02/17/2021
“The formulation of this strategy has been on a background of public debt stock fast approaching the statutory ceiling of Sh9 trillion set out in the Public Finance Management Act, 2012,” Treasury officials wrote in the debt strategy paper fo
02/17/2021
Global Interjapan (Kenya) Limited engaged in fraudulent practices during a tender for the Bank-financed Small Scale Irrigation and Value Addition Project in Kenya
02/17/2021
Parties may additionally elect to include certain non-ISDA documents as Protocol Covered Documents
02/16/2021
According to the regulator, Central Bank of Kenya CRBs, “seek to enhance consumer protection for borrowers, expand the sources of information and ensure the sustainability of the credit information sharing as a key tool to bridge the information gap
02/16/2021
Justice Tuiyott knocked out Sh35.5 million on account of profit initially awarded to Mr Ndung’u by the arbitrator. The judge also reduced special damages by Sh661,430 and aggravated damages of Sh2.7 million.
02/14/2021
Debtors as Threat to Financial System
That was why the bank then was a dominant player in the retail segment of the industry.
02/12/2021
Financial institutions in Cameroon, Democratic Republic of Congo, Kenya, Rwanda, Tanzania and Uganda are signing on to the program
02/12/2021
Financial institutions in Mauritius and around the world are under increased pressure by both national and international compliance regulators to implement extensive due-diligence processes.
02/11/2021
The risks, it said, include loss of investments, money laundering, terrorism financing, illicit fund flows and criminal activities.
02/11/2021
The lender says Uchumi has been in default of its facility for close to four years, terming it a huge concern to both the bank and its regulators given the negative impact it has on its depositors’ funds.
02/11/2021
The group estimates that the South African economy grew by 5.5% in Q4 2020 following the 66% q/q annualized rebound in Q3.
02/11/2021
This inability to curb expenditure does not stand Kenya in good stead, especially in the eyes of international financiers to whom the country has turned for support in the past one year.
02/11/2021
The 19 individuals and one company impacted were prominently involved in the largely leaderless demonstrations that began in October and swept through Africa’s most populous nation for several weeks.
02/10/2021
Commercial banks and microfinance institutions can attest to the benefits of legally backed loaning schemes, especially in an environment where borrowers are pressed by hard economic times.
02/10/2021
The CBN acts of 2007 stated that the bank is the one in charge of monetary matters in Nigeria.
02/09/2021
The agreement was signed by His Excellency Ahmed bin Issa Al Mohannadi, the GTA's President and His Excellency Francois Nkulikiyimfura, Rwanda's Ambassador to Doha, in the presence of His Excellency Ambassador Abdulrahman bin Mohammed Al Dosari,
02/09/2021
In a statement responding to the article, Nedbank said there was nothing unlawful or unusual about its relationship with Regiments, although with hindsight it might have acted differently.
02/09/2021
Regulation 28 essentially limits asset managers’ allocations of retirements savings to certain assets classes.
02/08/2021
The rule also stipulates that a nominee shall not engage in any business or activity except the business of nominee companies described above.
02/08/2021
Last week, the FMDQ OTC futures prices were adjusted higher by an average of N9.81 on the short-end and N14.16 on the long-end of the curve.