08/30/2019
Through this strategic partnership, concluded on the sidelines of the ongoing 7th Tokyo International Conference on African Development (TICAD-VII), BCP and its subsidiaries position themselves as the ideal banking partners for Sumitomo Mitsui Banking Cor
08/30/2019
The country’s financial services sector has been hit by a spike in bad loans, which have stifled the growth of credit to the private sector.
08/29/2019
Many banking firms also have their own fintech products, but these are governed under the Central Bank of Kenya.
08/29/2019
As with any fraudrelated crime, this is an issue that needs urgent attention.
08/29/2019
It promised 50% or more returns within 30 days
08/29/2019
One of the main conditions for the bail-out would be for Eskom to service debt and interest and not to pay bonuses.
08/27/2019
The insurance firms include UK-headquartered Bupa International Limited, American-managed health care company Aetna, Allianz Worldwide Care which is headquartered in Ireland, William Russell headquartered in the UK, IHI Danmark a Danish firm and British f
08/27/2019
Some offshore jurisdictions - such as Malta, Gibraltar, Guernsey and Mauritius - allow clients to hold assets anywhere in the world in foreign currency, m
08/27/2019
In general, Zimbabwe’s thin capitalization rules disallow for corporate tax excess interest where the debt to equity ratio exceeds 3:1.
08/27/2019
The SARB issued five new R2 coins over the past three months to mark South Africa’s 25 years of constitutional democracy
08/27/2019
Over 10 million Kenyans do not have any arrangements to save a portion of their income
08/25/2019
A Bank of Tanzania spokesperson confirmed to Reuters on Sunday the regulator issued a circular on Friday that imposes a fine of 5 billion Tanzanian shillings ($2.18 million) for lenders that have not set up an in-country data centre.
08/23/2019
Capping off the effort last week, Ghana’s central bank announced it had revoked the licenses of 23 savings and loans companies as well as finance houses and appointed a receiver to manage their affairs.
08/23/2019
The president expressed these frustrations in a meeting with Members of the Council of State on Tuesday.
08/22/2019
Abdalla Hamdok set to head promised cabinet of technocrats
08/22/2019
The Nigerian currency is facing pressure on the international foreign exchange market with a further decline against the US dollar.
08/22/2019
“As a result, look at the amount of money that the public exchequer on the first phase of the banking scandal; GHS13 billion, had to come from public funds to support the industry and make sure that the funds were secured”, the President noted
08/22/2019
The steps marked the end of an industry cleanse of lenders and second-level financial institutions that started in August 2017 and cost the government at least 12 billion cedis ($2.2 billion) in bonds and cash to cover depositors’ holdings.
08/22/2019
The financial regulator acknowledges that some of the Sh196 billion could be money that Kenyans are using to buy goods and services with some in people’s pockets, but a good chunk of it could also be dirty money that has been kept out of circulation
08/22/2019
They were distributed to departments to guide their preparation for their budget proposals.