11/10/2016
CBN Goes Tough On Illegal IMTOs, Banks Over Remittance
It noted that its attention had been drawn to the increasing patronage of illegal IMTOs by Nigerians in the Diaspora for the purpose of home remittances.
Regulation,Tax & Compliance
11/09/2016
Developments relating to collateral in South Africa’s securities lending and derivatives markets
The Draft Margin Notice is expected to come into effect and phase in the margin requirements during the second half of 2017.
11/09/2016
Tanzania, Switzerland Sign MOU To Recover Millions Lost in Offshore Accounts
Between 1982 and 2006, there were 91 client accounts opened by Tanzanian nationals, with one client depositing $20.8 million.
11/09/2016
AfDB signs $6.6m deal with France
The statement explained that the funding will help set up the delivery unit of the initiative to be hosted at the AfDB.
11/08/2016
Exclusive: South African pension fund seeks central bank approval to increase Barclays Africa stake: sources
Under South African regulations PIC requires the central bank's approval to raise its stake in Barclays Africa.
11/08/2016
Court stops CBK from liquidating Imperial Bank
The court has directed CBK and Kenya Deposit Insurance Corporation to engage stakeholders and shareholders of the bank to jointly find a workable framework to revive the bank
11/08/2016
KCB eyes Southern African market via Botswana firm
KCB Capital yesterday inked a deal with Motswedi that will see both firms trade and raise funds in Nairobi and the Botswana Stocks Exchanges.
11/07/2016
Zombie banks stalk Africa with mergers one way to limit risk
Uncontrolled bank failures pose significant contagion risks to other banks, state-owned enterprises and private businesses
11/04/2016
Zombie Banks Stalk Africa With Mergers One Way to Limit Risk
Uncontrolled bank failures pose significant contagion risks to other banks, state-owned enterprises and private businesses.
11/04/2016
eCurrency Mint Limited and Banque Régionale De Marchés Launch New Digital Currency in Senegal
The electronic money provided by BRM can only be issued by an authorized financial institution.
11/04/2016
Standard Bank’s Zimbabwe unit backs down on new terms
On November 1 Stanbic issued a statement advising its customers of new terms and conditions.
11/04/2016
Why Zimbabweans are spending the night outside banks
The Reserve Bank of Zimbabwe is preparing to introduce the so called bond notes, a local currency pegged to the US dollar to ease cash shortages
11/03/2016
Banks reducing interests on deposits – BoG report
This means that if customers of a bank deposit money at UT Bank, they were likely to receive 15.8 percent as interest annually on the deposit
11/02/2016
PTAD to restore confidence in pension administration
PTAD had been strategising on ways to tackle the menace of corruption in the management of pension under the DBS
11/02/2016
EU calls for investment in Tunisia
Its present and its future and especially in its young people.
10/31/2016
Banking Consultant calls for review of interest on foreign currency accounts
Once dollar accounts in the country do not earn interest, investors will always move their deposits into instruments that guarantee some interest.
10/31/2016
Kenya, South Africa agree to monitor mergers and acquisitions
The two antitrust regulators will work together in the field of competition law enforcement and policy development.
10/31/2016
No reforms, no money: IMF
Zimbabwe’s enormous external debt overhang is impeding its access to the external financing necessary to stabilise the macroeconomic environment
10/30/2016
NBE Gives New Forex Directives to Ethiopian Banks
The directive also bans the approval of a Letter of Credit (L/C) without collecting a minimum of 30 percent of the value of the L/C in cash up front.
10/28/2016
World Bank to fund African centres of excellence
A single country cannot afford to have a various centres of excellence.