07/22/2015
Nigeria, U.S Seal Deal To Recover Stolen Wealth
US will also offer training to judicial staff and prosecutors “in order to place Nigeria in a good position to uncover proceeds of corruption and for improved prosecution of cases of crime.
Regulation,Tax & Compliance
07/21/2015
Amendments to the JSE debt listings requirements
On 8 July 2015, the Johannesburg Stock Exchange ("JSE") published the latest amendments to the JSE Debt Listings Requirements. The key amendments are:
07/20/2015
NDIC Faults Poor Governance Culture in Banks
Weak corporate governance had been identified as one of the major causes of financial system distress in the Nigerian Banking Sector.
07/20/2015
Brics brings SA trading and banking wins
The Brics nations have economic clout that rivals that of the US, writes Andile Ntingi.
07/20/2015
BVN: Central Bank sets up centre in South Africa
The good news is that from South Africa, Nigerians can monitor their accounts at home and feel relaxed that their accounts will not be closed because they were not captured for the BVN
07/17/2015
DTC recommendations may see Trusts receive a full frontal tax lobotomy
The report seeks public comment but suggests that estate duty is in dire need of modernisation.
07/15/2015
Daniel Mminele: Global monetary policy normalisation and South African financial markets
Address by Mr Daniel Mminele, Deputy Governor of the South African Reserve Bank, at the Annual Conference of the Bureau for Economic Research, Johannesburg, 12 June 2015.
07/15/2015
Standardizing Regulation In a World Markets of SME
Alternative lending is now a massive market on the globe, gaining the most traction in developed economies.
07/14/2015
BoG warns Banks
The Bank of Ghana (BoG) has warned banks in the country to stop sourcing for expensive wholesale funds from the markets.
07/14/2015
OTC derivative participants: take note! - ENS Africa
South African regulators should perhaps follow other jurisdictions’ legislation in allowing such re-use, subject to certain conditions
07/10/2015
Credit squeeze likely to hurt Kenya’s private sector, bankers warn
Although tightening of credit could ease pressure on the shilling and rein in inflation, bankers warn downside risks arising from the latest measure by Central Bank of Kenya to raise both its policy and base rates could stifle credit uptake and business
07/09/2015
Nigeria’s Emfiele Stands Firm on Foreign Exchange Trade Controls
Central Bank of Nigeria Governor Godwin Emefiele reiterated on Wednesday that foreign exchange controls were helping to stabilize the naira and replenish reserves, amid criticism the measures are harming the economy.
07/08/2015
Patrick Njoroge: Kenyan bank boss who doesn't want luxury house
Kenya's new central bank governor rejected the grand house that comes with his prestigious job.
07/06/2015
Nigeria’s apex bank defends selective forex restriction
The Central Bank of Nigeria has defended its decision to stop the use of foreign exchange for the importation of certain goods.
07/06/2015
Corrupt public official without Swiss bank account turned into laughing stock
The country is still reeling in shock after it was reported that a former city hall official who is suspected of corruption stashed the proceeds of his alleged crooked dealings in local banks and the local property market.
07/03/2015
Banks can't do business as usual
The Basel III global reforms to strengthen bank supervision and regulation are kicking in, affecting how finance can operate elsewhere in Africa.
06/30/2015
African Bank ‘moving steadily along’
Senior unsecured debt holders will have 90 percent of their claims exchanged for new unsecured notes
06/30/2015
Ghana: Corporate failures imminent
The sources, who spoke on condition of anonymity, accused banks of not declaring the true levels of non-performing loans.
06/29/2015
Nigeria BVN deadline looms
Bank customers in Nigeria are reported to be rushing to register for their biometric banking cards as the deadline for the compulsory BVNs looms.
06/26/2015
Portugal cenbanker urges African states to align supervision with EU
The Bank of Portugal urged central banks in Portuguese-speaking Africa to raise supervision standards to the European banking union's tougher requirements to avoid capital cost hikes for European banks in Africa.