08/28/2020
Post-lockdown recovery of private security business
Sector is on the bouncing back following the easing of Covid-19 restrictions in E Africa
Regulation,Tax & Compliance
08/28/2020
Ghana: Revocation of Licences of 9 Banks - Govt Pays All Depositors 95 Percent Depositors of Collapsed Micro Finance Companies Also Paid
Justifying the need for the banking sector clean-up, he said the country's financial sector was very fragile and, therefore, needed such a drastic measure to save it from collapse.
08/28/2020
Ghana: BoG Deserves Commendation for Paying Depositors of Collapsed Banks
Governor of the BoG, Dr Ernest Addison, explained at the time that the central bank had "to take tough but necessary steps to clean up the banking sector and reposition it to support the economic growth and transformation agenda of Ghana".
08/27/2020
2020 Annual Meetings: African Development Bank President Akinwumi Adesina seeks a second term “to serve Africa”
President Adesina asked the Board of Governors to renew their trust in him for the next five years
08/27/2020
Governor Caroline Abel wins Central Bank Governor of the Year Award
resident Danny Faure expressed his heartfelt congratulations to Miss Abel on winning this Award.
08/27/2020
Central Bank of Kenya vindicates Bawumia on mobile money interoperability
The second phase has also allowed the movement of monies between and among telecommunication operators, banks, and e-zwitch accounts in a seamless manner –and the flow is vice versa, to complete the Financial Inclusion Triangle.
08/27/2020
Wealthy Nigerians are buying up passports for cash from Caribbean nations to beat visa rules
With around 40,000 passports believed to have been issued through investment migration programs globally, citizenship by investment is now estimated to be a $3 billion industry.
08/27/2020
Nedbank CEO calls on govt to push structural reforms as banks suffer
All banks that have published financial results for the first six months of 2020 so far have recorded increases in credit impairments.
08/27/2020
Absa’s mystery sale of SA’s largest house
Absa has obtained power of attorney to sell the luxury riverfront home of one of its former executives
08/26/2020
Data breach management 101: why prioritising your incident response plan matters
The Bill imposes a further mandatory obligation to notify the South African Police Service within 72 hours after becoming aware of a cybercrime
08/26/2020
Kenyan Banks Remain Stable Despite Pandemic-Led Growth Slowdown -KBA
The banking industry has walked step by step with clients, restructuring in excess of Sh840 billion (up from Sh360 billion in June), which is a remarkable demonstration of the industry’s ability to anchor the economy over the short to medium term.
08/26/2020
Data protection and the direct marketing dilemma: complying with POPIA and mitigating liability
The most fundamental implication for direct marketing, broadly speaking, is that while the CPA provides rights and remedies for consumers which allows them to “opt-out” of direct marketing
08/26/2020
First National Bank Ghana has added five new contact offices to agency banking.
The additions extend the bank's agency plus partners in Accra, making it possible for more people to access its products and services.
08/26/2020
Jamii Bora renamed, gets new CEO after acquisition by Co-operative Bank
The changes come after Co-op Bank acquired a 90 percent stake in the small lender by injecting in Sh1 billion.
08/26/2020
Emigration to be based on tax residency test from next year
But draft legislation needs more clarification.
08/26/2020
South Sudan seeks $250 million loan from African Exim Bank
It has also approached the International Monetary Fund (IMF) for help, but it’s unclear if that will be successful.
08/26/2020
SA Reserve Bank must be nationalised without compensation to end white capital domination, argues Floyd Shivambu
The radical economic transformation (RET) grouping, and others supporting central bank nationalisation, clinched a last-minute Nasrec win with the resolution on land expropriation without compensation.
08/25/2020
How to avoid the fraudster's snares in property deals
A mistake we commonly make is bypassing expert advice because we do not want to pay consultation fees.
08/25/2020
Hamis Kiggundu's responds to Uganda Bankers Association on reforms
My arguments on the call for banking reforms in Sunday Vision of August 16, 2020 were specifically based on facts
08/24/2020
AfCFTA: Zenith Bank CEO Seeks Funding for SMEs, Infrastructure
Onyeagwu warned that the expected benefits of AfCFTA could elude the continent if SMEs are not adequately funded and encouraged to grow through the provision of concessionary long-term funds to build capacity.