05/14/2019
S. Africa: JP Morgan cuts local bond exposure citing rating risks et al
In foreign exchange, the bank said it had entered an underweight position on the South African rand, citing expensive valuations.
Regulation,Tax & Compliance
05/14/2019
CBA and NIC told to retain staff as merger plan gets nod
The retention of staff will come as a major relief after a spate of layoffs by various lenders since 2016 on the back of the rate cap law to cut costs.
05/14/2019
Africa: Women Entrepreneurs Finance Initiative Allocates Second Round Funding; Expected to Grow 70,000 Women's Businesses
This complements the first round of We-Fi funds announced in April 2018, which allocated $120 million for projects implemented by the World Bank Group, Asian Development Bank, and Islamic Development Bank to tackle the barriers facing women entrepreneurs
05/13/2019
The economic cost of tax, our low savings rate and red tape
“Redistribution doesn’t actually help poor people to improve their financial positions or enable participation in the economy.”
05/13/2019
Kenyan watchdog approves Commercial Bank of Africa and NIC Group merger
In March, Commercial Bank of Africa said its shareholders had accepted a share swap with NIC Group.
05/10/2019
Nigeria central bank head nominated for second term
Central bank head first to get 2nd term in 20 years
05/10/2019
As Europe grapples with Brexit, the African Union seeks a more United States of Africa
"The goal is to realize the union of an integrated, prosperous and peaceful Africa driven by its own citizens," he told CNN.
05/10/2019
GMI Group Acquires Mauritius Regulatory License
The brokerage company is adding a new license to its portfolio
05/09/2019
Clear guarantor laws will deal with lending grey areas
The amendment seemingly looks to clear the grey areas, particularly on the question as to whose property should be first realised whenever a principal borrower defaults.
05/08/2019
New Banking Model At Play In Nigeria
Telecoms and traditional banks are being lured by a new system meant to give all Nigerians access to financial services.
05/08/2019
Isuzu inks vehicle financing deal with Gulf African Bank
“The financing is open to everybody, it is not limited to the Muslim faith but we are looking at the entire country to help people acquire the vehicles for their businesses,” Mr Abdulkhalik said.
05/08/2019
How the International Monetary Fund is waking up to the financial risks of the climate crisis
The paper stresses that mitigation instruments other than carbon taxes can have an important role if, for example, higher fuel prices are politically difficult or have limited impacts in countries that do not consume coal.
05/08/2019
Kenya-Mauritius double taxation avoidance deal, a deep hole in revenue basket
Tax Justice Network found that the DTAA would undermine tax revenue mobilisation while delivering little benefit on the competitiveness front.
05/08/2019
Equity Investment Bank partners with international research firm Tellimer
Equity Group’s CEO and Managing Director Dr. James Mwangi noted that the research portal will go a long way in achieving EIB’s vision to become a leading brokerage and investment banking firm in Kenya
05/08/2019
How South Africa’s Economy Has Gained and Lost Over 25 Years
Unemployment rate hasn’t dropped below 20% since at least 2000
05/07/2019
EBRD considers move to extend lending to sub-Saharan Africa
Support builds in EU capitals for more investment to stem migration to Europe
05/07/2019
These Are Possible Candidates to Head Nigeria's Central Bank
Emefiele’s term runs out in June and he could be reappointed
05/07/2019
Ghana’s pensions regulator is working to ensure about 11m informal sector workers have pension schemes
The National Pensions Regulatory Authority (NPRA) has said that it is putting measures in place to ensure that Ghanaians working in the informal sector are able to access a pension scheme.
05/02/2019
Equity Bank trims staff by 392, workers miss out on share deal
The staff numbers and costs however may jump significantly as the firm goes on a shopping spree to buy four regional banks from London-listed Atlas Mara.
05/02/2019
CEO Ade Ayeyemi keeps Ecobank on a cost-cutting diet
Except for the 2012 financial year, the group’s owners have only been rewarded for the capital they have contributed once in recent years: in 2015, with $69m paid.