07/27/2016
The International Consortium of Investigative Journalists, which published the leak along with dozens of international media, found that 44 of 54 African countries have a total of at least 37 mining, oil and mineral companies connected to offshore account
07/27/2016
Policymakers left the benchmark lending rate unchanged at 10.50 percent on Monday saying the pressure on inflation was temporary.
07/27/2016
The statement said: "In light of this, we believe it is necessary to categorically state that UBA has no involvement in or connection to these accusations, which are clearly false.
07/26/2016
The Jeddah, Saudi Arabia-based Islamic Development Bank is funding experts from Bank of Khartoum to develop a framework for the implementation of Islamic micro-finance in Uganda, according to the agency.
07/26/2016
But will also provide assurance to the other banks to continue to deal with and trade with the bank’s instruments in the interbank market.
07/26/2016
The country has one of sub-Saharan Africa’s fastest gross domestic product growth rates and expects to maintain growth of 7% or more over the next three years.
07/26/2016
The Third Draft Regulations are, together with pending legislation, aimed at progressing the financial sector reform strategy for South Africa.
07/25/2016
Speaking during the listing ceremony held in Dar es Salaam last week, Permanent Secretary Ministry of Industry, Trade and Investment, Dr.Adelhelm Meru hailed the listing and urged other investors in the private sector to follow suit.
07/22/2016
The regulator said it was drawing lessons from recent bank failures.
07/22/2016
The deposit insurance fund, managed by the now independent KDIC, stood at Sh6.2 billion against a Sh2.56 trillion deposit in March.
07/22/2016
The move comes as the banking regulator moves to strengthen corporate governance within banking institutions as cases of poor financial practices emerge.
07/21/2016
The final draft of the FSR included 14 proposals as part of the first phase of RDR
07/21/2016
This is part of CBK’s efforts to strengthen bank supervision.
07/21/2016
The first phase of Sabric’s Schemes and Scams Campaign focusses on the fraudulent change of bank account details scam, and deposit and refund scams.
07/21/2016
The amnesty comes ahead of the implementation in September 2017 of a new global agreement
07/21/2016
This initiative will make it much more difficult for taxpayers to hide assets in offshore jurisdictions.
07/21/2016
The directive is expected to lift the corporate veil on banks that have over the years kept their ownership closely guarded.
07/21/2016
The Moroccan monarchy mixed institutional reforms, heavy spending and tough security to stifle the wave in 2011
07/20/2016
The move which is seen as contradiction to some financial regulations is partially blamed for the high level of debt being recorded in the energy sector where the Volta River Authority is indebted to 13 local banks to the tune of GHS4.4 billion.
07/19/2016
RBI could have taken measures to legitimise and rationalise the operations of existing players