08/06/2019
Massive banking strike planned for South Africa
South African lenders are cutting jobs as they seek ways to lower costs and contend with slow economic growth and fresh competition
Regulation,Tax & Compliance
08/06/2019
Nedbank pledges US$140m support
Nedbank Zimbabwe also has a US$15 million tobacco pre and post-shipment facility, a US$15 million Nedbank group tobacco pre and post-shipment and a US$35 million facility for letters of credit for facilitation of imports of strategic commodities.
08/05/2019
Africa demands taxing rights on digital economy
Further, tax administrations have been challenged to invest in retraining their tax officers to equip them with the necessary tools to address the challenges of digitalisation as well as tackling other tax issues such as taxing the informal sector, extrac
08/05/2019
Stanbic management, employees ink wage deal
This agreement comes after Stanbic advanced its employees $1 000 in allowances to avert a strike mid last month
08/05/2019
Global sukuk issuances up 5.5% in 2018
The steady issuance volume is due to sovereign sukuk issuances from Asia, GCC countries and Africa
08/05/2019
African regulators set to tighten up on mobile money
Although mobile operators had talked about creating a money transfer service for a while, it was wasn’t until Safaricom introduced M-Pesa that talk turned into action.
08/05/2019
Nigeria: Heritage Bank, Afreximbank, Zamfara Sign $1bn MOU On Agric, Solid Minerals
He said this bold initiative would help unlock massive opportunities inherent in solid minerals and support efforts on local content promotion, facilitate industrial development and export development.
08/04/2019
How Islamic Banking will operate in Uganda
Parties to any transaction in this banking system are obliged to conduct their business affairs, with a focus on what is permissible and lawful under Sharia law.
08/02/2019
Nigeria: Access Bank, GE Partner to Reduce Healthcare Delivery Cost
"This partnership will help healthcare providers to get loans and invest immediately.
08/02/2019
'Old Mutual has accused Moyo of wrongfully pocketing dividends from NMT Group'
Moyo was fired in June for alleged misconduct owing to the conflict of interests in his NMT Group.
08/01/2019
Sasfin Bank Sanctioned for Non-Compliance
"It should be noted that the administrative sanctions were not imposed because Sasfin Bank was found to have facilitated transactions involving money laundering or the financing of terrorism," said the SARB.
08/01/2019
BoG commends CBG for delivering strong banking service
At the initial stage, there were challenges and doubts but under good management, the story is positive now.
08/01/2019
In East Africa, regulators at a crossroads over falling share prices
A study carried out by the Capital Markets Authority of Kenya whose findings were released last year shows that there is emerging stiff competition from quick return vehicles including real estate, mobile money products and sports gambling.
08/01/2019
Three firms admitted to CMA Regulatory sandbox
Innova Limited has been approved to test its cloud-based data analytics platform designed for use by investors, fund managers, custodian banks, actuaries, pension administrators and regulators.
08/01/2019
Kenya’s CMA admits three fintechs to regulatory sandbox
A third fintech firm admitted has elected to remain anonymous, during its three months test period, except to its closed group of test subjects, an option provided by the company to the authority, the CMA said.
07/31/2019
South Africa's ANC says central bank nationalization won't affect mandate
Party officials on Tuesday sought to emphasize that they would tread carefully after SARB Governor Lesetja Kganyago said last week that a debate over ownership of the central bank was increasing investor uncertainty and fuelling the risk premium attached
07/31/2019
Nigeria's Central Bank Awards Financial Services Licence to MTN Subsidiary
MTN Nigeria’s CEO Ferdi Moolman said on Monday its Yello Digital Financial Services Limited (YDFS) unit had been granted a “full super-agent” licence by the Central Bank of Nigeria.
07/31/2019
In East Africa, regulators at a crossroads over falling share prices
A study carried out by the Capital Markets Authority of Kenya whose findings were released last year shows that there is emerging stiff competition from quick return vehicles including real estate, mobile money products and sports gambling.
07/31/2019
Abu Dhabi Global Market, CMA establish cooperation in sustainable finance
The MOU provides a framework for CMA and FSRA to exchange information pertinent to products, services and initiatives as well as to develop legislative, regulatory and institutional frameworks to enable the two sides to facilitate and support sustainable
07/30/2019
Access Bank, DIFC woo firms for offshore business
“What the DIFC provides is another alternative and it is one that has been there for 15 years on and they have demonstrated that they are world class and can compete with the best economic zones anywhere in the world,” he stated.