland.
12/13/2016
Launch of New Boutique Law Firm Cabinet Baubigeat - Assisting Businesses in their African Expansion
The new firm has been formed by Julien Baubigeat following demand for more effective and efficient support for cross-border transactions, particularly between Europe and Africa.
12/12/2016
Econet launches EcoCash rand wallet
EcoCash General Manager Natalie Jabangwe said the company had mobilised an unspecified amount of South African rand to kick-start the programme, where agents would have the South African currency to give to clients.
12/08/2016
ECOWAS central bank govs meet over single currency
The issues to be addressed include validation of the ECOWAS
12/07/2016
Tony Elumelu signs Investment agreement with leading Moroccan Bank
They will bring relevant experience as they work together to find new ways to create African solutions to African development challenges.
12/06/2016
New rules for microfinance companies good- Banking Consultant
The BoG directed that the assets of such companies be frozen for a liquidation process to start.
12/05/2016
Banque Centrale Populaire of Morocco signs MoU with Nigeria’s Heirs Holdings
Heirs Holdings is an African proprietary investment company with interests in financial services, power, oil & gas, real estate & hospitality and healthcare.
12/05/2016
Banks decry ‘excessive punitive charge’ by CBN
A total of eight banks in 2015 paid a total fine of N3.323 billion for violating various rules
12/02/2016
Ghana’s Banking Sector Suffocates From Economic Indices
The 25.5 percent policy rate is still high. This is still a reflection of the tight monetary policy which the Bank of Ghana is pursuing.
12/01/2016
South Africa: Public pension fund promises disruption
The financial services industry will have to adapt.
12/01/2016
SA’s FICA bill sent back to MPs
Its reasons were not made clear at the time although South African media speculated that its stance might be related to a fight between the Treasury
12/01/2016
Absa launches home loan estimator
Absa addresses the challenge of affordability with the launch of its Home Loan Estimator.
11/25/2016
Dubai-based firm forms $1.6 billion steel plant joint venture in Algeria
Funding for the project will come from equity investments and long-term bank loans, Sethi told Reuters.
11/24/2016
East Africa: AfDB Gives U.S.$75 Million Financing to Enterprises in East Africa
East Africa is one of the most economically vibrant regions on the continent
11/21/2016
Brazil is breaking with its south-south focus. What it means for BRICS
Brazil seems to be moving away from those ideals, raising questions about its continued membership of the BRICS.
11/21/2016
How Standard Chartered Bank ignored Nigeria’s rules on Forex
The bank is to make the refund, being excess profit made from the sale of $48.6 million to a foreign customer above the inter-bank market exchange rate agreed by all operators and approved by the CBN.