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Regulation,Tax & Compliance

12/29/2023

AfDB approves trade finance facility to Bank of Africa Tanzania

The Bank will provide a guarantee to confirming banks for the non-payment risk arising from the confirmation of letters of credit and similar trade finance instruments issued by BOAT.

12/28/2023

Access, UBA, Wema, GTB, Zenith, Others Announce New Closure Time, Plan To Shutdown Branches

Notice of Early Closure on December 29, 2023.

12/28/2023

Kenya seeks higher rating in fight against dirty cash

“In this regard, Kenya has filed a request with the ESAAMLG for Technical Compliance (TC) re-rating as a result of these amendments,” said Treasury.

12/28/2023

Retirement or unfair dismissal? What employers should know

The applicant was employed under a fixed-term three-year contract when the new company took over.

12/28/2023

Niger gov signs 2024 budget into law

Legislature and its sanctity must be protected.

12/22/2023

CBN probes banks, PoS operators over naira scarcity

The CBN has, therefore, warned banks and PoS operators to desist from such activities as relevant sanctions shall be meted out to those found wanting.

12/22/2023

Warning over interest rates in South Africa

These are the latest findings from Bank of America’s Fund Manager Survey, looking at South Africa’s prospects going into 2024.

12/22/2023

Ghana to implement Action Plan on misinformation in 2024

The Minister stated that the Plan would include several strategies, including maintaining ethical standards in the media

12/22/2023

Government must finalise negotiations on salaries, conditions of service – CLOGSAG

Mr Addo said the National Executive Committee of CLOGSAG would be convened immediately after the festivities to address the concerns of members.

12/22/2023

Government must finalise negotiations on salaries, conditions of service – CLOGSAG

The utility bills have similarly been escalating and food prices are on the upward trend, as well as rent charges that are taking up a chunk of our salaries.

12/21/2023

GRA says it is confident SML contract will ensure revenue efficiency

This comes after a report by The Fourth Estate and subsequently published by some media outlets, alleging a 10-year contract by Finance Minister to SML with an estimated over $100 million annually.

12/21/2023

Local businesses should expand using AfCFTA – Akufo-Addo

More than 20 exporters received plaques and citations for higher level of performance, producing quality products and breaking new grounds in their operations.

12/20/2023

CBK faces upward rates pressure in January bond sales

The CBK has split the sale into two tranches, comprising a new three-year bond and the third re-opening of a five-year bond first sold in July.

12/20/2023

Tanzania: African Development Bank unveils Trade Finance Transaction Guarantee Facility to Bank of Africa Tanzania Limited

The Bank will provide a guarantee to confirming banks for the non-payment risk arising from the confirmation of letters of credit and similar trade finance instruments issued by BOAT.

12/20/2023

African Development Bank to withdraw international staff from Ethiopia

An AfDB spokesman did not immediately respond to a request for comment on the staff pull-out.

12/19/2023

A notable rise in CIT revenue

The data is compiled by the NBS from data provided by the Federal Inland Revenue Service

12/18/2023

African Development Bank Approves a U.S.$ 175 Million Facility for United Bank for Africa

The trade finance senior debt will provide UBA with much needed countercyclical dollar liquidity to support SMEs and local corporates involved in export-import related activities in the short to medium term.

12/18/2023

CBK seen cutting rates in 2024 as global peers signal shift

Looser monetary policy in advanced economies is expected to ease pressure on the domestic exchange rate by incentivising capital inflows to emerging and frontier economies like Kenya.

12/15/2023

European Investment Bank Partners Central Bank of Kenya for Climate Finance Initiative

Addressing barriers to green financing and promoting climate resilience in Kenya’s financial systems.

12/15/2023

IMF seeks stronger crypto regulation

Rules are not meant to return us to a pre-crypto world, nor to squash innovation.

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