10/02/2020
Mauritius had already agreed to implement a detailed Action Plan within an agreed timeline with the FATF, to be removed from the FATF list and subsequently from the EU list.
10/02/2020
This failure had two main components.
10/02/2020
The need for effective financial crime prevention training has never been more pronounced
10/01/2020
The bank said the first is an initial cash consideration for a 49 per cent shareholding, increasing to a majority stake in the second tranche.
10/01/2020
The government is targeting to raise Sh50 billion from the two-tranche bond issue, intended for general budgetary allocation.
10/01/2020
The CBK announced the suspension of CRB listing for loans that were defaulted after April 1, and the relief was to last for six months to September 30.
09/30/2020
KMRC will lend to banks and financial co-operatives at an annual interest of five percent, enabling them to write home loans at rates lower than average market rate of 11.94 percent.
09/30/2020
Ms Vivienne Yeda, the director general of EADB, said the funds will be deployed to "promote enterprises that generate employment opportunities, social economic development and consequently promote regional integration."
09/29/2020
“In the matter of Houtbosplaas (Pty) Ltd v Nedbank Ltd, the applicant companies had a complex shareholding structure. In essence, the shares were held by four registered trusts,” said Janse van Rensburg
09/29/2020
The rapid growth of blockchain technology in Africa has raised concerns over a heavy-handed regulatory response that would hinder local innovation.
09/29/2020
Mr Yamamoto stated that the US commends Somalia on its efforts towards economic reform.
09/29/2020
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 has obtained the CBN’s approval in principle to enable it restructure as a Holding Company.
09/28/2020
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
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
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
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
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
Digital detection spells jail time for insurance scammers.
09/25/2020
However, recent events and trends have come to the defence of the reformists at the BoG.