04/17/2020
Nigeria urges 'appropriate' debt solutions for middle-income countries
Many African countries have also been hit by a slowdown in remittances from citizens living overseas, a sharp outflow of capital and a collapse in commodity prices.
Regulation,Tax & Compliance
04/17/2020
Keeping up with the CEOs amid Covid-19: African Bank
Basani Maluleke says staff have shown discipline and empathy in dealing with customers during these confusing and possibly financially strained times.
04/17/2020
Nedbank takes R5bn market cap knock
As a result, shareholders are advised that Nedbank Group’s 2020 financial guidance, as provided in our annual results announcement has been withdrawn and our medium and long-term targets are under review.
04/16/2020
Mauritius welcomes new relaxed norms for FPIs
Under the new regulation, even the unregulated funds whose investment manager is appropriately regulated and registered as a Category-I FPIs can operate from India if their investment managers take the responsibility for all commissions or omissions of su
04/16/2020
COVID-19: Zenith Bank supports Trust Fund with GH¢1million
These unprecedented times require every segment of the society to contribute their quota to support government’s efforts towards mitigating the impact of the Coronavirus”.
04/16/2020
How the banking industry can survive virus pandemic
It is important to note that despite the significant drop, the import cover (as at April 9th 2020) s8ll remained above CBK’s statutory requirement of at least 4 months of import cover.
04/16/2020
Further interest rate cut on the horizon as coronavirus pummels SA economy
The National Treasury will have to re-prioritise state funds in the coming weeks, we believe, to include more funding directed at social welfare grants, and will likely increase local bond issuance by even more than our previously projected 35–40%.&
04/16/2020
Uganda lowers central bank rate
There are signs of a global economic decline prompting financial bailout packages.
04/16/2020
African Development Bank’s Sustainable Energy Fund for Africa (SEFA) grants $760,000 to develop small-scale renewable energy projects across Sub Saharan Africa
Through its Empower Invest fund, EmNEW invests in small and medium-scale renewable energy projects in Africa
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)
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.