10/22/2019
Eskom accuses Deloitte of 'pure corruption', wants R207m back
“Deloitte was granted contacts when their prices were five times higher than those of their competitors,” Mabuza said.
Regulation,Tax & Compliance
10/22/2019
Nigeria: World Bank Approves $3 Billion Loan For Nigeria's Power Sector
Speaking during a press briefing at the end of the 2019 Annual Meetings of the International Monetary Fund (IMF) and World Bank in Washington DC yesterday, Ahmed said the federal government had put a request for financing of the sector at the range of $1.
10/22/2019
Old Mutual top investor wants end to CEO dispute
Axed Old Mutual CEO Peter Moyo has asked the South African high court to punish the company's current directors with six months' jail time, without the option of a fine, for being in contempt after they refused his court ordered reinstatement.
10/22/2019
Goldman Sees Upside for South African Economy at Rock Bottom
Goldman Sachs seeking primary banking license in South Africa
10/22/2019
AfDB completes its €12.5 mln investment deal for SMEs in Francophone West Africa
With a target of €75 million, the fund's strategy consists of taking minority stakes (between €3 million and €8 million) in dynamic SMEs in countries such as Côte d'Ivoire, Senegal, Burkina Faso, and Mali.
10/22/2019
Africa gets US$75mn trade finance injection from UK DFI
This has decreased the flow of hard currency to African banks that onlend to local businesses to facilitate trade of their goods and services.
10/22/2019
International Monetary Fund endorses Bank of Ghana’s approach to banking sector reforms
The International Monetary Fund (IMF) has commended the Bank of Ghana for taking a bold decision to clean up the banking sector in the country.
10/21/2019
Africans must direct the new scramble for their continent
Led by China,this race to lay hands on resources needs its citizens to play their cards right
10/18/2019
Former Credit Suisse banker kept $45m in bribes hidden in Mozambican loan scheme
Four Mozambican officials also got millions of dollars in kickbacks from Privinvest, and the son of the country's then-president, Armando Guebuza, collected at least $50m in illegal payments, according to Pearse.
10/18/2019
Giving force to Nigeria’s data protection regulation
This was the regulator’s attempt to warn data handlers in the country that it was no longer business as usual as the country now has data protection regulation.
10/18/2019
Emerging trends in pensions sector
The outcome of the convention, held under the theme Emerging Trends in the Pension Industry, was expected to see these executives, who are tasked with the implementation of policies which are now often unpalatable, come up with solutions and adjust to the
10/18/2019
Ethiopia to use funds from partial privatisation to pay down debt
The move will enable the government to recapitalise state-owned enterprises so they can repay borrowings debts issued by lenders
10/18/2019
Wells Fargo Must Offer 66 Jobs to People It Rejected in 2014
Wells Fargo agreed to revise its selection process and train hiring managers to eliminate the discriminatory practices.
10/18/2019
Barclays Bank Ghana is changing to become Absa Bank effective February 2020, here’s why
The Barclays Bank Ghana has announced that it will be changing to become Absa Bank.
10/18/2019
Uhuru rejects retention of rate caps
The law has failed to meet its intended purpose
10/17/2019
KRA to appeal ruling barring DCI probe on tax defaulters
The Kenya Revenue Authority plans to appeal the ruling claiming it is likely to impede efforts to fight tax evasion.
10/17/2019
Banks account for quarter of all taxes paid by companies
In September, the Kenya Revenue Authority said that only 33,426, or 8.3 percent, of the 401,306 companies registered for corporation tax paid up in the financial year through June 2019.
10/17/2019
Kenya’s President Rejected Rate-Cap Bill, Central Bank Head Says
Parliament could agree with the president and amend the bill to remove the rate caps, or could decide to push the bill through, which would require two-thirds support in the house.
10/17/2019
Graduate programme delivers 85% employment rate
We are in a very unique situation where we can actually welcome graduates and give them the necessary work experience that they do deserve,” said Kevin Wheatley from SPAR Southrand who has employed a number of graduates from the programme.
10/17/2019
Will Ghana’s financial sector clean-up build a stronger banking system?
The BoG also revoked the licences of two non-bank financial institutions, Express Funds International and Ghana Leasing, which have been insolvent and inactive for a number of years.