09/28/2016
Banks Decide New Minimum Capital
The Bank of Ghana, in March 2003, raised the capital levels of banks to GH¢7.0 million.
Regulation,Tax & Compliance
09/27/2016
CBK says foreign banks targeting local market despite new rate cap
A return on equity of 30 per cent indicates that an investor is likely to recoup their equity input in just over three years.
09/23/2016
Commercial Bank of Africa insists M-Shwari is not subject to new laws
The Commercial Bank of Africa maintained its M-Shwari product is not developed on an interest model and is therefore exempted from the new banking law that caps interest rates. According to CBA CEO Isaac Awuondo, though its product fully complied by the
09/20/2016
Bank Of Ghana Maintains Policy Rate At 26 Percent
The upside risks to the inflation outlook are the unanticipated shocks, especially with regard to the intermittent upward adjustments in petroleum and utility prices.
09/20/2016
Nigeria: How We Got Into Trouble - Central Bank
Political tension between Iran and Saudi Arabia trying to play their game as usual; and of course the US Fed's actions since 2009.
09/19/2016
First Bank denies violating FG directive on TSA
But FBN denied any wrongdoing, stating that the account was operated in line with regulatory requirements.
09/19/2016
African central banks under attack
Political and economic pressure is mounting in South Africa the economy is set to expand at the slowest pace
09/16/2016
Politicians in Africa’s Key Economies Aim at Central Banks
Political and economic pressure is mounting in South Africa, where the ANC will elect new leaders in December 2017
09/15/2016
Treasury to meet with US investors next month
The goal of the investor conference is to engage US-based investors making it clear that South Africa is open for business
09/14/2016
Monetary Policy and the Future of Central Banking: Implications for Africa
In addressing these challenges monetary policy has a central role to play.
09/09/2016
Orange gets African licences for e-money
Each licensed electronic money service is an autonomous subsidiary controlled by the local telecoms operator, said Orange.
09/07/2016
CBK denies investment group licence to run microfinance bank
CBK in mid-2014 issued a temporary approval to FEP to set up Fountain Microfinance Bank, pending vetting to establish capital adequacy, ownership, and suitability of directors to run a banking business.
09/06/2016
Zuma weighs objection to law on bank transactions
Barclays Africa, FirstRand, Standard Bank and Nedbank all said they would shut accounts related to the companies of the Gupta family
09/06/2016
CBN moves to sanction banks over power intervention fund
The sanctions were contained in a five-page circular posted on the CBN website on Monday.
09/05/2016
Boardroom ban for Irish chief linked to $16bn Ponzi scheme
Financial storm centres on Belvedere Management Ltd, which controlled billions of assets
09/05/2016
Kenya: The Time Is Right for Banks to Embrace Corporate Governance
Financially secure and well-managed banking has a direct financial impact on banking citizens, not to mention an increase in foreign investment.
09/02/2016
Get your trusts in order now
Fiduciary expert warns of renewed focus to stop tax leakage.
09/02/2016
Kenyan lawmakers reject proposal to raise bank capital requirements -paper
Privately owned Daily Nation said that lawmakers voted by acclamation to approve changes to the Finance Bill 2016 made by the Finance, Planning and Trade Committee.
09/02/2016
CBK threatens bank CEOs with jail if they don’t cut lending rates in 14 days
Njoroge warns in the circular dated August 31, 2016 that lenders that charge borrowers more than the stipulated interest rates will be fined Sh1 million or their bank chief executives imprisoned for one year.
08/31/2016
Apex bank issues licence to new International Money Transfer operators
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.