11/19/2018
Qatar to ride on Big Four Agenda to deepen bilateral ties with Kenya
Even so, the trade balance is still in favor of Qatar, which exported goods worth $54.6 million (Sh5.4 billion) to Kenya in 2015 according to latest figures.
Regulation,Tax & Compliance
11/19/2018
Be wary of offshore property scams
Although offshore property is an asset class some South Africans should consider, he agrees there has been an uptick in offshore operators attempting to entice South Africans into developments -and some of these operators are less than scrupulous.
11/19/2018
Uganda has no Islamic banking three years on
Kenya and Tanzania have for years had a number of banks that are Sharia-compliant, giving product options to customers averse to interest-driven growth.
11/19/2018
African Development Bank to play bigger role in African economies by investing in infrastructure private equity
The proposal represents the Bank’s third investment with this fund manager
11/16/2018
African leaders meet for 'last push' on AU reforms
The concern there is that Egypt is very unlikely to push the reforms forward, even if it doesn't try to reverse them
11/16/2018
Taxation: Namibia removed from EU list of non-cooperative jurisdictions
The EU’s list helps to prevent tax avoidance by businesses and promote tax good governance worldwide.
11/15/2018
Bank now aims at providing tailor made solutions to Africa’s need
The bank’s network has considerably grown over the years with over 14 branches in Dar es Salaam alone.
11/14/2018
UAE and Singapore exempt from IOM disclosure rules
Conduct of Business Code exclusions also applied to Argentina, South Africa and Qatar
11/13/2018
Low Treasury fund raising tipped to force tax-free bond
These bonds have all been tenured between 10 and 20 years, thus starving the market of the shorter-term paper that it is craving, and in turn pushing investors to the secondary market.
11/13/2018
Ecobank partners with the International Federation of Red Cross and IFRC
A first project is already being rolled out in Ghana where Ecobank is launching a digital public fundraising campaign.
11/13/2018
Management contributed to collapse of Nigeria's Skye Bank -deposit insurer
In October, the government said it will prosecute those responsible for the collapse of Skye Bank in an attempt to set an example that the state will no longer bail out lenders while the culprits go unpunished.
11/13/2018
Eurobond yields rise after IMF debt default warning
The secondary market yields on the five-year $750 million bond, which matures in June stood at 5.03 percent compared with 4.9 percent in October.
11/12/2018
South African Central Bank Fines HSBC for Lax Money Laundering Controls
The FIC Act mandates the PA, in terms of section 45, to supervise and enforce compliance with the provisions of the FIC Act insofar as accountable institutions regulated or supervised by it are concerned.
11/12/2018
SACP denies receiving millions from VBS Bank
The paper cites an anonymous source who was a senior executive at the bank saying that majority shareholder Vele Investments paid the money through a subsidiary company in order to hide the link between the bank and the SACP.
11/12/2018
Arab Bank buys into African development bank
“We are excited to become part of the TDB success story,” says Ould Tah. “We will co-finance more and more transactions in the months and years to come,” he adds.
11/09/2018
Uganda misses social media tax revenue target
Uganda intends to collect about Ush100 billion ($26.6 million) before the end of the 2018/19 financial year.
11/09/2018
Ramaphosa pushes African free trade agreement, private investment
To extract the real value of a continental free trade area, we need to have the means to produce the goods that we want to trade.
11/09/2018
South Africa central bank concerned about MTN debts
MTN is based South Africa with a big footprint on the continent.
11/09/2018
Orient Bank selected Acumen-net for their Treasury Management operations
The solution also supports risk management functions for counterparty risk, market risk and offers a comprehensive approach to handling risk related issues so as to safeguard the bank’s operations.
11/08/2018
MTN Nigeria $10 Billion Feud Puts South Africa at Risk
Claims against wireless firm could have knock on effect: SARB