10/22/2018
Firm wants government, businesses to prioritise risk management
In developed countries, procurement and account payable risk management is a serious business
Regulation,Tax & Compliance
10/22/2018
Beyond Compliance: Curbing the Culture of Board Impunity
The debts were taken over at a high cost to the nation
10/18/2018
Appleby Mauritius advises Azure Power Global Limited for its public offering of up to USD 200 million
Azure Power’s equity shares are listed on the New York Stock Exchange under the symbol "AZRE”.
10/18/2018
Nigeria central bank, MTN getting closer to settlement -minister
“They are ‘businessmen’ and they are going to resolve it... it is in the interest of all the parties that this matter will be resolved,” he said, declining to give any further details.
10/17/2018
African Legal Support Facility launches Academy Project
The ALSF is implementing the Academy Project in partnership with the East Africa Law Society
10/17/2018
South Africa loses QROPS status
South Africa had been on the HMRC list since QROPS were first introduced in 2006.
10/17/2018
Back to basics: navigating a SARS audit and dispute process
SARS has wide information gathering powers in terms of section 46 of the Tax Administration Act, 2011 and may require a taxpayer or another person to submit relevant material “for the purposes of the administration of a tax Act&r
10/17/2018
Depositors To Earn Less Interest From Banks After Deposit Floor Scrap
The Kenya Commercial Bank has issued a notice that as from November 16, depositors will earn an interest of seven percent per annum on KCB goal savings account, down from 8.5 percent that it has been offering since launching the account in June last
10/16/2018
Small traders in tight spot as KRA seeks to auction goods
The goods, estimated to be worth Sh12 billion, were seized in July and have been lying at various ports of entry despite President Uhuru Kenyatta’s promise to waive storage costs and pave the way for their immediate release.
10/16/2018
New rules place banks’ fiduciary duty in dilemma
The question that was uppermost in the mind of the superior court was “Would a bank in the face of what everyone agrees is an unusual and suspicious transaction, be entitled to make inquiries about that transaction?”
10/16/2018
South Africa president denies ignoring fraud at failed bank
The bank collapsed in March, a month after Ramaphosa took over from Jacob Zuma, who was forced to resign in February.
10/16/2018
Rwanda’s new policy on bank capitalisation causes unease
The policy passed by BNR will witness will witness the sharpest increase in banks’ core capital in the region.
10/15/2018
Stable exchange rate best choice for Nigeria – Emefiele
He said that all frontiers and developing markets have suffered not just depreciation, but had also lost reserves.
10/15/2018
VBS Bank to be stripped of its assets
There is also growing speculation that VBS bank is being deemed as not fit for resuscitation to sell off its assets at cheap rates to well-connected business individuals.
10/15/2018
Pension industry under threat from financial bill
The current legislative instruments are old and ineffective to support the efficient, fairness and orderly operation of the financial system.
10/15/2018
African Development Bank showcases investment opportunities in Africa to Nordic investors
The aim of the event was to bring the Bank closer to customers in order to increase awareness of key private sector stakeholders to understand the Bank’s financial and risk mitigation products for investment projects.
10/12/2018
IMF and World Bank unveil Fintech Agenda
Fintech could transform the financial markets through which monetary policy actions are transmitted
10/12/2018
Basel AML Index reveals slow progress in combating money laundering
The findings tie into recent high-profile probes involving countries generally considered low-risk.
10/09/2018
Central bank cautions short-term debt risky
This means that CBK sees increased possibility of government having to mitigate the impact of debt repayments by negotiating for a series of refinancing given that the current profile is below its own targets.
10/08/2018
Apex Bank wants Corporate Tax for rural banks reduced
The ARB Apex Bank Managing Director also waded into the recent fallout of the collapse of some ingenuous banks calling on customers to exercise restraints instead of resorting to panic withdrawals.