08/20/2019
Regulator caps private stake in mortgage firm
Numerous local banks have expressed interest in investing in KMRC, which will offer cheap loans to banks for onward lending to Kenyans.
Regulation,Tax & Compliance
08/20/2019
Prescribed assets: What government could do with your retirement savings
The ANC’s economic policy head said the party is investigating using prescribed assets to avoid an IMF bailout.
08/19/2019
Trevor Manuel refuses to take Peter Moyo back
Representing Old Mutual, Vincent Maleka wanted the court to clarify the interim order by Judge Brian Mashile that Moyo's dismissal was unlawful.
08/19/2019
Uganda planning threefold raise on deposit insurance cover this year
The current Ush3 million ($805) deposit protection ceiling was introduced in the early 1990s under the repealed Financial Institutions Statute of 1993.
08/19/2019
UBA to support SMEs at Lagos trade fair
A statement said the UBA, the headline partner, would be working with the LCCI to provide a veritable platform intended to grow both domestic and international trade.
08/19/2019
NIC, CBA bank merger exempted from paying millions in share sale tax
NIC Group will remain listed, suggesting a transfer of the CBA unquoted shares, which makes them liable for the one percent stamp duty tax.
08/19/2019
São Tomé and Principe sign MoU for Lusophone Compact
The signing ceremony was attended by over 50 participants including representatives of the São Toméan Government, members of the diplomatic corps, financial institutions, private companies and project sponsors, the Compact for São Tom
08/19/2019
Reserve Bank worth its weight in gold, that's why they want to nationalise it
The group’s capital and reserves accumulated to over R20 billion in 2019, while the group’s ratio of capital-to-total-assets increased to a healthy 2.3 percent.
08/19/2019
Fidelity Bank signs pact to promote open banking
By relying on networks instead of centralisation, open banking helps customers to securely share their financial data with other financial institutions.
08/18/2019
Bank of Ghana revokes licences of 23 Savings and Loans Companies
The statement said in line with the government’s commitment to protect depositors’ funds, the government had made funds available, to enable the Receiver pay depositors after their claims are validated.
08/16/2019
Digital ID in Africa this week: biometric bank cards, birth registrations up, ePassport problems
There are also plenty of small positive stories involving biometrics this week, such as 141 Malian refugee students in Mauritania passing their BAC exams via UNHCR-provided biometric ID and Algerians now being able to apply online and have biometric ID de
08/16/2019
Nigeria & South Africa: time for the frenemies to step up co-operation
The recently signed Africa Continental Trade Agreement (AfCFTA) might also make the agenda as well as the woes of Nigeria’s biggest telecoms operator, South Africa’s MTN, which has struggled with both the central bank and regulators over the l
08/16/2019
New ethics code for accountants: action must be taken on threats straight away - expert
The IESBA is an independent standard-setting body for professional accountants worldwide.
08/16/2019
Reprieve for tycoon as bank accounts freeze suspended
Ms Nzibe noted with concern that the Director of Public Prosecutions (DPP) on August 9, 2019 was directed to file in court an inventory list of the properties attached and bank accounts but as at August 15 had not filed any.
08/15/2019
Namibia follows SA rate cut to boost shrinking economy
The Bank of Namibia’s Monetary Policy Committee reduced the rate to 6.5%
08/15/2019
South Africa’s Public Protector Flagged by HSBC in Connection to Guptas
The bank flagged a payment worth over US$5,000 into Mkhwebane’s account at First National Bank in South Africa in June 2014
08/14/2019
South Africa’s Kganyago Sues After SARB Battle Gets Personal
Governor said he’d fight for the independence of Reserve Bank
08/13/2019
Insurer and PSL head for arbitration
The PSL's main gripe is that the deal with the insurance giant triggers a conflict of interest.
08/13/2019
Insecurity, fraud clog financial inclusion stride
The bank was actually reacting to an enquiry on the supposedly rumour and confirmed that it had started closing down unviable branches, in the wake of bank attacks across the country.
08/13/2019
Botswana to allow citizens do business from home without licences
The president hopes the move will make it easier for Batswana to venture into domestic entrepreneurship as a way of beating unemployment in the country.