08/22/2019
The financial regulator acknowledges that some of the Sh196 billion could be money that Kenyans are using to buy goods and services with some in people’s pockets, but a good chunk of it could also be dirty money that has been kept out of circulation
08/22/2019
They were distributed to departments to guide their preparation for their budget proposals.
08/21/2019
The $ 1 billion fund is intended to help countries adjust to the sudden and significant loss of customs revenue, which is expected to be reduced and in some cases eliminated.
08/21/2019
In May, MTN Nigeria listed in Lagos with a $6.54bn at the time debut that turned it into the Nigerian Stock Exchange’s second-largest stock by market value.
08/21/2019
Speaking at a forum entitled ‘Strengthening Trade and Investment Co-operation within the ACP Framework Kenya-Barbados Private Sector and Other Stakeholders’ at the Lloyd Erskine Sandiford Centre, the Prime Minister suggested Kenya presented my
08/20/2019
According to the Central Bank’s report, GN Savings and Loans transferred $62 million and another 718,000 Pounds Sterling to its sister company in the US without the knowledge of BoG and the Ministry of Finance.
08/20/2019
Numerous local banks have expressed interest in investing in KMRC, which will offer cheap loans to banks for onward lending to Kenyans.
08/20/2019
The ANC’s economic policy head said the party is investigating using prescribed assets to avoid an IMF bailout.
08/19/2019
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
The current Ush3 million ($805) deposit protection ceiling was introduced in the early 1990s under the repealed Financial Institutions Statute of 1993.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
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 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
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
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
By relying on networks instead of centralisation, open banking helps customers to securely share their financial data with other financial institutions.
08/18/2019
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
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
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
The IESBA is an independent standard-setting body for professional accountants worldwide.
08/16/2019
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.