04/15/2020
Mauritius based funds eligible for registration as Category I FPI
Mauritius based funds eligible for registration as Category I Foreign Portfolio Investor (FPI) with Securities and Exchange Board of India (SEBI)
Regulation,Tax & Compliance
04/15/2020
Sanlam commits Ksh8M to flatten Covid-19 curve in Kenya
Sanlam Kenya Group Chief Executive Officer Dr Patrick Tumbo, said the firms are highly conscious of the fact that the prevailing situation is totally unprecedented and that the country has found itself needing to deal with a large-scale health and social
04/15/2020
IMF warns ‘vulnerabilities high’ in the Middle East hit with dual shock of coronavirus and oil plunge
That’s worse than the Fund’s forecast for the world economy, which is expected to contract by 3% this year.
04/15/2020
Mauritius: Competition Commission clarifies application of competition law rules during the Coronavirus (COVID-19) crisis
According to the CCM, the Act also does not prevent suppliers from setting maximum prices for their products with a view to limit unjustified price increases at retail level.
04/15/2020
African Sovereign Wealth and Pension Funds United in Fight Against COVID-19 in Africa
The Covid-19 shock will squeeze fiscal space in the continent, as deficits are estimated to widen by 3.5 to 4.9 percentage points, increasing Africa’s financing gap by an additional $110 to $154 billion in 2020.
04/14/2020
India’s Central Government specifies Mauritius as an eligible country for “Category 1 foreign portfolio investor”
This initiative further strengthens the investment flow into India from Mauritius as a preferred route for investors with its robust and credible International Finance Centre.
04/14/2020
Ex-CBK governor calls for cuts in utilities, food cost
The CBK will face a fresh test when it holds its monetary policy meeting at the end of this month as the economy continues to be battered by the Covid-19 pandemic.
04/14/2020
Arab Africa Trade Bridges (AATB) Program Outlines Actions to Support Developing Countries Cope with the COVID-19 Crisis
Initiatives focusing on pharmaceuticals and healthcare and other value-added sectors such as agriculture and textiles to take precedence
04/14/2020
Pandemic loosens Central Bank of Kenya's grip on shilling
The attack on the shilling by a highly contagious viral disease has blighted major financial markets and plunged the global economy into a recession
04/13/2020
CBK orders banks’ chiefs succession plan over coronavirus fears
CBK had given banks up to Monday this week to provide the succession plan as part of contingency measures that would ensure banks operate at near normal levels amid the spread of coronavirus.
04/13/2020
Africa needs a Marshall plan to ride out Covid-19 crisis; prepare for uncertain times
Africa is in the path of a fast-approaching storm with indications pointing to the pandemic hanging over the continent in slow devastation not dissimilar to the way Hurricane Dorian ravaged Abaco Island in the Bahamas last year.
04/13/2020
SAFTU says Wealth Tax on the rich should be passed
SAFTU called their gesture a ‘guilt feeling pressure’ stating they were earning an absurdly high salary, while workers are taking home a typically and unjust proportion of income.
04/13/2020
NGOs call for reopening of banks
ll banks should provide at all entry and exit points hand sanitiser that has at least 60% alcohol.
04/13/2020
Ecobank commends health workers in fight against COVID-19
They unrelentingly ensure citizens are cared for and that the hospitals are up and running despite the high risk to their individual health – we appreciate you.
04/13/2020
FirstRand bosses respond to president’s call, pledge 30% of salaries to Covid-19 relief fund
The money will go into the Solidarity Response Fund that has been set up to fight the coronavirus pandemic.
04/13/2020
Africa.com Convenes Top African Business Leaders with Harvard Business School Faculty to Respond to COVID-19
The four-part webinar series starts on April 15 and will feature panel discussions led by the Harvard faculty, in conversation with leading African business leaders including:
04/12/2020
CBK halts Absa forex trading for one week
Absa Kenya is required to... reverse the market positions that were created as a result of the flagged transactions.”
04/09/2020
Commodities Markets and Coffee Exchange Regulations gazetted
The regulations give effect to Section 12(1) (ka) of the Capital Markets Act on regulation of commodity exchanges.
04/09/2020
Cardano Supports South African Bockchain Alliance
Cardano have previously made inroads into the African continent through educational partnerships and the Foundation believe this association with SANBA will provide a “…renewed focus on Africa [and] represents a step towards building economic
04/08/2020
Unpacking proposed tax amendments in the Budget
It is thus proposed that the CFC legislation be amended to limit the dividend exemption available to a resident individual or trust relating to the accrual or receipt of dividends from a resident company to a CFC.