08/12/2019
Stanbic Bank was the first about three weeks ago to announce a redundancy targeting an estimated 200 staff, while Athi River-based cement maker EAPCC last week said it would let go all its 800 workers.
08/12/2019
Treasury principal secretary Julius Muia in an interview said the directive is in line with the law and a prudent way for the government to cut its cost of borrowing.
08/11/2019
BoT Bureaux de Change manager Victor Tarimu said that the Finance sector’s regulator was working closely with security organs to curb illegal money exchanging channels.
08/09/2019
NSSF holds 48.05 percent shares of NBK, while the Treasury controls 22.5 percent, giving them 70.5 percent total ownership.
08/09/2019
“We are aware and support the request by Consolidated Bank for an extension of three months to pay the note holders.”
08/09/2019
The Continental Free Trade deal has the potential to create the largest free-trade area in the world.
08/08/2019
Despite the Eurobond being relatively cheaper especially at a time when the United States Federal Reserve Bank is cutting interest rates, Treasury officials are said to be more in favour of the syndicated loans that do not ordinarily attract much public a
08/08/2019
The central bank governor said that he would not engage in internal ANC party squabbles, but he would strongly defend the central bank’s independence if it was threatened by any government proposals.
08/08/2019
The focus of the governor has been on bank supervision to ensure that they meet prudential guidelines mainly related to liquidity, governance and banking operations,” says Mr D’Souza.
08/07/2019
Bank of Baroda has been accused of facilitating questionable transactions for Gupta-linked firms.
08/07/2019
The SARB said the Bank of Baroda had since paid the imposed financial penalty into the Criminal Assets Recovery Account
08/06/2019
South African lenders are cutting jobs as they seek ways to lower costs and contend with slow economic growth and fresh competition in the industry from branchless, digital entrants such as TymeBank and insurer Discovery.
08/06/2019
The syndication included 14 lenders, which have not been named.
08/06/2019
Failure to meet the minimum requirement will result in a levy of additional Cash Reserve Requirement (CRR) which is the minimum amount of the total deposits that commercial banks are statutorily required to keep as reserve with the apex bank.
08/06/2019
Moroccan companies are present in Ghana in the production areas of energy, fertiliser, housing, building materials and banking.
08/06/2019
Nigerian banks must continue to push the boundaries of innovation if citizens are to profit from the country’s transition to a digitalised financial system
08/06/2019
The Bank of Namibia left its benchmark repo rate steady at 6.75 percent on 12 June, to support the economy's recovery.
08/06/2019
South African lenders are cutting jobs as they seek ways to lower costs and contend with slow economic growth and fresh competition
08/06/2019
Nedbank Zimbabwe also has a US$15 million tobacco pre and post-shipment facility, a US$15 million Nedbank group tobacco pre and post-shipment and a US$35 million facility for letters of credit for facilitation of imports of strategic commodities.
08/05/2019
Further, tax administrations have been challenged to invest in retraining their tax officers to equip them with the necessary tools to address the challenges of digitalisation as well as tackling other tax issues such as taxing the informal sector, extrac