09/08/2020
Treasury plans new M-Akiba issue
The Treasury said it will issue a new M-Akiba bond this year as part of its continuing strategy to promote savings culture and deepen financial inclusion.
Regulation,Tax & Compliance
09/08/2020
World Bank names new director for East Africa office
The World Bank expects Kenya’s economic growth at 1.5 percent this year, from 5.4 percent in 2019, and contraction of 1.5 percent in the worst-case scenario under the impact of coronavirus.
09/08/2020
Matona saw his suspension as Eskom CEO coming, Zondo hears
The former CEO detailed how a newly appointed board moved for his suspension despite his ‘wealth of experience’.
09/08/2020
African Bank Shareholders Agree to Support Fund-Raising Efforts
The lender was bailed out by the industry and its shareholders including the South African Reserve Bank, the Government Employees Pension Fund and the nation’s six largest lenders.
09/08/2020
Sh3.3trn bulk cash transfers signal business activity uptick
Instructions by businesses and high-net worth individuals to banks to transfer cash in their accounts increased 13.52 percent to 454,281 transactions in July compared with a month earlier — the highest volume in a year.
09/07/2020
Akinwumi Adesina gets second five year term at AfDB
AfDB President survived several accusations including breaches of the bank’s code of ethics
09/06/2020
SA business groups reach consensus on Covid-19 recovery plan
In particular, it's been highlighted that organised business was, for the first time, presenting common policy positions.
09/06/2020
FUGAZ Banks suffer N1.9 trillion in CRR Debits in Q2
In total, the CBN now holds a total of N6.57 trillion in CRR debits from the nation’s top 5 banks
09/04/2020
Top banks protest CBK freeze of new loan interest rates
The bureaucratic gridlock and a lower CBR is partly the reason average lending rates dropped to 11.89 per cent in June – a record low since 1991 when the CBK started making the data public.
09/04/2020
Kenya Is Africa’s Easiest Target For Cyber Attackers
Nevertheless, a new study by Kaspersky suggests that Kenya is now Africa’s easiest target for cyber gangs.
09/04/2020
Ghana planning central bank-issued digital currency
Ghana is one of several African nations to explore blockchain technology, which many see as a method of leapfrogging traditional financial infrastructure and modernising access to banking products in developing nations.
09/04/2020
CIBN 13th Annual Bankers Conference To Focus On Facilitating A Sustainable Future
The conference will feature over 2,500 participants, across the globe who are expected to participate virtually, with the Governor of The CBN, Mr. Godwin Emefiele, CON, FCIB as Chief Host and President and Chairman of Council CIBN, Mr. Bayo Olugbemi as H
09/04/2020
South Africa is running out of options, bank warns
The background to this view simple: the economic impact of Covid-19 has been, and will continue to be severe.
09/04/2020
Top banks protest CBK freeze of new loan interest rates
Getting approval is a nightmare. CBK has taken a more customer protection approach as opposed to the industry needs.
09/03/2020
EU and Germany join efforts to support the African Union's response to coronavirus
This specific consignment will be able to reach a large number of countries as it will support the African Union continental response
09/03/2020
Treasury seeks Sh50bn in September bond sale
This is the second three-tenor bond issue to be laid out by the government in the current fiscal year, following a similar sale in July.
09/03/2020
Adamawa Board seeks approval for N7, 000 monthly pension implementation
The Executive Chairman of the board, Mr. Thomas Madi, said while receiving members of the Adamawa State House of Assembly Standing Committee on Public Petition & Electoral Matters, that pensioners were anxious for the new rate to take effect.
09/02/2020
SA court considers the meaning of frivolous, vexatious and without merit in setting aside a derivative action
A company that has been served with such a demand may apply, within 15 business days, to court to set aside the demand only on the grounds that it is frivolous, vexatious or without merit.
09/02/2020
Banks rush to comply with deposit box rules
Safe deposit boxes offer clients the possibility to store items such as jewels, art or any other valuables in a private and highly secure bank vault.
09/02/2020
Akinwunmi Adesina sworn-in for second term as AfDB President
Adesina was re-elected on August 27 to serve a second five-year term.