02/26/2019
Comment: Ethiopia's efforts to draw investors are undermined by ethnic violence
The apparent change in economic and political direction has appealed to donors.
Regulation,Tax & Compliance
02/26/2019
Focus on taxman after revenue shortfalls hit Sh185bn in three years
The taxman said below-target expansion in economic activities, higher inflation — a measure of cost living — and a weaker shilling alone wiped out Sh69.8 billion in potential revenue in three years through June 2018.
02/26/2019
South Africa tribunal to recover graft profits
His announcement comes a day after the main opposition Democratic Alliance party leader Mmusi Maimane pledged to create a specialist criminal anti-corruption taskforce if elected.
02/26/2019
Crack down on rogue debit order fraud
Criminal charges to be pursued against rogue debit order companies.
02/26/2019
Zimbabwe struggles to convince doubters as it launches new currency
Zimbabwe’s currency woes have undermined President Emmerson Mnangagwa’s efforts to win back foreign investors who were sidelined under his ousted predecessor, Robert Mugabe.
02/26/2019
Top female banker, 8 others jostle for Emefiele’s job
What makes the position of an apex bank governor tick is its direct implication on the economy as he is expected to advise the president on both fiscal and monetary policies from time to time.
02/26/2019
New Capital Rules for Banks
The proposed new requirement is desirable
02/25/2019
CMA targets tech to nub insider traders
Currently, CMA is carrying out investigations into suspected insider trading in KenolKobil that occurred ahead of a planned buyout of the company by French firm Rubis Énergie SAS’.
02/25/2019
CBK boss Njoroge in crosshairs of MPs over stern laws
The governor is also accused of using circulars and memos to regulate banking rather than through regulations that must be approved by the National Assembly.
02/22/2019
CBL Gov. Patray Stresses Collaboration Among ECOWAS Central Banks
The CBL Governor reiterated Liberia’s appreciation of ECOWAS for its role in bringing peace and stability to Liberia and noted that Liberia will continue to participate in ECOWAS programs.
02/22/2019
The UK Wants a Better Deal With Africa Post-Brexit
The EU is a single market in which no tariffs are imposed on imports and exports between member states.
02/22/2019
Kenya keen on regulatory fintech sandbox
Kenya is the latest nation to show an interest in creating a regulatory sandbox for fintech innovation.
02/21/2019
Kenya sets stage for first ever green bond after approving rules
“The approval of the amendments to our listing rules to facilitate issuance of green bonds will enable the NSE offer local and international issuers additional source of green financing, improve investor diversification as well as enhance issuer rep
02/21/2019
World Bank arm pumps Sh600m into tech firms
“IFC is considering an equity investment of up to $6 million (Sh600 million) in TIDE Africa Fund,” the international financier said in disclosures.
02/21/2019
Help Africa by exposing illicit offshore wealth
If the UK is serious about helping African nations collect the taxes they are due, it needs to press harder on the proposed public registries to reveal all beneficial owners in its overseas territories.
02/21/2019
Zimbabwe Central Bank Abandons Quasi Dollar
Zimbabwe has long been dealing with currency instability that in 2009
02/20/2019
Net closing in on offshore companies and trusts
EU’s new economic substance requirements legislation targets tax transparency, fair taxation and compliance with anti-base erosion and profit shifting measures
02/20/2019
EAC central banks hold lending rates stable to boost growth
Kenya’s Banking Survey for January 2019 released a week ago shows that lenders will continue channelling their funds to corporates and lower-risk investments in government securities.
02/20/2019
Enhancing Africa-China Investments
The Central Bank of Nigeria (CBN) announced the signing of a $2.5 billion currency swap agreement with China in April 2018.
02/20/2019
South Africa’s cheapest bank accounts: Capitec vs the rest
More banks have entered into Capitec’s space of late, with Old Mutual launching its Money Account, and Bidvest Bank moving into transactional banking with its GROW Account.