09/29/2020
Booming Africa crypto adoption sparks regulation concerns
The rapid growth of blockchain technology in Africa has raised concerns over a heavy-handed regulatory response that would hinder local innovation.
Regulation,Tax & Compliance
09/29/2020
US, Somalia ink debt relief deal
Mr Yamamoto stated that the US commends Somalia on its efforts towards economic reform.
09/29/2020
US warns Kenya over shilling manipulation
Kenya and the US on July 8 formally launched negotiations for a bilateral trade pact that the two countries hope could serve as a model for additional agreements across the African continent.
09/29/2020
Sterling Bank gets CBN approval for restructuring
Sterling Bank has obtained the CBN’s approval in principle to enable it restructure as a Holding Company.
09/28/2020
South Africa’s updated laws could see more taxes in some areas, say experts
Unfortunately, these tax amendments do not appear to have been the result of a holistic approach to the issue and are somewhat one-sided in SARS’ favour, says law firm Webber Wentzel.
09/28/2020
Reserve Bank rhetoric abandoned by ANC as it guns for land expropriation
With the country emerging from the Covid-19 pandemic (and, it might be added, the economic devastation of the lockdown), South Africa had more pressing priorities.
09/28/2020
CRB listing freeze ends as loan defaults jump
Failure to extend the suspension means that banks, saccos and microfinance firms will be free to provide negative credit information to the three CRBs, shifting the focus to CBK governor Patrick Njoroge.
09/27/2020
Momentum drains from West African common currency plans
This was exacerbated by an imminent reform supposed to switch eight ECOWAS members who use the CFA Franc, which ties their economies to former colonial ruler France, to the Eco.
09/27/2020
Axis Pensions Trust Holds Pre-Retirement Seminar For Clients
Mr Ankomah was speaking at the 2020 Axis Pension Pre-Retirement Seminar which was held on the theme: ‘Empowering the Axis retiree to retire in style’.
09/27/2020
Avoiding insurance fraud
Digital detection spells jail time for insurance scammers.
09/25/2020
The banking industry reforms litmus test
However, recent events and trends have come to the defence of the reformists at the BoG.
09/25/2020
Banks step up efforts to blacklist staff caught stealing, committing fraud
The 2019 Banking Industry and Fraud Report released by the Bank of Ghana revealed that fraud cases in the banking sector increased to 2,295 from 2,175, representing 5.5 percent in 2019.
09/24/2020
Alleged N714.6m Fraud: Zenith Bank Staff Tells Court How Ex-minister's Bank Account Was Used To Distribute Funds
He said that on January 19, 2015, N359m was transferred to the minister’s account, adding that before the transfer, the balance in the account was N2, 614.38
09/24/2020
Centurion's Oneyka Ojogbo named Private Practice Rising Star by African Legal Awards
“We are delighted once again to have one of our attorneys be recognized by the ALA, with a prestigious recognition,” said NJ Ayuk, CEO of Centurion Law Group.
09/23/2020
CBN gives up on its policy of attracting dollars
CBN has given up its policy of attracting ‘hot money’ as it selects an alternative way to fight inflation.
09/22/2020
South African regulator signs deal with firm to refund investors
Several months after watchdog provisionally suspended its financial services provider licence
09/21/2020
What you should know about taking large sums of money out of South Africa
Powell has published a new guide for South Africans looking to take their money out of the country and the regulations that they should be aware of before doing so.
09/21/2020
Another win for FirstBank’s CEO, Adesola Adeduntan as He clinches the Forbes Best of Africa Award
The opening remark was presented by Olayinka Fayomi, Chairman, Foreign Investment Network (FIN).
09/21/2020
New York court grants IDC access to Gupta financial records from 17 international banks
In August, a Manhattan judge granted a secret court order giving the Industrial Development Corporation (IDC) access to Gupta financial records held at more than a dozen New York banks.
09/21/2020
State firm caps cheap mortgage at Sh4 million
The CBK on Friday licensed the country’s first mortgage refinance firm, paving the way for commercial banks to access long-term finance for home loans.