03/25/2021
A quick review of the global statistics on frauds and corruption shows that the damage suffered by African countries due to frauds, embezzlement, economic crimes, financial crimes and corruption is estimated at about 25% of the combined annual budgets of
03/24/2021
Emefiele also explained that the nation has not changed its foreign exchange management policy, as the apex bank has continued to adopt the managed-floating strategy.
03/23/2021
This has seen a number of banks revise dividends that had received board approval downwards to ensure the payouts are a fraction of last year’s disbursements.
03/23/2021
More concerned about the impact of a potential third wave of coronavirus infections and a slow rollout of vaccines.
03/19/2021
CMA chief executive Wycliffe Shamiah said instead of competing with banks, the regulator now wants a broader fund that will help small business reduce the cost of listing even as it offers loan guarantees.
03/19/2021
The Kampala-Jinja Expressway Project will cut travel time and boost trade along an important artery linking Uganda with its neighbors
03/18/2021
“The CS Agriculture is organising for a meeting between the ministry, Treasury, NCPB and KCB to resolve the Sh7billion loan,” said Mr Iringo.
03/18/2021
The firm is also advising POSCO on offtake and prepayment arrangements for the project.
03/17/2021
Masondo said it will also be a requirement for financial institutions, such as banks, to have transformation plans that demonstrate their compliance with existing Black Economic Empowerment legislation.
03/16/2021
This will mean investors willing to buy the Kenyan bond in the international will demand risk premium to cushion against country’s risk of default.
03/15/2021
Dentons launches combination with East African Law Chambers in Tanzania
In 2020, Dentons accounted for 85% of all cross-border law firm combinations and is now the second best-known law firm in the world according to Acritas
03/12/2021
NBK gets nod to auction TSS land over Sh3.7bn loan
High Court put a freeze to the sale in April 2017 following a petition from the late Mombasa tycoon’s so.
03/12/2021
Treasury raises Sh48bn from bond sale in borrowing target race
The bulk of the funds raised in the bond will be going towards the new borrowing column at the exchequer, with no maturities on the bonds register this month.
03/12/2021
Nigeria’s rising debt servicing, an economic threat – SEC
Moving towards improved sustainability may require future debt tied to revenue-generating projects.
03/11/2021
Kenya ranked among major money laundering hotbeds across the world
Kenya ranked among major money laundering jurisdictions across the globe
03/11/2021
BMA’s experience in the local banking technology sector through previous blockchain-based projects with Rand Merchant Bank
03/10/2021
The money included investments from municipalities, government departments, stokvels and ordinary South African depositors.
03/09/2021
While these regulatory requirements may appear burdensome to companies, they exist for the protection of investors who rely on accurate and timely information to make an informed judgment and for the proper governance of the companies.
03/09/2021
The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility
03/09/2021
SA authorities “have been incredibly slow in terms of regulation in the industry and that leads to businesses looking internationally,” Revix CEO Sean Sanders said.