08/29/2023
Banker calls for state of emergency on low literacy level in Northern Nigeria
A breakdown of the $6billion investment shows that a total of $1.2billion has been budgeted for the year 2023, $1.9bn for 2024 and $2.88billion for 2025.
Regulation,Tax & Compliance
08/28/2023
Banks, 18 others, fined N125m for late filings
The rules also require quoted companies to submit interim reports not later than 30 calendar days after the end of the relevant period.
08/25/2023
Central Bank of Kenya targets $145m from reopened bonds sale
The CBK took up Ksh11.7 billion ($80.8 million) on this paper, at an average rate of 16.97 percent.
08/25/2023
Banks book Sh14bn forex gain from foreign units
The shilling depreciated by 18 percent
08/24/2023
No new BRICS bank members to be announced at summit: CFO
NDB has already raised $4.5b this year and will raise at least $8b by the end of the year
08/24/2023
5 new laws being finalised for South Africa – including changes to taxes and pensions
The new Draft Revenue Laws Amendment Bill states that the new “two-pot retirement system” will become operational on 1 March 2024.
08/23/2023
Banks on scam alert to check identity theft
Various banks such as United Bank of Africa, Guaranty Trust Bank, Zenith Bank, First Bank have alerted their customers in different ways to fraud attacks
08/23/2023
The big problem with launching a new currency for South Africa, China and Russia
The argument for a unified currency among BRICS nations has been spearheaded by Russia
08/22/2023
SARS digging deeper into rich South Africans
By doing so, the unit effectively tripled the tax base under focus.
08/22/2023
New deadline for controversial NHI
The Bill is already before the National Council of Provinces (NCOP) after being passed by Parliament in June, in spite of vehement opposition.
08/22/2023
Nigeria net forex reserves fall, inflation to worsen - JP Morgan
The US biggest bank also predicts loss of momentum for Tinubu's reforms but remains “cautiously optimistic”
08/21/2023
New currency for South Africa, Russia and China in the spotlight this week
South African President Cyril Ramaphosa expressed support for the BRICS expansion on Sunday.
08/18/2023
Bank of Ghana debunks claims that it gave government GH¢80b
The BoG explained that its decision to take a 50 per cent haircut on government’s debt saved the economy from collapse and sent a positive signal to external partners.
08/18/2023
Nigeria's naira and eurobonds rise on $3bln loan, appointment of minister
State oil firm loan to stabilise currency as Tinubu taps investment banker to steer new policies
08/18/2023
UBA, UNDP sign MoU to support youth, women-led MSMEs in Ghana
The partnership is expected to scale up youth and women-led MSMEs, increase jobs, drive revenue and contribute significantly towards the reduction of environmental footprint.
08/17/2023
‘Spelling error’ on new South African bank notes finally put to rest
Some Xitsonga speakers said that this is incorrect and the previous version of “Bangi Nkulu” was the accepted form.
08/17/2023
Court ruling seeks to end retirement age cheating
In her judgment on an appeal filed by former security guard Kenneth Ouma, Justice Mbaru said the retirement age at 55 years was amended to 60 years
08/16/2023
Ethiopian central bank limits commercial lending
The National Bank of Ethiopia believes that measures to limit lending by commercial banks will help to tame inflation running at almost 30%.
08/16/2023
Kacha DigiFin Approved by National Bank for Commercial Operations
In recent months, Kacha has successfully integrated with EthSwitch, the national switch, along with major banks and mobile money service providers.
08/15/2023
Kenya's central bank allots licence to 12 new digital loan providers
Other applications are under review at various stages