10/14/2015
Kenya Places Imperial Bank Under Statutory Management
Imperial is the second lender to be taken over by Kenyan regulators since Patrick Njoroge became governor of the central bank on June 19
10/14/2015
Imperial is the second lender to be taken over by Kenyan regulators since Patrick Njoroge became governor of the central bank on June 19
10/14/2015
The bank’s offering of a GSM-102 program will guarantee credit to encourage financing of commercial exports of US agricultural products, while providing competitive credit terms to buyers.
10/11/2015
The World Bank and International Monetary Fund committed Friday to assist countries like Kenya build capabilities in developing domestic policies and practices that reduce such flows.
10/08/2015
Cuts capital reserve requirement; currency still under pressure.
10/06/2015
The grants are aimed at boosting economic development and social advancement in member countries as well as Muslim communities in non-member countries.
10/06/2015
This agreement is of strategic importance as significant economic exchanges are planned with the United Arab Emirates for major development projects, in particular the Maritime Hub of Port Louis.
10/05/2015
Similar to other BAFT regional councils, the group will aggregate common issues and collaborate on thought leadership, solutions to shared challenges, and policy advocacy on behalf of the industry.
10/05/2015
The Securities and Exchange Commission (SEC) would soon launch comprehensive investigative audits of capital market firms as part of post-recapitalisation process with a view to ascertaining the veracity of assets of the firms.
10/03/2015
The programme is focusing on institutional strengthening of the EAC Secretariat and on supporting the implementation of the Customs Union, Common Market Protocols and Monetary Union.
09/29/2015
The Swiss State Secretariat for Economic Affairs (SECO) and the IFC, are cooperating in the implementation of the East African Chapter of the African Corporate Governance Programme.
09/28/2015
The new rules will make it clear which advisers are independent or ‘tied’ to product providers.
09/25/2015
South Africa’s tough new competition legislation is proving hard to implement. Here’s why. By Mike Holland and Jannie Rossouw.
09/25/2015
The central bank has restricted access to foreign currency to import 41 categories of items to stop a slide of the naira but the Manufacturers Association of Nigeria (MAN) said this in fact amounted to about 680 individual items.
09/23/2015
The Mauritian delegation also had meeting with potential investors
09/23/2015
The Nigerian central bank is set to propose new rules
09/22/2015
But critics say the measures are inflicting pain at the worst time for Nigeria.
09/21/2015
Apart from the spirited efforts of government agencies to meet the deadline, last week was also characterised by fears of a possible liquidity squeeze in banks
09/18/2015
The kwanza was officially trading at 135.96 to the dollar
09/15/2015
The ICPC on Tuesday, disclosed this in Lagos in its recent in-house news bulletin, where it said that the suspect defrauded the Federal Government of the said amount.
09/14/2015
The central bank has also introduced stricter capital requirements, which would come into effect next year, aimed at helping lenders shore up their balance sheets in the wake of lower oil prices.