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
07/18/2016
They will be also required to provide detail information regarding their loan arrangements for scrutiny by the bank.
07/14/2016
Presently, minimum capital requirement is 120 million cedis and 15 million cedis for universal banks and savings and loan companies respectively.
07/14/2016
The financial watchdog in South Africa says the broker is unauthorized to offer its services to local residents.
07/12/2016
The maiden project to be undertaken under this cooperation initiative will be the African Exchanges Linkage Project.
07/12/2016
Where CBS said banks in Swaziland were no longer expected to charge service fees for cash deposits for any product or type of account effective from July 1, 2016.
07/11/2016
The bill comes as the government tightens the screws on corruption and money laundering.
07/08/2016
The programme will allow Ghana Home Loans access 380 million cedis from the domestic market.
07/08/2016
A contract awarded by the South African Social Security Agency to Johannesburg-based Net 1 UEPS Technologies Inc. to pay grants electronically in 2012 has this year been dogged by court battles and criminal charges.
07/08/2016
The central bank on Monday said Skye Bank’s liquidity ratio has been below the regulatory limit for a while and it had resorted to its rediscount window for support, prompting its top executives to resign.
07/07/2016
The proposed amendments are open for public comment until 15 July 2016.
07/06/2016
The announcement by the CBN created near panic as clients of the bank trooped to branches to withdraw their savings for fear of losing their monies.
07/05/2016
Islamic banks and insurers are setting up in Morocco after it adopted legislation allowing them into the domestic market.
07/04/2016
The firm, which launched the East Africa Fraud Risk Survey last year, has been rooting for a regional database and intelligence communities to fight the vice.
07/04/2016
The Mauritius transitional period (1st April 2017 to 31st March 2019) allows for the sharing of taxing rights between India and Mauritius
07/01/2016
The North African country had long rejected Islamic banking due to concerns about Islamist movements, but its financial market lacks liquidity and foreign investors, both of which Islamic finance could attract.
06/30/2016
Subsequent years have seen a move from a more diverse basket of currencies used in the country to a near total domination by the Greenback.
06/30/2016
The World Bank’s economic analysis for Kenya shows that the country’s insurance sector was expected to grow at 6 per cent in 2015
06/30/2016
The Brexit effect is bound to decrease foreign investment in the region.