03/19/2025
Kenya approves plan for saccos to issue own cheques, cut bank loans
Failure to access the national payments system and the clearing house has seen Saccos form partnership with banks to enable them to offer these services at a cost
Regulation,Tax & Compliance
03/18/2025
Ajayi: The Liberalisation of Exchange Rate Has Improved Access to Dollars
He made this statement at an exclusive Economic Forum organised by RMB Nigeria, where business leaders, policymakers, and financial experts gathered to address the complexities of Nigeria’s reform landscape.
03/18/2025
The South African Reserve Bank has recently published a draft activity-based authorisation framework for participants (banks and non-banks) in the national payment system
It is noteworthy that the persons who conduct TPPP Payment Activities will be exempt from several significant requirements of the Draft Directive.
03/17/2025
How much the rand should be worth
The South African currency’s unpredictability also scares away many risk-averse foreign investors who prefer certainty over potentially high returns.
03/17/2025
South African Reserve Bank to Pause Rate-Cutting Cycle, Resume in May Reuters Poll
Rates are expected to fall 25 basis points to 7.25% in May and then remain there for the rest of this year, poll medians showed.
03/14/2025
SIGA Director-General to ensure CEOs comply with Assets Declaration Law – President
The law aims to prevent corruption, detect illicit enrichment, and address conflicts of interest by requiring public officials to disclose their assets and liabilities.
03/14/2025
Finance minister, NNPCL, others review naira-for-crude policy
Representatives from Dangote Refinery and NNPC Refineries also provided updates on local refineries.
03/12/2025
Absa CEO says SA needs policy certainty for growth
The budget needs to take steps to reduce debt and wasteful expenditure, and show responsible fiscal management: Charles Russon.
03/11/2025
Court reverses Bank of Ghana’s revocation of Ideal Finance’s licence
The Bank of Ghana had revoked Ideal Finance’s licence as part of its comprehensive financial sector cleanup initiative, citing insolvency and poor governance as the primary reasons for its action.
03/10/2025
NHI another step closer to reality
As per the regulations, the Department of Health will need to attract the widest pool of candidates with skill sets and diverse backgrounds for the NHI board.
03/10/2025
Spur confident of defending multi-million-rand damages claim
Has therefore not provided for any liability
03/10/2025
Cabinet approves 2025 Budget
Mr Ofosu said President Mahama had taken some measures to reduce non-essential government expenditure, such as the reduction in the size of governments.
03/07/2025
Major South African bank could exit the UK
The Supreme Court refused to let the Treasury intervene in the court case, dealing a blow to Chancellor Rachel Reeves, who had sought to argue that the suit was hindering Britain’s regulatory environment.
03/07/2025
Ramaphosa sends a warning to South Africa’s richest city
Africa’s richest urban centre has experienced years of mismanagement, with power changing hands between shifting coalitions.
03/07/2025
Foreign pensions now under attack from Sars
The tax proposal that could drive skilled professionals and retirees away.
03/06/2025
South African banks shutting down ATMs
The bank stopped reporting its own and partner ATMs separately from its 2023 annual results.
03/05/2025
The Ecobank Group expands its gender-financing offer
The programme is being extended from new and existing Commercial Banking customers to include new and existing Consumer Banking
03/03/2025
At 7.76% YtD, Banking Index Outperforms Others Amid Sector’s Recapitalisation
The likes of Zenith Bank Plc, Access Holdings Plc, FCMB Group Plc, Fidelity Bank Plc have successfully raised capital.
03/03/2025
Standard Bank warning to South Africans who use their phones and social media
The app falsely claims connections with Standard Bank, SBG Securities, and other related platforms, including SBG Securities Online Share Trading.
02/28/2025
FG Approves N758bn FGN Bond to Fully Offset Outstanding Pension Liabilities Under CPS
The PenCom director-general stated that going forward, accrued pension rights will be included in the monthly personnel cost general warrant, to ensure automatic and timely payments.