08/19/2016
New proposed trust legislation: Hit or miss?
Suggested amendments seem to have missed Davis Tax Committee’s goals.
Regulation,Tax & Compliance
08/18/2016
Nigeria central bank says Skye Bank safe, no need for panic withdrawals
After replacing Skye's executives last month, depositors rushed to withdraw their funds.
08/17/2016
Stanbic Bank expects Zambia to seal an IMF deal by December
In a note to investors shortly after President Edgar Lungu’s re-election, the bank said with the PF win, most of the groundwork has already been laid.
08/17/2016
Sanlam fined N$15m by competition regulator
“This conduct is specifically prohibited in terms of Section 23 of the Competition Act,” he stated.
08/15/2016
Money Transfer Fears For Nigeria's Economy
The country’s $20bn in annual remittances set to take a hit after central bank revoke the licenses of all but three money transfer companies
08/15/2016
Kenya: Munya Cautions Counties On Slow Remittance of Workers' Pension Deductions
The Meru County boss said it was important to safeguard workers' future especially in retirement.
08/12/2016
Lenders want new law for Islamic financing
Islamic banking has key differences from conventional banks
08/12/2016
Banks must evolve or risk irrelevance
The expert points out in recent years have also seen a host of new market entrants.
08/12/2016
MFB, ICD in services deal
To establish a new Islamic Bank in Nigeria
08/12/2016
State urged to draft separate rules for Islamic banking
“Even Uganda is coming up with a different Act to govern Islamic banking and that’s the way to go.”
08/12/2016
More regulation could actually improve financial inclusion in Africa
This allowed third-party entities, based in places as varied as supermarkets, gas stations and post offices, to act as agents for the banks.
08/11/2016
Accountants ask President Uhuru Kenyatta to pass rates law as banks make token cut
Commercial banks, which collectively booked Sh38 billion in pre-tax profits between January and March alone, are all members of the 46-member lobby group.
08/10/2016
Nigeria to allow banks to write-off some bad loans this year
Commercial banks asked the central bank to amend its rule requiring them to keep non-performing loans on their books for one year even after they have been fully provided for.
08/10/2016
China mulls venture into Rwanda's banking sector
FOCAC was created in 2000 to, among other things, cement Sino-African relations by establishing sustainable trade deals, political and cultural exchanges.
08/10/2016
Abu Dhabi Global Market signs deal with South Africa
It is the latest such agreement to be signed between ADGM and other financial authorities across the world.
08/10/2016
Reserve Bank fines GBS R500000 for Fica lapses
SA Reserve Bank found “weaknesses” in money laundering and financing of terrorism controls
08/09/2016
ADGM signs MoU with South African authority
Memorandum to enable greater cooperation on regulatory matters
08/08/2016
HFC awaits court’s ruling in Finatrade debt saga
A number of the banks in a bid to recover their monies from Finatrade last year dragged the company which is one of Ghana’s biggest commodity trading companies to court.
08/08/2016
Cordros Asset Management floats N1b fund for investors
It added that the minimum subscription amount in the fund is N10,000.00.
08/05/2016
Imperial Bank collapse boosts Diamond Trust
AKFED played a major role in helping the bank broker the December 3, 2015 deal with the Kenya Deposit Insurance Corporation