09/23/2016
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
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
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
But FBN denied any wrongdoing, stating that the account was operated in line with regulatory requirements.
09/19/2016
Political and economic pressure is mounting in South Africa the economy is set to expand at the slowest pace
09/16/2016
Political and economic pressure is mounting in South Africa, where the ANC will elect new leaders in December 2017
09/15/2016
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
In addressing these challenges monetary policy has a central role to play.
09/09/2016
Each licensed electronic money service is an autonomous subsidiary controlled by the local telecoms operator, said Orange.
09/07/2016
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
Barclays Africa, FirstRand, Standard Bank and Nedbank all said they would shut accounts related to the companies of the Gupta family
09/06/2016
The sanctions were contained in a five-page circular posted on the CBN website on Monday.
09/05/2016
Financial storm centres on Belvedere Management Ltd, which controlled billions of assets
09/05/2016
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
Fiduciary expert warns of renewed focus to stop tax leakage.
09/02/2016
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
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
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.
08/30/2016
In May, the South African Social Security Agency, which oversees the payment of welfare grants to more than 16 million people
08/29/2016
Under the East African Community Monetary Union Protocol, the member states committed themselves to pursue a free market economy with a floating exchange rate.