07/21/2016
Kenya: Njoroge Orders Banks to Disclose Top Shareholders On Websites
The directive is expected to lift the corporate veil on banks that have over the years kept their ownership closely guarded.
Regulation,Tax & Compliance
07/21/2016
Moroccan parliament gives final approval to pension reform bill
The Moroccan monarchy mixed institutional reforms, heavy spending and tough security to stifle the wave in 2011
07/20/2016
Bank of Ghana Allows Banks To Lend Above Permitted Ceiling
The move which is seen as contradiction to some financial regulations is partially blamed for the high level of debt being recorded in the energy sector where the Volta River Authority is indebted to 13 local banks to the tune of GHS4.4 billion.
07/19/2016
Payment banks: A mobile wallet is a depreciating currency
RBI could have taken measures to legitimise and rationalise the operations of existing players
07/18/2016
BoG tightens surveillance to ‘whip’ unlicensed investment clubs
They will be also required to provide detail information regarding their loan arrangements for scrutiny by the bank.
07/14/2016
New financial bill to consolidate rural banks, microfinance companies
Presently, minimum capital requirement is 120 million cedis and 15 million cedis for universal banks and savings and loan companies respectively.
07/14/2016
South Africa’s FSB Warns Against RBOptions
The financial watchdog in South Africa says the broker is unauthorized to offer its services to local residents.
07/12/2016
The African Development Bank And The African Securities Exchanges Association Sign Memorandum Of Understanding To Join Forces To Develop Africa’s Capital Markets
The maiden project to be undertaken under this cooperation initiative will be the African Exchanges Linkage Project.
07/12/2016
We welcome banking regulatory changes - Phil Mnisi
Where CBS said banks in Swaziland were no longer expected to charge service fees for cash deposits for any product or type of account effective from July 1, 2016.
07/11/2016
Guptas lobby Zuma to stop law on wealth of politically connected
The bill comes as the government tightens the screws on corruption and money laundering.
07/08/2016
Ghana Home Loans gets banking license
The programme will allow Ghana Home Loans access 380 million cedis from the domestic market.
07/08/2016
S. African Central Bank Champions Choice For Welfare Banking
A contract awarded by the South African Social Security Agency to Johannesburg-based Net 1 UEPS Technologies Inc. to pay grants electronically in 2012 has this year been dogged by court battles and criminal charges.
07/08/2016
Nigeria Monitoring ‘One Or Two’ Lenders After Skye Bank’s Capital Problem
The central bank on Monday said Skye Bank’s liquidity ratio has been below the regulatory limit for a while and it had resorted to its rediscount window for support, prompting its top executives to resign.
07/07/2016
Proposed amendments to the JSE Debt Listings Requirements
The proposed amendments are open for public comment until 15 July 2016.
07/06/2016
Nigeria's Central Bank takes over Skye Bank, customers panic
The announcement by the CBN created near panic as clients of the bank trooped to branches to withdraw their savings for fear of losing their monies.
07/05/2016
Moroccan central bank to issue approval for Islamic banking
Islamic banks and insurers are setting up in Morocco after it adopted legislation allowing them into the domestic market.
07/04/2016
Kenya: KPMG to Set Up a Regional Fraud Intelligence Unit
The firm, which launched the East Africa Fraud Risk Survey last year, has been rooting for a regional database and intelligence communities to fight the vice.
07/04/2016
India and Cyprus new tax treaty: Mauritius still remains jurisdiction of choice for debt structuring
The Mauritius transitional period (1st April 2017 to 31st March 2019) allows for the sharing of taxing rights between India and Mauritius
07/01/2016
Morocco to start approving Islamic banks for business to begin in 2017
The North African country had long rejected Islamic banking due to concerns about Islamist movements, but its financial market lacks liquidity and foreign investors, both of which Islamic finance could attract.
06/30/2016
South African Rand Adoption Could Work for Zimbabwe Argues deVere Group
Subsequent years have seen a move from a more diverse basket of currencies used in the country to a near total domination by the Greenback.