08/23/2019
Capping off the effort last week, Ghana’s central bank announced it had revoked the licenses of 23 savings and loans companies as well as finance houses and appointed a receiver to manage their affairs.
08/23/2019
The president expressed these frustrations in a meeting with Members of the Council of State on Tuesday.
08/22/2019
Abdalla Hamdok set to head promised cabinet of technocrats
08/22/2019
The Nigerian currency is facing pressure on the international foreign exchange market with a further decline against the US dollar.
08/22/2019
“As a result, look at the amount of money that the public exchequer on the first phase of the banking scandal; GHS13 billion, had to come from public funds to support the industry and make sure that the funds were secured”, the President noted
08/22/2019
The steps marked the end of an industry cleanse of lenders and second-level financial institutions that started in August 2017 and cost the government at least 12 billion cedis ($2.2 billion) in bonds and cash to cover depositors’ holdings.
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.