08/08/2022
Banks fingered for undermining regulatory authorities in SA, developing countries
Talking to SABC’s Vuyo Mvoko recently, Bonakele reflected that the banks were among the worst in the world when it came to supporting the economy.
Regulation,Tax & Compliance
08/05/2022
Banking sector fraud: Clari5 partners CWG Ghana to provide real-time Anti-Fraud solutions
The partnership is coming at a time the Bank of Ghana recently announced that GH¢61 million was lost to banking sector fraud in 2021 as compared to a loss of GH¢25 million in 2020—representing a 144percent increase in year-on-year terms.
08/05/2022
Uganda central bank's tight monetary policy may impact markets: IMF
Fund supports move to control inflation by tightening liquidity
08/05/2022
Ghana will not default in Eurobond repayment – Report
IC Securities said the IMF bailout provides policy direction, but will not avert an imminent debt restructuring.
08/03/2022
The consequences of your attorney binding you without your mandate
The SCA found that in the interest of justice, the minister should be held liable in terms of the settlement agreements
08/02/2022
Access, DFC Sign $280m Financing Deal For SMEs
Other members of the delegation met with members on the Energy Transition Team within the Office of the Vice President.
08/02/2022
IFC and Absa Bank Partner to Increase Affordable Housing Finance in South Africa
The loan is expected to contribute to developing South Africa's sustainable finance market by introducing a novel, replicable instrument to raise additional financing for affordable housing and other social causes
08/02/2022
Treasury drafts plan to lift retirement savings in South Africa
South Africa’s savings rate climbed to 20% of gross domestic product by 2021
07/29/2022
UAE, Kenya to commence talks over comprehensive economic partnership
The UAE-Kenya CEPA will be the first bilateral trade deal that the UAE seeks to sign with an African nation
07/29/2022
Buhari: NDDC Audit Report Being Implemented in Phases
It is gladdening to note that the ministry has prioritised the repositioning of the NDDC to ensure they deliver on their objectives and mandate.
07/28/2022
African Development Bank adopts new Country Strategy paper for Egypt covering 2022-2026
The new strategy sets out two priority areas: strengthening Egypt’s competitiveness to support strong private sector-led growth and job creation.
07/28/2022
CBK sees inflation easing on State subsidies, retains base loans rate
“The recent waiver of import duties and levies on white maize, the subsidy on retail prices of sifted maize flour, and the recent reduction in VAT on LPG will further moderate domestic prices,”
07/27/2022
SARB sends warning to South Africa’s biggest banks
The country’s biggest banks have the highest concentration of customers – holding 89% of total assets for the banking sector – and thus carry the highest risk.
07/27/2022
Money laundering a high risk threat for South African banks
Large banks are “still targeted by criminals as clients use cash extensively and can use non-face-to-face methods such as automated teller machines to deposit cash, while the source of funds and details of depositors are largely unknown.”
07/27/2022
Dealers in high-value goods may soon be accountable institutions under FICA
The FATF’s mutual evaluation of the country identified significant weaknesses in the country’s anti‐money‐laundering and counter financing of terrorism systems.
07/27/2022
The right procedural response to a notice of bar
In response to this notice in terms of Rule 23(1), the plaintiffs delivered a notice of intention to amend.
07/26/2022
Stanbic Bank risks Sh9.6bn pay for failed Juba plane deal
High Court judge David Majanja said the bank would not suffer any prejudice if the carrier were allowed to amend the compensation claim.
07/26/2022
CBN disburses N68bn under 100-for-100 policy
“Loan amount shall be a maximum of N5bn per obligor. Any amount above N5bn shall require the special approval of CBN’s management,” it said.
07/22/2022
African Development Bank grants Egypt $271mln for food security, private sector
Under the program, local farmers will have more access to subsidized fertilizers to be more incentivized to grow wheat
07/22/2022
South Africa raises rates more than forecast; decision split
"The aim of policy is to stabilise inflation expectations more firmly"