09/07/2022
Kenyan shilling stable, expected to ease due to increased importer demand
At 0738 GMT, commercial banks quoted the shilling at 120.15/35 per dollar
Regulation,Tax & Compliance
09/06/2022
African Development Bank and Portugal sign EUR 400 million guarantee agreement to underpin Lusophone Compact
The program is designed for new, non-sovereign operations in these Lusophone countries and will enable the Bank to optimize allocation of its risk capital to these countries.
09/05/2022
Central Bank of Nigeria partners with Arabatech, PNAIL to promote eNaira platform
Nigeria Inter-Bank Settlement System (NIBSS) Instant Payment (NIP) is now available on the eNaira platform.
09/05/2022
How South Africa’s major insurance raid went down
The insurers are alleged to have fixed prices and trading conditions in the setting of fees for investment products such as retirement annuity and premiums for risk-related products.
09/02/2022
IMF approves $1.3bn loan for Zambia
The lending plan will be vital to keeping the country's economy afloat and positioning Zambia as a model for resolving Africa’s debt crises.
09/02/2022
Treasury extends job freeze into the new administration
In principle, public sector wage bill is not supposed to consume more than 35 percent of national government revenues.
09/02/2022
Standard Bank ordered to freeze accounts of suspected Ponzi scheme
Lyoness South Africa is a multi-level marketing scheme that is thought to have roped in 190 000 South Africans.
09/01/2022
Capital markets regulator approves a Sh5 unit trust
The product is set to disrupt the CIS market where companies take a minimum of Sh1,000 from investors.
08/30/2022
$750m Afrexim Bank loan hits Bank of Ghana’s accounts
The proceeds from the loan, according to the government will help shore up its reserves, which stood at $7.68 billion, as of June 2022, a move that could help slow down the rate of depreciation of the local currency against the dollar.
08/30/2022
Updated: Access Holdings gets approval to take over First Guarantee Pension
"This transaction is in line with our vision to create a globally connected community and ecosystem; inspired by Africa for the world,” CEO Herbert Wigwe said in a document seen by PREMIUM TIMES.
08/30/2022
Access bank cuts operating hours after spending over N77bn on energy, others
According to the bank, while some of its branches will continue to operate between 8am and 4pm, its electronic channels would be open to customers 24hours everyday.
08/30/2022
Kenya's central bank to raise $41mln from bond market
The securities are on sale until September 13, when the period of the auction closes
08/29/2022
Ethiopia’s import bill surpasses $18 billion
The analysis shows that for the 20th year in a row, China continues to be the leading origin for Ethiopia’s imports, providing $3.3 billion or 18% of total imports.
08/26/2022
Experts urge CBN to leverage technology to strengthen naira
The News Agency of Nigeria reports that the hybrid meeting had, “Leveraging on Technology to Gain a Competitive Edge” as its theme.
08/25/2022
This new cybersecurity centre will help protect African countries from cybercrime
A new cybersecurity center in Togo is poised to add into efforts by individual African countries to secure the continent’s cyberspace.
08/25/2022
Ghana Central Bank Announces Launch of Regulatory Sandbox
The Ghanaian central bank has touted the recently launched regulatory and innovation sandbox as a fulfillment of its “commitment to continuously evolve a conducive regulatory environment that fosters innovation, financial inclusion and financial sta
08/25/2022
VISA announces grant to help African women fund managers grow their businesses
Visa’s grant to the AWIF is an extension of the She’s Next program, a global advocacy program for women-owned businesses that has been expanded to Sub-Saharan Africa to further champion and strengthen African women business owners as they buil
08/25/2022
South African workers march in capital against inflation
South African workers have demonstrated against the country’s rising cost of living including record-high fuel prices and increased costs for basic foods
08/24/2022
Bank of Ghana Launches New Regulatory Sandbox
At the same time, the restrictions imposed on movement of persons as part of the covid-19 containment measures have spurred the adoption of digital financial services among individuals, businesses, government ministries, departments and agencies.
08/24/2022
More Money For Bank Customers As CBN Increases Interest On Deposits
Daily Trust reports that the CBN recently directed banks to pay savings deposit accounts an interest rate of at least 4.2%; from the 1.4% that previously obtained.