09/25/2019
Moyo at the end of July successfully challenged the insurer’s decision to dismiss him, and has also filed an application to hold the company and its directors in contempt of court.
09/25/2019
With $500m worth of sukuks issued in Africa over the past year, Moody’s points out that the continent accounts for only 0.5% of the world’s sukuks in circulation
09/24/2019
The rule exerts pressure on lenders, which are likely to, in turn, react to minimise the possible risks that may come along with.
09/24/2019
Either the ex-president had a fabulous genie that has managed to splendidly hide all that wealth, or there is none, or something.
09/24/2019
The Bank of Tanzania (BoT) said in a statement the fines were imposed “for failure to conduct proper customer due diligence and file suspicious transaction reports to the (state-run) Financial Intelligence Unit (FIU).”
09/24/2019
With the underlying “leaving no-one behind” principle, the Sustainable Development Goals (SDGs) are universal and indivisible
09/24/2019
The Principles align with Standard Bank’s purpose: to drive Africa’s growth and uplift her people by doing business the right way.
09/23/2019
Tax compliance services provided to employees—at the cost of the employer—will be subject to value added tax by the employer if supplied to the employees in the course of business.
09/23/2019
Under the draft regulations published for public review last week
09/23/2019
The Bank of Tanzania has imposed monetary penalties on five banks for breach of regulations 17, 22 and 28 of the Anti-Money Laundering Regulations
09/20/2019
Standards of service are also a factor of growing concern. More than half of managers say that they consider service levels to be extremely important, and that may influence a change of jurisdiction.
09/19/2019
State prosecutor Catherine Mwaniki had urged the court to order a status quo by directing the companies whose accounts had been frozen not to remove the monies therein.
09/19/2019
The MPs debating the bill said they are opposed to repealing interest rate caps.
09/19/2019
The statement further stated that the new charges would be in addition to existing charges on withdrawal effective from September 18, 2019.
09/19/2019
South Africa’s inflation outlook has been relatively benign, with price rises well within the SARB’s 3%-6% target range.
09/19/2019
The agency banking service is part of the bank’s strategic plan to expand its reach in Ghana without the need to open brick and mortar branches.
09/18/2019
The port’s expansion comprises the construction, operation and maintenance of a new 500 metre-long main berth
09/18/2019
After months of public fighting that have knocked Old Mutual’s reputation, Manuel said during a press conference last week that “difficulty” arises when a board could be overturned “by a single individual who happens to wear a robe
09/18/2019
The upper legislative chamber also directed its banking committee to investigate the deduction in comparison with what obtained in other countries.
09/17/2019
Currently, there are fifty-two cases in various courts of the country, 50 of which have been assigned to specific judges or courts.