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.
Regulation,Tax & Compliance
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.
09/02/2020
Kenya in Talks With World Bank for Budget-Support Loan
The government will spend the money on subsidized agricultural inputs, affordable housing and improving transparency in public financial management, the lender said at the time.
09/02/2020
African Development Bank Group Inaugration Speech Dr. Akinwumi A. Adesina September 1, 2020
I am grateful for the opportunity to serve Africa passionately
09/02/2020
Access bank urges Nigerians to embrace digital banking to prevent COVID-19 spike
Nwosu, who was represented by the traditional Prime Minister of Awka Kingdom, High Chief Benjamin Okoye, urged the bank to continue to contribute to the development of the host community.
09/02/2020
African leaders reaffirm support for African Development Bank as President Adesina begins second term
The meetings were held virtually due to the restrictions imposed by the COVID-19 outbreak
09/02/2020
Highlights of the Mauritius Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) (Miscellaneous Provisions) Act 2020
Companies registered in Mauritius were already required to disclose information on their beneficial owners
09/01/2020
State starts takeover of idle Sh26bn shares
The authority had given owners of the over 800 million shares up to end of August to claim ownership of the stocks.
09/01/2020
Nigeria sets capital rules for mobile money licences
The central bank said in its circular that it could ask payment banks to recapitalise for specific risks.
08/31/2020
Futuregrowth in fresh battle over new JSE rules on R3-trillion bond market
Futuregrowth says it will approach the Treasury to amend the Financial Markets Act
08/31/2020
FAAN staff protest against contributory pension, concession of airports
DAILY POST reports that the Federal Government had commenced the concession process for four new International Airport Terminals selected across the country.
08/28/2020
South Africa’s Central Bank Expects Economy to Shrink 40.1%
Minister projects Nigerian economy slipping into recession Q3
08/28/2020
CBK to determine bank dividend payouts in new rules
“The regulator now requires that if we are to pay dividends this year, we get approval from CBK on the size of payouts. The boards of banks intending to pay dividends will really have to justify the decision.”
08/28/2020
Treasury admits to propping up of shilling
This is to avoid further drop against the dollar