04/27/2022
Kenya eyes $244m budget support from IMF
Kenya will access $244 million, bringing the total IMF support in a 38-month financing facility to $1.17 billion under the Extended Fund Facility (EFF) and Extended Credit facility (ECF).
Regulation,Tax & Compliance
04/27/2022
Trends in African Arbitration
Combined caseloads from the International Centre for Settlement of Investment Disputes (ICSID) that involve at least one party from a sub-Saharan African state have also risen, nearly tripling.
04/26/2022
Making tax dispute resolution more effective: New peer review assessments for Andorra, Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Faroe Islands, Macau (China), Morocco and Tunisia
Andorra, Macau (China) and Tunisia ensure that MAP agreements can always be implemented notwithstanding domestic time limits.
04/26/2022
Your World in Jersey: Reasons why many South Africans are moving to the Island
There are historical links between Jersey and South Africa, too.
04/25/2022
South Africa Reserve Bank Governor Advises Regulators to Evolve with the Financial Markets
Project Khokha 1 examined the use of blockchain for interbank settlements by successfully replicating some functions of the South African real-time gross settlement (RTGS) system on blockchain.
04/25/2022
Wema Bank Debunks Money Laundering, Bribery Story
The Bank has already engaged its solicitors to institute appropriate l0egal action.
04/22/2022
Fed Ends Consultation With Kraken, Custodia Nearing Access to Payment Rails
Financial institutions interested in obtaining payment services including ACH, cash, check and wires can open an account or receive services from the Federal Reserve.
04/21/2022
Uganda ready to host East African Central Bank
She hailed Acting Commissioner for Economic Development Joseph Enyimu for his presentation, that hall all the elements often missing when our economic ambassador address audiences abroad.
04/19/2022
Absa charges policymakers to sustain growth in pension sector
She dissected the pension industries and shared strategies necessary for improving the business of pension in the domestic market.
04/18/2022
CBN Fines 10 Banks
The CBN by regulation forces banks to retain up to 27.5 per cent of their deposits in CRR requirement, meaning that the deposits are not accessed by the banks for loans and advances.
04/18/2022
Treasury allocates NMS Sh14 billion to operate until 2023
The Treasury previously slashed the budget for the NMS in the current financial year signalling an end of the short tenure of the entity.
04/18/2022
Nairobi Financial Centre firms to pay Sh1m fee
The publication of the regulations to back the agency’s operations and the setting up of its board last year set the stage for its formal launch
04/13/2022
SARS must also follow the Rules of the tax dispute resolution process
The court then explored what the standard was to be applied in determining an application for condonation and stated that it is settled law that the standard to be applied is what is in the interests of justice which is “a wide and elastic concept&a
04/13/2022
Development Bank, DLM Capital Gets Approval to Acquire Links Microfinance Bank
This deal, together with our NDIC insurance, will demonstrate to our customers that they can trust us with their financial needs
04/13/2022
Cape Town wants wider roads and flexible work hours to help cut down on traffic
Congestion on Cape Town roads is costly for the economy and commuters in terms of both time and money.
04/13/2022
Reserve Bank sends price hike warning to South Africa
Higher expected wage growth, a somewhat weaker rand and further advances in global goods prices could exert additional upward pressure on headline inflation
04/12/2022
MTN gets approval to operate payment service bank in Nigeria
Mobile payment service operators provide financial services through digital means to low-income earners and people who do not use banks or banking institutions for transactions.
04/12/2022
The World Bank and IMF Are Getting It Wrong on Climate Change
Rich donor countries are working to deprioritize poverty reduction and economic development in the global south.
04/11/2022
Banks Are Being Fined By The Nigerian Central Bank For Allowing Cryptocurrency Transactions
The sanctions are part of the Central Bank of Nigeria’s efforts to discourage cryptocurrency use and impose commercial limitations on cryptocurrency trading.
04/11/2022
First Bank staggers opening duration at branches
Despite not stating the reason for the action, it is believed the bank took the decision to cushion the effect of the increasing cost of diesel with which it powers many of its branches.