06/08/2015
Kenyan insurance firms seek sweeping financial sector reforms
The Association of Kenya Insurers (AKI), grouping 44 insurance companies, pledged to increase the value of the pensions industry from 7.8 billion U.S. dollars
Regulation,Tax & Compliance
06/08/2015
Regulate Safaricom’s financial services
Because of the sensitivity of money and its central role in any economy, financial business is heavily regulated in every country
06/05/2015
African economies removing barriers to FDI
Rwanda’s competitiveness and ease-of-doing-business rankings had risen as a result
06/04/2015
WEF: Business leaders push for cooperation among regulators as key to financial inclusion
Speaking yesterday at a session on financial inclusion, Okonjo Iweala strongly believed that deepening financial inclusion lies on tackling the regulatory arbitrage
06/03/2015
Widespread collusion alleged in rand scam
South Africa’s antitrust regulator last month announced the probe into some of the world’s biggest banks
06/02/2015
Embracing a New Corporate Governance Culture
Although this is seen as a very arduous task, the exchange has made significant progress in the journey towards realizing that ambition.
06/01/2015
Promoting Good Business Practice Through Corporate Citizens Award
The recent recognition of nine corporate organisations at the Corporate Affairs Commission’s Corporate Citizens Award will engender healthy competition among registered companies in Nigeria
05/29/2015
Reserve Bank plots a tighter course
Supervision practices are in the spotlight at the regulator, after the fall of African Bank.
05/27/2015
Banks’ shareholders express concerns over N56.42b levies to AMCON in 2014
Some shareholders on Monday said the huge levies paid by commercial banks to the Asset Management Corporation of Nigeria had stifled the banks’ ability to lend.
05/27/2015
African Bank’s failure prompts regulator to review supervision
African Bank failed amid record losses and a lack of funding
05/27/2015
Rand Probe May Stem From Whistle Blower or ‘Confession’
An investigation by South Africa’s anti-trust regulator into alleged foreign currency manipulation involving the rand may stem from a whistle blower or “a confession”
05/27/2015
Shadow banking in the spotlight
‘Regulation not the silver bullet.’
05/22/2015
RBZ approves NMB Bank top-tier status plan
THE Reserve Bank of Zimbabwe has approved a plan by NMB Bank that will see it attaining top-tier status of $100 million minimum equity capital by 2020, its parent company said yesterday.
05/21/2015
SEC Suspends BGL From Capital Market Operations
SEC directed that “BGL Asset Management Limited, BGL Capital Limited and BGL Securities Limited be suspended from all capital market activities
05/21/2015
BoB shuts down Kingdom Bank
The High Court has granted an order for operations of troubled Kingdom Bank Africal Limited (KBAL) to be wound up after a forensic audit found the bank to be insolvent.
05/21/2015
Nene worried forex probe may expose risks in banking system
The Competition Commission said on Tuesday it suspects 11 companies of using electronic messaging software to co-ordinate foreign exchange deals when quoting prices to customers.
05/20/2015
S.Africa probes global banks over forex fixing
The probe follows other forex investigations around world that began two years ago
05/19/2015
NIC tightens rules on claim payments
Sometimes, it takes about two or three years, and even when the company agrees to pay
05/14/2015
Senior and middle level managers to mainstream Anti-Corruption policies
The Anti-Corruption Commission (ACC) with support from European Union (EU) on Monday 11th and Tuesday 12th May 2015 encouraged senior and middle level managers of the Civil Service to mainstream anti-corruption initiatives into their programs and activiti
05/13/2015
Five banks lose N312m to CBN’s sanctions
The bank was fined N184 million for not obtaining approval from CBN