11/27/2018
Zuma Required To Pay Monthly Installments For Bond At VBS
The loan agreement for Zuma’s bond is reportedly still valid and enforceable.
Regulation,Tax & Compliance
11/26/2018
Immigration minister under pressure as lawyers fight to bring ex-UBS trader and convicted fraudster back to Britain
Mr Adoboli, who was born in Ghana but has not lived there since the age of four, was sentenced to seven years in jail in 2012 after being convicted of Britain’s biggest fraud which saw him lose UBS $2.3bn (£1.8bn).
11/26/2018
South African Reserve Bank Increase Rate for the First Time Since 2016
The committee was initially split on the decision
11/23/2018
Standard Bank’s Africa-China trade corridor links Africa and China in world’s next big growth partnership
To this end both the national and provincial governments of China worked to ensure that many of the 150 000 Chinese importers attending the inaugural CIIE arrived with pre-determined import orders to fill.
11/23/2018
Tanzania: New Pension Regulations Prompt Strong Reaction
We in the the opposition Chadema are against this bad practice of weakening pension funds at the expense of workers' rights.
11/22/2018
Bank of Tanzania freezes licensing of forex bureaus
The governor said a six-month investigation had revealed the mushrooming of illegal forex traders that were involved in money laundering.
11/22/2018
How 10 Nigerian banks paid over N1 billion as emoluments to top directors in 2017
The details are contained in the banks’ consolidated financial statements and annual accounts for the year ended December 2017, submitted to the Nigerian Stock Exchange (NSE) and made public earlier in the year.
11/22/2018
Mozambique banks in a crisis over debt standoff
Bizfirst manages the software for the Mozambican Interbank Society (Simo), which controls credit and debit cards and other electronic payments in the southern Africa state.
11/21/2018
‘Unclear’ expropriation laws could put South African banks at huge risk
It further urged the Constitutional Review Committee, Parliament and the relevant government departments to expedite ‘crisp, clear policy and legislative frameworks in respect of expropriation without compensation, as soon as possible’.
11/21/2018
Lender fires 34 amid rising employee-related fraud cases
“For as much as technology has simplified our world, it has also brought with it important security-related challenges,” said the lender in the report.
11/21/2018
Westpay:New certification completed in South Africa
Absa Bank is one of Africa’s largest diversified financial services group and South Africa’s leading bank group.
11/21/2018
Bank of Tanzania freezes licensing of forex bureaus
“They will all receive a notice of revocation of licences and their shops will be closed,”
11/21/2018
We equally need upward review of our pensions, senior citizens beg FG
Needless to say the payment of the balance of these arrears is long overdue
11/20/2018
KPMG, PwC others warn on Nigeria’s debt to revenue ratio
Represented by Adegoke Oyelami, also a Partner at KPMG, Salami lamented the use of devaluation to increase revenue, stating that the measure was only deceptive and not sustainable.
11/20/2018
IOSCO members found mostly compliant with Principles for Commodity Derivatives Markets
The survey provided an opportunity for IOSCO members to self-audit their current regulatory practices
11/20/2018
Ecobank Transnational Incorporated announces closure of USD 200 million syndicated loan facility
The loan will be due for repayment in November 2019.
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.
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