07/06/2020
T-bill sale oversubscribed in first auction of new year
Rates all fell though as a result of the high demand.
Regulation,Tax & Compliance
07/05/2020
Citi Execs Evaluate Morocco’s Economic Outlook Post-COVID-19
A two-day webinar shed light on the economic challenges and outlooks of countries in the Europe, Middle East, and Africa (EMEA) region, in the pandemic context.
07/03/2020
SoftBank-Backed OPay Pauses Ride-Hailing, Logistics Services In Nigeria
OPay is backed by SoftBank and China’s Meituan Dianping.
07/03/2020
How will cybersecurity help your business comply with the POPI Act?
But for businesses this is a completely different story, dealing with people’s sensitive information requires a company to have proper security measures in place to protect that data
07/03/2020
South African Rand: SA in Unsustainable Debt Trap says Investec
In a note to clients out on July 02, Bishop says the South African economy and its currency will continue to lag this year and in the next few years due to a series of recent credit rating downgrades.
07/03/2020
Companies Are Delisting From Africa’s Largest Stock Exchange
Major investment holding companies here and there—like the PSG Group and African Rainbow Capital—have little to no option than to trade on JSE
07/03/2020
Ethiopia: African Development Fund approves $165 million grant for national COVID-19 emergency response
The grant, awarded from the country’s ADF-15 Performance-Based Allocation, will help bolster Ethiopia’s COVID-19 National Emergency Response Plan (NERP)
07/03/2020
AfDB concludes R2 billion investment in SDG bonds issued by Nedbank SA
The investment also promotes financial inclusion for underserved segments of the populace, such as women and rural dwellers, and will lead to around R2 billion ($116 million) in new SME loans over the next five years.
07/03/2020
Adesina Probe: US Treasury Secretary praises AFDB’s decision on independent review
The AFDB said it supported an internal investigation that cleared Adesina.
07/02/2020
Barclays granted South Africa private banking licence
We consider South Africa and the wider African continent to be an exciting growth market for the Private Bank."
07/02/2020
Mauritius Government Further Strengthens Laws on Money Laundering and Financing of Terrorism
In relation to the Companies Act, changes are proposed in order to reinforce the concept of beneficial ownership, including identification and record keeping.
07/02/2020
Kenya to benefit from Ksh 1B African Development Fund grant
The funds will be used to bolster health systems and disease surveillance, enhance infection prevention and control, and improve regional coordination by the East African Community (EAC) and the Intergovernmental Authority on Development (IGAD) to contain
07/02/2020
Big S.African insurers face $232 mln in claims from 500 virus-hit firms
They are firms in the hospitality and tourism industry now on the cusp of closure after virus restrictions bought their businesses to a standstill.
07/02/2020
Senate summons Zainab Ahmed, Emefiele, others over cross-border tax evasion
The heads of the Nigerian Financial Intelligence Unit (NFIU); the Nigerian Export-Import Bank (NEXIM); Nigerian National Petroleum Corporation (NNPC) among other relevant institutions were also invited.
07/02/2020
Ready, set, protect! Is your workplace ready for POPIA?
Employers must also be aware that employees have the right to submit a complaint to the Information Regulator and to institute civil proceedings in respect of an alleged interference with the protection of their personal information.
07/02/2020
Equity bank halts expansion plans
“Our expansion is in two ways; horizontal and vertical. We have opted for vertical expansion where you deepen and then scale up your market share in the countries you are operating in,” Mr Mwangi told The EastAfrican.
07/01/2020
Tatu City, Absa Bank sign mortgage financing deal
Tatu City head of residential sales Beatrice Njeri said the partnership is aimed at making home ownership accessible to all income earners.
07/01/2020
African countries make headway in tackling tax evasion and money laundering, report says
It provides comparable tax transparency statistics to aid decision makers to address illicit fund flows.
07/01/2020
Conduct standard on net asset valuation calculation and pricing for CIS portfolios published
The Conduct Standard comes into operation in mid-November 2020, six months after the date of publication, allowing a transitional period for Mancos to ensure compliance with the Conduct Standard.
07/01/2020
South Africa not winning the fight against corruption, yet - NPA boss Shamila Batohi
DA MP Glynnis Breytenbach questioned whether there were enough investigators and prosecutors.