06/13/2014
Zimbabwe: Moves to calm jittery banks
Foreign-owned financial institutions have indicated that they will withdraw if forced to indigenise
Regulation,Tax & Compliance
06/12/2014
Nigeria: Banks pay fines to CBN
The bank was fined for promoting top management staff without CBN’s approval
06/10/2014
SEC cautions financial institutions to be vigilant
The Securities and Exchange Commission says financial institutions need to scrutinise and tighten its investigative structures on customers to minimise fraud in the industry.
06/10/2014
Ghana: Banks feel pressured
Banks have been asked to implement too many policies in a short period
06/09/2014
Nigeria: CBN Fines Banks N1.2 Billion for Violating Agric Credit Scheme
The Central Bank of Nigeria has fined banks N1.2 billion for violating the guidelines of the Commercial Agricultural Credit Scheme.
06/08/2014
Nigeria: Begin Cashless Policy Enlightenment in Remaining States, CBN Tells Banks
This is to ensure that bank customers and residents of those states are not caught unawareness when the policy, which seeks to migrate people from the dominant cash activities to electronic portals for their various transactions.
06/05/2014
Compliance by Nigerian financial institutions with United States FATCA: caught between a rock and a hard place?
The ultimate goal of the legislation is for the IRS to obtain information
05/29/2014
Nigeria: CBN Directs Banks to Upgrade Chief Compliance Officers
The CBN noted that equally worrisome was the fact that most CCOs do not report directly to the board of directors
05/27/2014
Kenya still on watch list for laundering
A negative verdict could slow down Nairobi's quest to become an international financial centre
05/26/2014
Tanzania to destroy $50m ivory stockpile
Tanzania’s 90 metric tonne stockpile of ivory valued at about $50 million si to be destroyed
05/26/2014
Kenyan banks start APR full disclosure
Kenyan banking customers will soon get full disclosure of what exactly goes into their loan charges.
05/23/2014
Compliance professionals to be recognised and rewarded at the inaugural Southern Africa Compliance Awards, in Johannesburg
Business in Africa is advancing rapidly, due in no small part to the efforts of the compliance industry
05/20/2014
SA startups catch a tax break as Reserve Bank allows for offshore IP transfer
The South African Reserve Bank has relaxed regulations for private companies in the country, which now makes it possible to transfer intellectual property offshore, reports TechCentral.
05/19/2014
Standard Bank Charter Compliance At 61 Percent
The objective of the charter is to facilitate the transformation of the Namibian financial sector and to bring about tangible benefits for Namibians.
05/14/2014
Financial services rules ‘disadvantage new entrants in sector’
A flood of new regulations in financial services makes it difficult for new entrants to break into an already highly consolidated sector
05/14/2014
Skye Bank links sustainable economic growth to policy implementation
Africa’s sustainable economic growth rests on the faithful and committed implementation of the ongoing policy and regulatory reforms, improved governance, political stability on the continent and other business facilitation reforms
05/09/2014
Financial Stability Board For Sub-Saharan Africa Meets In Accra
The Bank of Ghana has hosted the fifth meeting of the Financial Stability Board Regional Consultative Group for Sub-Saharan Africa in Accra.
05/07/2014
Regulator to bar Saccos not meeting Sh10m capitalisation rule
Bosa refers to Saccos operating their services like loans and repayments
05/06/2014
IFC leads Basel III recapitalization to support FirstRand's expansion in Africa
FirstRand continues to grow and improve access to finance
05/02/2014
RPT-Fitch: South Africa Credit Record Rules Moderately Increase Risk
Under regulations that took effect at the beginning of last month, a registered credit bureau must remove adverse consumer credit information within two months of April 1 2014.