09/11/2023
The adoption of Islamic finance, which doesn’t allow the charging of interest, could unlock significant growth in East Africa’s third-biggest economy by attracting customers who have avoided traditional lenders on religious grounds.
09/11/2023
In total, it has hiked by 125 basis points since June 2022.
09/11/2023
The spring from which the encashment of an expat’s retirement funds flow is the formalisation of their cessation of tax residency.
09/11/2023
Islamic Banking is a phrase used to refer to the banking services that follow Islamic principles, which bar the charging of interest on a loan.
09/08/2023
This is an innovative fund to address the plight of migrant workers.
09/08/2023
Proposals in the amendments would see it become compulsory to disclose the pay gaps between top executives and lowest-paid workers
09/08/2023
The rules will also “compel applicants for access to undertake procedures which are onerous and prejudicial,” G7 Chief Executive Officer Kilian Hagemann said.
09/07/2023
Director General of SEC, Mr Lamido Yuguda, said this at the 2023 Chartered Institute of Bankers (CIBN) graduates induction and prize award recently
09/06/2023
President Museveni recently signed an amendment to authorise Sharia-compliant banking
09/06/2023
She told Budget and Appropriations Committee chairman at the event that she would raise the issue with the National Assembly.
09/05/2023
In 2020, the Treasury had forecast a primary surplus for three years as well as the stabilization of debt as a percentage of gross domestic product in 2025.
09/04/2023
The latest move is likely to cause a shake-up in the liquidity position of the banking industry in which government cash constitutes between eight and 10 percent of the total bank deposits.
09/01/2023
“Failure to pay over contributions as required is not only a contravention of the PFA but leads to prejudice and unfair outcomes for members,’ the FSCA said.
09/01/2023
The agreement with Access for the sale of the bank’s business in Sub-Saharan Africa is in line with Standard Chartered’s global strategy, aimed at achieving operational efficiencies, reducing complexity, and driving scale.
08/31/2023
This is as the number of Nigerians with National Identification Numbers increased to 102.39 million in August despite a slowdown in the number of enrolments.
08/31/2023
The terms of the transactions the lenders have with their affiliate firms are normally not disclosed, but they are expected to treat the sister companies the same way they deal with other customers.
08/29/2023
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.
08/28/2023
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
The CBK took up Ksh11.7 billion ($80.8 million) on this paper, at an average rate of 16.97 percent.
08/25/2023
The shilling depreciated by 18 percent