04/06/2018
Over 250 land titles, bank accounts seized as prosecutors go after corrupt officials
At the international level, he said, assets acquired fraudulently are traced through mutual legal assistance requests, and joint investigations.
Regulation,Tax & Compliance
04/05/2018
Canada and South Africa Continue to Meet Requirements for Endoresement
As a result, there will be no disruption to EU registered credit rating agencies’ ability to endorse credit ratings from these jurisdictions following the entry into force of the new requirements.
04/05/2018
South Africa's central bank mulls cryptocurrency regulations
The self-regulatory organisation (SRO) would be a non-governmental body with the power to publish its own rules, directives and industry standards
03/28/2018
A brief history of business laws in Mauritius since 1968
The Constitution therefore provided the framework for Parliament to enact laws to promote and protect business and the fruits of business.
03/28/2018
UBA expands presence in London, gets licence for banking activities in UK
Following this authorization, UBA is now the only Sub-Saharan African bank to conduct banking activities in New York and London
03/27/2018
The Central Bank of Uganda Comes Clean About Looming Debt Distress
The IMF relied on three key arguments to explain why Uganda’s steeply rising indebtedness was not a cause for concern to them. They then summarised the situation as follows:
03/27/2018
Trustfund cautions employers against non-remittance of pension funds
We appeal to employers to comply with the law lest they face the wrath of the law. It is not in anybody interest that employers are sanctioned.
03/23/2018
Ballooning Uganda debt poses default risk, central bank says
Over the last decade the government of long-ruling President Yoweri Museveni has ramped up borrowing, mostly from China, to fund infrastructure projects including roads, power plants, fibre cable networks and an airport expansion.
03/23/2018
Recent Updates in Mauritius
The MRA has introduced the Tax Arrears Settlement Scheme.
03/21/2018
Commercial Bank of Africa starts operation in Rwanda
“Rwanda stands out amongst its peers in East Africa because the economy has grown impressively and sustainably from 2000 to 2017, with a GDP growth rate averaging 7.2% annually,” said CBA Group Chairman, Desterio Oyatsi.
03/21/2018
Mauritius: Promoting Mauritius International Financial Centre in the Gulf
The mission, from 18 to 23 March, is organised at the initiative of the Ministry of Financial Services and Good Governance in collaboration with the Economic Development Board.
03/21/2018
Mozambique Proposes Haircuts That Bondholders Swiftly Reject
The government, represented by Finance Minister Adriano Maleiane, also wants to write off half its past-due interest payments
03/21/2018
ECB and the South African Reserve Bank sign a Memorandum of Understanding on cooperation
The Memorandum of Understanding provides a framework for a regular exchange of information, policy dialogue and technical cooperation between the two institutions.
03/21/2018
Capitec CEO Slams Short Seller Viceroy At Parly Hearing
Fourie told the committee that it only granted credit through a model based on client behaviour, affordability and revenue source.
03/21/2018
Ghana Is Said to Name Citi, Three Others to Market Eurobond
Ghana will follow other sub-Saharan African issuers such as Ivory Coast and Kenya
03/21/2018
Bogotá Chamber of Commerce looks to Africa, Asia and Middle East for stronger commercial ties
The agreement was signed by Hamad Buamim, President of the Dubai Chamber, and Mónica De Greiff, Executive President of the Bogotá Chamber of Commerce.
03/20/2018
New S.African President Cyril Ramaphosa Suspends Tax Chief
Prosecutors announced on Friday that Zuma would face corruption charges on allegations of accepting bribes over an arms deal before he became president.
03/19/2018
How SA, other Africa central banks could move on rates
Slower inflation and more stable exchange rates have built a case for looser monetary policy in Kenya, Ghana, South Africa and Nigeria.
03/19/2018
G20 urged to adopt common regulations for cryptocurrencies
It is understood discussions on cryptocurrencies will take place across both days between finance officials from G20 members.
03/18/2018
Tax Challenges Arising from Digitalisation: More than 110 countries agree to work towards a consensus-based solution
The members of the OECD/G20 Inclusive Framework on BEPS will work towards a consensus-based solution by 2020, as set out in their Interim Report on the Tax Challenges Arising from Digitalisation released today.