05/02/2017
Reserve Bank worried about more downgrades for South Africa
Fitch is the first rating agency to lower South Africa’s local currency rating to sub-investment grade.
Regulation,Tax & Compliance
05/01/2017
Dubai Islamic Bank confirms licence for Kenya unit
Dubai Islamic Bank subsidiary to offer Sharia banking services
04/28/2017
Kenya issues licence to shariah-compliant DIB Bank, first since 2015
Kenya's central bank has issued a licence to DIB Bank Kenya Ltd, which is owned by United Arab Emirates-based Dubai Islamic Bank <DISB.DU>, the first by the central bank since 2015, when it placed a moratorium on approving new banks. The move a
04/28/2017
Trade Union Asks Private Firms to Raise Standards
Government has assured us that they will not repeal NSSF and the Pension Act.
04/26/2017
Short-term insurers, credit providers and virtual currency exchanges to become accountable institutions under FICA?
FICA currently places onerous obligations on accountable institutions
04/26/2017
Transborder transfers of personal information – an international perspective on adequacy
When it comes to a law, however, what can be said to provide adequate protection?
04/26/2017
BoG to stop market volatility
The budget is very hopeful in tackling the situation.
04/25/2017
Anohu-Amazu hands over regulation of N6trn pension industry to Dahiru-Umar
The handover followed the arrival of her disengagement letter last Friday which was officially delivered to her.
04/24/2017
Africa: World Bank Cautions African Govts On Large Fiscal Deficits
The bank says although commodity prices have gained some ground, exporters (especially, oil exporters such as Angola and Equatorial Guinea) are still running sizable deficits.
04/24/2017
South African banks threatened by delay in money-laundering law, global body says
Zuma has been lobbied by the Black Business Council not to sign the bill
04/24/2017
Nigeria: Investors, Exporters get Special Forex Window
The regulator advised authorised dealers to promote market transparency
04/24/2017
Sudan's Agricultural Bank Signs Agreements With US Companies
Ahmed said that after the exchange of documents and the opening of an account at "a major US bank", the agreements will immediately be implemented.
04/23/2017
Ghana central bank will not finance budget deficit – governor
Addison said Bank of Ghana did not finance the deficit last year, although the current law allows limited funding.
04/22/2017
CBN to sanction banks hindering SMEs’ access to forex
The CBN, therefore, appealed to bank customers and the SMEs to provide concrete evidence against these banks so it could hold them responsible by way of sanctions, Mr. Okorafor said.
04/21/2017
World Bank Group launches initiative to support digital entrepreneurs in Africa
Digital start-ups are important drivers of innovation in Africa
04/18/2017
Botswana’s Letshego Holdings acquires afb Ghana
Letshego and the afb team have now shared their intent to deliver more broad-based solutions during 2017 and going forward
04/17/2017
Row over N22b pension legacy fund
NICON Insurance is said to have more than half of the fund in its custody, worth N12 billion.
04/13/2017
Comesa bank governors push for full utilisation of REPSS
Through REPSS importers and exporters would be able to pay and receive payment for goods and services using an efficient and cost effective platform, thus increasing intraregional trade.
04/12/2017
Ghana, Czech sign Double Taxation Agreement
It will also eliminate the incidence where income from both countries are taxed twice and as well as increase Ghana’s Exchange of Information network
04/11/2017
Tanzania: Govt Asks for Extradition of Former Senior Banker
The three have been charged with money laundering, forgery, abuse of position, corruption, obtaining advantage and transfer of proceeds.