10/26/2018
NAICOM to release bancassurance framework for MFB’s soon
The move would enable the insurance firms to reach more customers
Regulation,Tax & Compliance
10/26/2018
Bank of Ghana releases list of banks in good standing
Remember some few months ago, the Central Bank dissolved five “insolvent” indigenous banks to form the Consolidated Bank of Ghana Limited.
10/26/2018
SEC tightens enforcement of regulations to clean up capital market
I always advise against investors putting all their eggs in one basket
10/26/2018
Disrupting the modern treasury
The modern treasurer has to embrace digital disruption – Nedbank CIB.
10/23/2018
Ex-Somalia Central Bank Governor launches insurance company in Somaliland
The official launching ceremony of her new company, Horn of Africa Insurance, was attended by government ministers, Somaliland’s central bank governor, parliamentarians, opposition figures and members of Somaliland’s civil society.
10/23/2018
Green Climate Fund Board approves three African Development Bank proposals for Green Climate Projects worth over US$ 110 million
The “multi-national approach to climate change adaptation by PIDACC offers an opportunity for the African Development Bank-GCF partnership to promote low-emission, climate-resilient agriculture in the nine Niger basin countries” said Martin Fr
10/22/2018
Cote d'Ivoire: Oragroup announces the largest IPO ever made on the Abidjan Stock Exchange (BRVM)
The underwriting operated by the brokerage firms will take place from October 29th to November 16th, with the possibility of an early closing in the event of oversubscription, for a listing of the shares in February 2019, subject to the BRVM’s
10/22/2018
Firm wants government, businesses to prioritise risk management
In developed countries, procurement and account payable risk management is a serious business
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.