12/09/2022
Kenya central bank restores mobile money transfer fees
It also allowed free transactions on small payments through the M-Pesa mobile payments network, though it withdrew this accommodation at the end of 2020.
Regulation,Tax & Compliance
12/09/2022
International Monetary Fund (IMF) Staff Concludes Visit to Zambia
This will be formally assessed in the context of the first review of the Extended Credit Facility arrangement, which is expected to be undertaken in Spring 2023.
12/08/2022
Nigeria limits ATM withdrawals to boost digital payments
The central bank is also planning to mint more of its eNaira digital currency, which launched last year but has yet to take off, according to Bloomberg.
12/08/2022
AD Ports Group, Africa Finance Corporation ink deal
The two organisations aim on identifying, developing and investing in ports, warehouses, maritime and logistics infrastructure projects across Africa
12/07/2022
State officials face jail for failing to implement MPs’ directives
The section states that a responsible official shall submit a status report to a relevant Parliament committee within 60 days from the date the resolution is conveyed by the clerk or within such period as shall be specified by a resolution of the House.
12/06/2022
SA to help fast track visas for Nigerian business
There have been anecdotal complaints of passports spending months at SA missions in Nigeria and talk of deliberate delays for unknown reasons.
12/05/2022
New guidelines for getting a bank license for new and pending applications out
It will also provide specified minimum requirements and are expected to be considered by anyone applying for licenses.
12/02/2022
Majority of CEOs believe free trade pact will boost intra-Africa deals
Implementation of the AfCFTA will have a positive effect as early as 2022-23: Survey
12/02/2022
Nigeria finance minister says borrowing still sustainable
The Debt Management Office put Nigeria's total local and foreign debt at $103 billion at the end of June
11/28/2022
CIN deepens compliance with new members induction
Compliance professionals across the sub-region including policymakers, regulators, law enforcement officers and standard setters will attend the event.
11/28/2022
Equity recovers 90pc of Covid restructured loans
The lender said last week that restructured loans worth Sh49.4 billion had been fully repaid by the end of September, while borrowers were servicing others worth Sh104.9 billion.
11/28/2022
CBK eyes World Bank loans to boost forex reserves
CBK data shows the stockpile of foreign currencies has dropped 19.70 percent to $7.038 billion (Sh858.64 billion) from $8.765 billion (Sh1.07 trillion) at the beginning of the year.
11/28/2022
Protect real estate sector from risks — Regulatory authority
The Special Adviser to Lagos State Governor on Housing, Mrs Toke Benson-Awoyinka, disclosed this in a statement on Sunday to announce the third edition of a conference and exhibition programme for real estate practitioners and potential clients in Lagos.
11/25/2022
Liberia: African Development Bank Group approves $5.12 million financing for Emergency Food Production Program
The country’s major crops are rubber, rice, cassava, bananas and palm oil, with cassava and rice being the primary staple food crops.
11/25/2022
Treasury orders removal of troubled Kenya Power board chair Yeda
The Kenya Electrical Trades & Allied Workers Union has constantly demanded the removal of Ms Yeda from the board arguing that she has been behind the company’s shortage of critical materials such as poles, meters and transformers through delayed
11/25/2022
Nigeria needs to tap into its natural resources to resolve its foreign debt — Access Bank Chair
Speaking at the 22nd edition of NECCI Public Relations round-table in Lagos, she said that Nigeria can generate enough revenue from its enormous natural resource to fund the budget and repay its loans.
11/25/2022
Karuturi assets on sale as two banks seek to recover Sh1.6 billion
The farm has been previously used to cultivate the cut flower,” said the banks in the notice placed by one of the receivers of the assets.
11/25/2022
Reserve Bank hikes rates by another 75 basis points
The level of the repurchase rate is now above the level prevailing before the start of the pandemic.
11/24/2022
Bank regulator ‘thinks Telkom chair Moloko has too much on his plate’
Prudential Authority wants the executive to step down as chair of Telkom and focus his attention on Absa, sources say
11/24/2022
CBK raises cost of loans to rein in inflation
The new policy lending rate is the highest since November 2019 when it was pegged at 9.0 per cent at a time when the now scrapped interest rate controls were still in force.