07/28/2020
Old Mutual to Move Zimbabwe Listing as Currency War Escalates
Another meeting is scheduled for next week to resolve administrative issues and discuss the finer details, the people said.
Regulation,Tax & Compliance
07/27/2020
Bank of Mauritius joins the Network of Central Banks and Supervisors for Greening the Financial System
Reflecting on this new membership, Governor Harvesh Seegolam stated: “In line with the United Nations Sustainable Development Goals
07/27/2020
Stanbic restructures Sh1bn car loans as Covid-19 bites
The restructured car loans make up about 6.6 percent of Stanbic’s Sh15.15 billion vehicle and asset financing loan book segment.
07/27/2020
Steinhoff proposes R16.5 billion settlement to resolve 90 claims against it
"The proposed settlement terms being announced today are the culmination of 12 months of intensive effort," said Steinhoff's CEO, Louis du Preez, in a statement.
07/26/2020
African Development Bank approves $53 million multi-country grant for COVID-19 response in Gambia, Liberia and Sierra Leone
The grant from the African Development Fund aims to mitigate the impact of COVID-19 in The Gambia, Liberia and Sierra Leone
07/26/2020
Rwanda: African Development Bank commits $98 million for multisector COVID-19 response
The funding will take the form of an African Development Fund loan, which the Bank is providing the under its COVID-19 Response Facility
07/26/2020
Djibouti: African Development Fund commits $41.16 million in grants to shore up COVID-19 response
The funding will take the form of an African Development Fund grant for $4.12 million and a $37.04 million grant from the Bank’s Regional Operations Envelope
07/24/2020
Life under COVID-19 for China and Africa – FBNQuest
Tejinder Singh, noted a move in financing away from the sovereign obligor structure over the past 18 months (and so pre-COVID). African governments had become increasingly reluctant to issue guarantees.
07/24/2020
African Development Fund approves UA100.4 million multi-country Covid-19 Response Support for Malawi, Madagascar, Mozambique and Sao Tome
The package will support the national actions of the four countries in mitigating the impact of COVID-19, with the overall objective of protecting lives and livelihoods
07/24/2020
Mismanagement of depositors’ funds resulted in banking cleanup
“Let no one stand on the staple and proclaim untruths and let mature Ghanaians be quick to listen,slow to speak and slow to angry.”
07/24/2020
Kenya’s central bank looks to regulate digital lenders
Currently, there is no legal framework in place governing digital borrowing platforms and other digital financial products and services.
07/23/2020
Should I file a complaint against my wealth manager with the FSCA?
Steps to take before approaching the regulator.
07/23/2020
Shilling falls to new record low in scramble for dollar
The shilling stood at 106.66 against the dollar ahead of Mr Kenyatta’s announcement.
07/23/2020
Paul Perrier: Fundkiss aims to democratise the SME financing landscape in Mauritius
The focus of banks in Mauritius over the past decade has been on global businesses and large corporates.
07/23/2020
Plan to allow South African workers' pensions to back state assets raises concerns
The government is seeking access to capital to help fund state-owned enterprises and infrastructure projects
07/23/2020
Uganda: Sale of Orient Bank Awaits Bou Approval
Business Daily on July 20 reported that I&M Bank is likely to spend more than Shs2b in acquiring Orient Bank Ltd.
07/22/2020
African Development Bank agrees $400 million loan for Mozambique LNG
The project will consist of two LNG trains with a total capacity of around 13 million tons per year.
07/22/2020
Standard Bank SA boss, Lungisa Fuzile, on leadership in South Africa right now
Everyone is beginning to grapple with the challenge we now face in the best possible way.”
07/22/2020
African Fund Managers Look For Governance In New Markets
Asset managers in Nigeria and the francophone West African countries are the most optimistic about prospects for Africa’s economies.
07/22/2020
Ghana: Fidelity Bank, Prudential Life Insurance Extend Bancassurance Deal
She further commented that "the extended partnership incorporates technological innovations that are in line with Fidelity's digital transformation agenda in order to provide added value and convenience to our customers".