05/20/2019
No changes expected from Reserve Bank and S&P
Despite weak economic growth and low inflation, an interest rate cut and a rating downgrade are not likely
Regulation,Tax & Compliance
05/20/2019
Ghana: Economic Situation
The economic program of the government, in office since January 2017, contains a large number of planned measures to strengthen agriculture and industry, including tax cuts, incentives for the private sector and infrastructure development.
05/20/2019
EAC states waver on a freely convertible currency regime
Latest data from Kenya’s Central Bank shows that the country has dominated transactions in the East African Payment System
05/19/2019
Saudis deposit $250m in Sudan’s central bank
UAE said on April 28 it was depositing $250m
05/17/2019
Revealed: SA’s “big five banks” ranked from best-to-worst on complaints
More than 7 000 complaints were registered against South Africa's big five banks in 2018: Here are the best - and worst - performers of the bunch.
05/16/2019
Words on Wealth: Regulations and the law of unintended consequences
Ironically, rules are proliferating. And unforeseen consequences are beginning to pop out of the woodwork.
05/16/2019
Reliable, accurate information vital to policymaking in Africa
African governments are always coming up with policies and blueprints. How can you gauge the level of credibility of these policies and what are the shortcomings?
05/16/2019
SBM gets licence to deal in securities
This brings the number of authorised securities dealers to three and the depositories to 20.
05/16/2019
Investec battles Brexit, weak SA economy
Investec’s adjusted earnings per share rose 3.6% in the year to March 31, as it undergoes new leadership.
05/16/2019
African Development Bank Approves Eur 90 Million to Support the Kenya Mortgage Refinance Company
KMRC is a non-Bank financial institution designed to provide long-term funding and capital market access to local lenders, including commercial banks, and Savings and Credit Cooperative Organizations to help consolidate the East African nation's grow
05/15/2019
AfDB gets $61.8m to drive initiative for women entrepreneurs
About 21 countries including Nigeria, Côte d’Ivoire and other African countries will benefit from the programme
05/14/2019
S. Africa: JP Morgan cuts local bond exposure citing rating risks et al
In foreign exchange, the bank said it had entered an underweight position on the South African rand, citing expensive valuations.
05/14/2019
CBA and NIC told to retain staff as merger plan gets nod
The retention of staff will come as a major relief after a spate of layoffs by various lenders since 2016 on the back of the rate cap law to cut costs.
05/14/2019
Africa: Women Entrepreneurs Finance Initiative Allocates Second Round Funding; Expected to Grow 70,000 Women's Businesses
This complements the first round of We-Fi funds announced in April 2018, which allocated $120 million for projects implemented by the World Bank Group, Asian Development Bank, and Islamic Development Bank to tackle the barriers facing women entrepreneurs
05/13/2019
The economic cost of tax, our low savings rate and red tape
“Redistribution doesn’t actually help poor people to improve their financial positions or enable participation in the economy.”
05/13/2019
Kenyan watchdog approves Commercial Bank of Africa and NIC Group merger
In March, Commercial Bank of Africa said its shareholders had accepted a share swap with NIC Group.
05/10/2019
Nigeria central bank head nominated for second term
Central bank head first to get 2nd term in 20 years
05/10/2019
As Europe grapples with Brexit, the African Union seeks a more United States of Africa
"The goal is to realize the union of an integrated, prosperous and peaceful Africa driven by its own citizens," he told CNN.
05/10/2019
GMI Group Acquires Mauritius Regulatory License
The brokerage company is adding a new license to its portfolio
05/09/2019
Clear guarantor laws will deal with lending grey areas
The amendment seemingly looks to clear the grey areas, particularly on the question as to whose property should be first realised whenever a principal borrower defaults.