08/31/2016
Okoroafor said that the licensing was in furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make foreign exchange more readily available to low-end users.
08/30/2016
In May, the South African Social Security Agency, which oversees the payment of welfare grants to more than 16 million people
08/29/2016
Under the East African Community Monetary Union Protocol, the member states committed themselves to pursue a free market economy with a floating exchange rate.
08/29/2016
The regulator may want to make the fines painful to them, as a deterrent to others.
08/29/2016
Banks have over the years disregarded legal measures instituted to cap interest rates, posing a real danger to the newly-passed Banking (Amendment) Bill, 2015.
08/29/2016
BOG stands committed to ensuring that a stable environment for banking with a level playing field is provided at all times.
08/26/2016
The minister of finance is today almost facing what could be arrest.
08/26/2016
This was to instill more accountability in monitoring government revenue and to eliminate opacity in government.
08/25/2016
The Kenya Bankers Association criticised the “arbitrary” move and analysts described it as “populist” and “retrograde”.
08/25/2016
Cooperative Bank Ltd. plummeted the most on record, while Equity Group Holdings Ltd., the market leader in terms of value, fell to the lowest in 16 months.
08/25/2016
Decision will protect depositors and improve performance
08/24/2016
Olojo said the bank was working with the central bank to resolve the issue.
08/22/2016
This was in response to complaints – recently endorsed by David Lipton, deputy managing director of the International Monetary Fund – that the country’s big four banks were too dominant and fees were inflated because of the lack of compe
08/19/2016
Suggested amendments seem to have missed Davis Tax Committee’s goals.
08/18/2016
After replacing Skye's executives last month, depositors rushed to withdraw their funds.
08/17/2016
In a note to investors shortly after President Edgar Lungu’s re-election, the bank said with the PF win, most of the groundwork has already been laid.
08/17/2016
“This conduct is specifically prohibited in terms of Section 23 of the Competition Act,” he stated.
08/15/2016
The country’s $20bn in annual remittances set to take a hit after central bank revoke the licenses of all but three money transfer companies
08/15/2016
The Meru County boss said it was important to safeguard workers' future especially in retirement.
08/12/2016
Islamic banking has key differences from conventional banks