04/02/2019
Foreign buyers of Ugandan securities now invest in treasury bonds
Katarikawe said offshore investors now hold 7 percent in total in Uganda government securities, which translates to 1.8 trillion shillings (493 million U.S. dollars)
Regulation,Tax & Compliance
04/01/2019
Afreximbank Identifies Challenges to Cross Border Investments
Those investments create supply chains back to the home country of the investors. As intra-Africa trade grows, intra-African investments are also rising.”
03/31/2019
KCB to revise its buy offer for Imperial Bank assets
KDIC chief executive Mohamud Ahmed said late December that Kenya’s largest bank by assets was at the time conducting due diligence that would pave the way for takeover of the unnamed branches.
03/29/2019
Judiciary faces Sh216m loss from Chase Bank bonds
Mr Ouko says the terms and conditions of the contracts for construction of 28 law courts required each contractor to submit a performance bond to secure the employer (Judiciary) in case of failure to implement the projects as provided in the signed contra
03/29/2019
African Development Bank approves $20 million investment in Uhuru Growth Fund
The proposed investment will give the Bank approximately 10% of the Fund’s target capitalization of $200 million.
03/29/2019
AfDB Approves €12.5m Fund For SMEs In Francophone West Africa
The geographical focus of the Fund will be on a handful of countries where economic prospects, and the Fund’s networks, result in opportunities.
03/28/2019
GDPR and Data Protection Law in Mauritius
The GDPR is intended to provide much greater harmonisation and protection within the EU in respect of data privacy and security issues
03/28/2019
Banking Consultant calls for stricter banking reforms to avert future crisis
The Respected CEOs Breakfast Series was organized by the Business and Financial Times.
03/28/2019
Increased Interest by High Net Worth Individuals of South Africa for the Cypriot Citizenship by Investment Program
Cyprus, the third largest island in the Mediterranean, member state of the EU since 2004 and a member of the Eurozone since 2008, is a business hub, a welcoming environment and a very popular tourist destination.
03/27/2019
AfDB, financial institutions, others move to close Africa’s infrastructure gap
The Platform is developed in partnership with the Inter-American Development Bank’s ConnectAmericas-a global digital community with 200,000 registered business users
03/27/2019
Humphrey Kariuki fights Kenyan dual citizenship law
Mr Kariuki is challenging provisions of Section 8(4) of the Immigration Act which prescribes a fine of Sh5 million, three years' imprisonment, or both
03/26/2019
Diamond Bank’s shareholders to get Scheme Consideration of cash and shares
Recall that Diamond Bank’s shares, were recently placed on indefinite suspension on the Nigerian Stock Exchange (NSE).
03/26/2019
Sanlam Asset Management selects AQMetrics to provide AIFMD Annex IV regulatory reporting
Sanlam will utilise AQMetrics software technology to automate Annex IV reporting
03/25/2019
Africa’s Climate Change Week Brings Massive Investment Opportunities
The media, policymakers and private sector representatives huddled into the Main Hall to welcome the President Nana Addo Dankwa Akufo-Addo who said, against the backdrop of the disastrous cyclone, Africa Climate Week must “provide more practical sol
03/25/2019
The ANC's promise to SA: It's the end of the road for corrupt officials
The ANC said that it will further "ensure speedy implementation of lifestyle audits and broaden vetting and financial monitoring in the public service to curb corruption".
03/25/2019
IMF Board commends Ghana's banking sector reforms
The Bank of Ghana, in 2017, began a comprehensive reform exercise of the banking sector with the objective of cleaning up the sector and strengthening the regulatory and supervisory framework for a more resilient banking sector.
03/25/2019
SEC assures investors of vibrant asset management industry
SEC is working at enabling quicker access by the investing public to information on its licensees with the help of information technology to assist the investing public to make informed decisions rather than being misled by unsubstantiated claims in the s
03/22/2019
EBRD weighs up Africa development push
Its success in the MENA region could help convince sceptical shareholders to go ahead.
03/22/2019
Court sanctions Access, Diamond banks’ scheme of merger
Diamond Bank further announced that the directors hereby ceased to be directors of the dissolved Diamond Bank Plc effective March 19, 2019.
03/22/2019
N30 billion ‘MMM’ scam hits GTB, Zenith, Stanbic IBTC and Diamond banks
The Cooperative said its mission was “to create a system that empowers its members through provision of quality, diversified, innovative and market-driven financial and technical services and exceeding members’ expectation”.