07/14/2016
New financial bill to consolidate rural banks, microfinance companies
Presently, minimum capital requirement is 120 million cedis and 15 million cedis for universal banks and savings and loan companies respectively.
Regulation,Tax & Compliance
07/14/2016
South Africa’s FSB Warns Against RBOptions
The financial watchdog in South Africa says the broker is unauthorized to offer its services to local residents.
07/12/2016
The African Development Bank And The African Securities Exchanges Association Sign Memorandum Of Understanding To Join Forces To Develop Africa’s Capital Markets
The maiden project to be undertaken under this cooperation initiative will be the African Exchanges Linkage Project.
07/12/2016
We welcome banking regulatory changes - Phil Mnisi
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
Guptas lobby Zuma to stop law on wealth of politically connected
The bill comes as the government tightens the screws on corruption and money laundering.
07/08/2016
Ghana Home Loans gets banking license
The programme will allow Ghana Home Loans access 380 million cedis from the domestic market.
07/08/2016
S. African Central Bank Champions Choice For Welfare Banking
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
Nigeria Monitoring ‘One Or Two’ Lenders After Skye Bank’s Capital Problem
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
Proposed amendments to the JSE Debt Listings Requirements
The proposed amendments are open for public comment until 15 July 2016.
07/06/2016
Nigeria's Central Bank takes over Skye Bank, customers panic
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
Moroccan central bank to issue approval for Islamic banking
Islamic banks and insurers are setting up in Morocco after it adopted legislation allowing them into the domestic market.
07/04/2016
Kenya: KPMG to Set Up a Regional Fraud Intelligence Unit
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
India and Cyprus new tax treaty: Mauritius still remains jurisdiction of choice for debt structuring
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
Morocco to start approving Islamic banks for business to begin in 2017
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
South African Rand Adoption Could Work for Zimbabwe Argues deVere Group
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
CBK Licences 13th Micro-Finance Bank in Kenya
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
Deloitte sees an increase in private equity deals in E.A
The Brexit effect is bound to decrease foreign investment in the region.
06/30/2016
Making friends of foes to improve tax compliance
The Conféderation Fiscale Européenne (CFE) says in its statement taxpayers have the right to be advised and represented by qualified tax professionals of their choice
06/29/2016
Rwanda Leads African Countries in Quality of Policies, Institutions
The latest World Bank's annual Country Policy and Institutional Assessment for Sub-Saharan Africa.
06/28/2016
AfDB to Improve Performance, Development Impact Under New Development and Business Delivery Model
The new Development and Business Delivery Model is built on achieving five foundations within the Bank