03/22/2019
Before the coming into effect of the Pension Reform Act 2004, the Federal and State Governments, under the old dispensation, operated the Defined Benefits (DB) Pension Scheme, popularly referred to as the ‘Pay as You Go’(PAYG) scheme.
03/22/2019
The Business Daily spoke to KCB Group chief executive officer Joshua Oigara, who is also the chairman of the Kenya Bankers Association governing council, on the emerging issues in the sector following the ruling.
03/22/2019
In the local governments, while the employee contributes 8 per cent, the local government chairmen are to contribute 10 per cent.
03/22/2019
The two lenders are keen to promote cross border trade flows
03/21/2019
According to Ribeiro, “the Portuguese Government allocated Euro 400m in guarantees and other risk-sharing mechanisms in the 2019 National Budget to support the implementation of the Compact.”
03/21/2019
Pantami noted that the indigenous developers may not have the capabilities required by the banking industry but “We must create conditions and systems that will enable us successfully develop ours.
03/20/2019
The objective is to streamline the processing of tax exemption applications from MDAs to the National Treasury.
03/20/2019
Failure to amend the ambiguous section of the Act will mean a reversion to free-floating interest rates regime, where commercial banks set the cost of loans without reference to any law
03/19/2019
Attijariwafa last November said it plans to launch a new acquisition push in East Africa before end of 2019, starting with Rwanda, Kenya and Ethiopia.
03/19/2019
The aggregate fiscal deficit was reduced by 1⁄2 percentage point of GDP and external reserves increased, mainly supported by Eurobond issuances.
03/19/2019
Engineering is one of the critical skills required if we are to meaningfully and competitively participate in a global marketplace.
03/19/2019
The scheme is subject to judicial sanction by the Federal High Court.
03/19/2019
Therefore, what happens in South Africa cannot be assumed to automatically have spilled over to Namibia,” said Bank of Namibia’s Deputy Director: Corporate Communications, Kazembire Zemburuka.
03/18/2019
The World Bank said some of the beneficiaries of its funding would include projects in Ethiopia, Rwanda and Kenya.
03/15/2019
South African high net worth clients who seek our professional services are not always looking to relocate, but rather invest in a Plan B for future proofing
03/15/2019
Mauritius has one of the highest per capita incomes within the fast-growing African continent.
03/15/2019
The IMF defined old-age dependency ratio as “a measure of the burden that those over 65 years of age place on working-age generations.”
03/14/2019
Mauritius’s banking system is governed, regulated and supervised by the Central Bank of Mauritius
03/14/2019
The Authority has a robust and carefully planned investment strategy to ensure that all Retirement Benefits Schemes reap a decent return on investment.
03/13/2019
Cash dividends paid by South African resident companies in the ordinary course to resident and non-resident shareholders generally qualify for the domestic income tax exemption