05/27/2020
U.S. Treasury Pressure Leads to New Probe of African Development Bank Chief
Adesina didn’t immediately respond to an emailed request sent after regular business hours seeking comment, while a call to his mobile phone didn’t connect.
Regulation,Tax & Compliance
05/27/2020
Senegal tears up its double tax treaty with Mauritius
Before the covid-19 pandemic, Mauritius was ranked the second fastest-growing wealth market, beaten only by China.
05/27/2020
Stephen Koseff calls for JSE rule change to allow companies to quickly raise cash in times of crisis
Former Investec CEO says local equity markets has been closed during current crisis on account of rules that require shareholder approval to issue shares
05/26/2020
FinSwitch selects FNZ to provide blockchain technology to South African investment industry
The partnership will enable trading, reconciliations, account opening, pricing, transfers, sharing of instrument data, regulatory reporting, and more for FinSwitch clients.
05/26/2020
Relook new CRB regulation on banks
The regulation is an attempt to unlock credit to hard hit firms and individuals impacted by the coronavirus pandemic.
05/26/2020
US Treasury secretary demands independent probe of African Development Bank head
The intervention by the Treasury, the AfDB’s biggest non-African shareholder, comes two weeks after the ethics committee found no evidence to support allegations of favouritism by Adesina.
05/26/2020
Debt headache worsens as payments forecast to cross Sh1 trillion mark
Treasury chiefs project in the medium-term Budget Estimates that expenditure on servicing the country's rising debt will top Sh1.023 trillion in the year ending June 2022 from Sh904.7 billion next financial year starting July 2020.
05/26/2020
Regulatory Compliance Amidst Rising FinTechs in Ghana
FinTechs seek to harness the rapid growth in technology to transform the global financial ecosystem.
05/26/2020
Relook new CRB regulation on banks
Mervyn King uses this illustration to explain that in recent years central banks have been able to influence the path of the economy without making large moves.
05/25/2020
Fines: NSE makes over N154 million from banks, others
About 30 firms were fined for unauthorised publications, non-disclosure of material information, failure to file their financial statements by the due date.
05/25/2020
Africa and EU: A strengthening partnership - European Union’s new Africa strategy amidst COVID-19 uncertainty
The EU and Africa have partnered on addressing Africa's access to power for some time
05/22/2020
Going Private Transactions During Covid-19
The Courts in all of the jurisdictions above have proactively moved towards virtual hearings to facilitate the continued conduct of Court business.
05/22/2020
Equity restructures Sh92bn loans in Covid-19 soft landing
World Bank expects Kenya’s economic growth to slow down to 1.5 per cent this year, and contract by one per cent in the worst case.
05/22/2020
Investec calls for an acceleration of lockdown easing
Wainwright said even without Covid-19, the group's profits from continuing operations would have been down 10% because of the recessionary impact in SA and Brexit uncertainty in the UK.
05/22/2020
West African Development Bank selects Wolters Kluwer’s OneSumX software for risk management
BOAD selected Wolters Kluwer as its integrated approach to risk management was consistent with its needs and enables balance sheet modeling, stress tests, dynamic financial planning and offers advanced reporting capabilities in more than all the indicator
05/22/2020
FNB ramps up forensic processes with crime-fighting AI
As part of its ongoing efforts to constantly innovate, the big-four bank has rolled out an in-house-developed AI technology to monitor regulatory and financial risks, including tax evasion, money laundering, fraud and insider trading.
05/21/2020
Olugbemi Sworn in as CIBN President
The new CIBN leadership would oversee affairs of the institute for the next two years.
05/21/2020
Regulator temporarily suspends operating licence of Ecsponent Financial Services
In April, Gerhard van Deventer, head of enforcement at the FSCA, told Moneyweb that Ecsponent was under investigation for marketing high-risk preference shares to pensioners.
05/21/2020
EFCC Cautions Public Against Covid-19 Scams
He explained further that there are regulations from Central Bank of Nigeria
05/20/2020
Bridgestone South Africa secures US$21.7 million loan with JBIC
Development bank aims to boost Japan’s competitiveness, connectivity with Africa