08/17/2020
If you are a South African resident who has made the informed decision to repatriate offshore funds back to South Africa, the good news is that the process is relatively simple and straightforward.
08/17/2020
The network has drawn experience and knowledge of about 79 institutions that work with ordinary individuals in the African continent and the diaspora, currently working in 48 out of 55 nations.
08/17/2020
The Bank is seeking to expand the number of bankable projects in Africa and has set aside $100 million for project preparation activities in low-income countries.
08/14/2020
The South African Reserve Bank in March eased capital rules for lenders to free up their balance sheets so they can better help customers with extra loans or by rescheduling existing credit.
08/13/2020
Similarly, following due processes will ensure that these funds, or a portion thereof, can simply be taken offshore again in the future.
08/13/2020
The main factors influencing their choices when it comes to new markets are: market regulation (for 91% of respondents), followed by regulation imposed on investors and the availability of price and market data (each with 90%).
08/13/2020
These individuals came from different industries,including education,property,oil and gas,manufacturing,financial services,banking,entertainment,retail,and construction.
08/13/2020
Innovations in healthcare, online learning and fintech continue in Africa during the pandemic, Lydiah Bosire writes
08/13/2020
It is also possible that commercial banks could see subdued growth in interest income from the sector-wide extension of loan repayment to borrowers in line with directives by the Central Bank of Kenya (CBK).
08/12/2020
Palliative measures to soften the negative income effects have not been strong or far-reaching enough in most countries – many complain they are yet to receive anything from their governments.
08/12/2020
Botswanan Central Bank data published later last week had unfurled that the diamond-rich Southern African country’s diamond exports had beaten an apocalyptic retreat of 68 per cent over the second quarter of the year.
08/11/2020
The oil price crash coupled with border closures have worsened Nigeria’s FX deficit.
08/11/2020
Basically, as banks, we need to roll up our sleeves and support businesses so that we can ensure that if there is a recession, we can recover quickly.
08/11/2020
In South Africa we think we will have a gross domestic product (GDP) decline of 8.5%, with a bounce of 6.5% next year.
08/10/2020
The bank explained that the finalists would pitch their products to a jury for the cash prizes for the top three, worth $10,000, $7,000, and $5,000.
08/10/2020
Adesina, along with Dr. Ngozi Okonjo-Iweala, Arunma Oteh and others, are great Nigerian-born international technocrats who have made our country and Africa proud, excelling in all posts they have occupied.
08/09/2020
While officials have declined to give exact estimates, they have said production will be well below the original target of 23 million carats.
08/09/2020
South Africa, which has recorded more than half a million infections to date, is facing its biggest downturn in 90 years this year as industry slowly reopens from restrictions.
08/09/2020
With all the complexity around moving wealth offshore, the real brainteaser for most is how to do it as quickly and cost effectively as possible
08/09/2020
“Gold mining companies will spew a lot of cash in the next 12 months,” said Franco Lorenzani, an independent mining analyst.