06/24/2020

The rich, firms face KRA auction over Sh250bn taxes

All taxpayers with outstanding tax liabilities and have not paid or entered payment plans to do so by 20th of June 2020, failure to which appropriate enforcement measures will be instituted against the outstanding debt.

06/24/2020

High liquidity seen holding policy rate

Normally, high liquidity in the market would see a push for some tightening, either in the base rate or raising the cash reserve ratio for banks.

06/24/2020

S. Africa releases annual bank-related crime stats

The overall gross losses on card transactions in South Africa amounted to 428.6 million rand (24.8 million U.S. dollars), which is a 2 percent decrease compared to the previous year, said Mewalall.

06/24/2020

Kenya proposes CMA to regulate private equity firms

The firms through their lobby group, the East Africa Private Equity and Venture Capital Association (EAVCA), are opposed to the proposal to be regulated by the CMA on the basis that it will amount to "overregulation" given that pension schemes a

06/21/2020

Bank of Baroda closes subsidiary in Ghana

The closure of overseas bank branches is part of government''s plan to rationalise and streamline operations under the reforms agenda for the banking sector approved in 2017 under the then finance minister Arun Jaitley.