07/09/2019
Growth-Hungry Nigeria Tells Banks to Use or Lose Their Money
Nigeria’s banks are some of the most reluctant lenders in major emerging markets, with an average loan-to-deposit ratio below 60%.
Regulation,Tax & Compliance
07/09/2019
African Development Bank, Portugal and Cabo Verde sign compact to accelerate diversification, private sector development
Correia described the occasion as “an important day for Cabo Verde,” noting that it demonstrated the country’s commitment to press forward with private sector growth, which is key for our country.
07/09/2019
Agbaje charges African General Counsel on versatility
He said counsel must not only be familiar with law related issues but must be familiar with other sectors like the essential technology such as Artificial Intelligence, robotics and block chain.
07/09/2019
South African central bank stresses importance of independence
“In the South African context we do feel an independent bank is an important check in the equation. ... Our system has given government the fiscal policy levers,” SARB Deputy Governor Kuben Naidoo said in a public lecture.
07/08/2019
Trade cautiously with single market and Africa’s economy could rise to top
The single African market is a great thing, but do you think its implementation will be smooth, given that regional economic blocs have been bogged down by trade disputes and poor implementation of Common Market protocols?
07/07/2019
Zimbabwe Central Bank unleashes currency monitors on retailers
In an interview on Friday, Reserve Bank of Zimbabwe Governor, Dr John Mangudya said there was a need for businesses to comply with the Statutory Instrument 142/2019
07/06/2019
Nigeria's central bank orders banks to lend or face sanctions
Nigeria’s economy has since recovered from that contraction, but lending has not returned as growth is slow and banks prefer to pack cash in risk-free government securities rather than lend to businesses and consumers.
07/05/2019
To Spur the Economy, Nigeria Orders Banks to Loan More Money
Central bank sets 60% loan-to-deposit ratio target for banks
07/05/2019
South Africa's central bank aims to sell African Bank stake in year or two
“It is not the intention of the Reserve Bank to own the share for a very long time but we do want to ensure that the bank is sound and stable before we exit,” Deputy Governor Kuben Naidoo told reporters.
07/05/2019
Five things making headlines in South Africa today
Sarb repays monies lost to illegal schemes, AfriForum takes City of Tshwane to court over electricity tariffs, Denel asks state for cash injection and more.
07/04/2019
Let’s reinforce power sector regulations to attract investments – African energy stakeholders
“Effective regulation is a key enabler of an improved business environment,” Kambanda said in opening remarks at a donors’ roundtable on Electricity Regulatory Index (ERI) for Africa.
07/04/2019
Nigeria will sign African free-trade deal
Nigeria is set to sign the African Continental Free Trade Agreement (AfCFTA) at a summit this weekend, after holding out for over a year.
07/04/2019
Central Bank of Liberia Board Member-designate Describes US$25m Mop-up Exercise as “Tactical Error”
According to Mr. Dennis, TEMT should have used commercial banks to carry out the mop-up, which according to him, would have been the only effective way of achieving the aim of the exercise.
07/04/2019
Absa to secondary list ETFs on A2X
The Newgold ETFs that are being listed on A2X are the largest ETFs in the local market with almost R25 billion in assets under management, Absa said.
07/03/2019
World Bank vows to back Kenya’s development blueprint
Ghanem commended Kenya for taking the lead in the East African region, noting that the World Bank is working on a program to develop a digital market in East Africa that will start with Kenya, Rwanda and Uganda, but later expand to the other countries in
07/03/2019
‘Africa should reinforce power sector regulations to attract investments’
In collaboration with development partners, AfDB seeks to implement the recommendations of the 2018 Index through targeted support by providing technical assistance to some 15 countries
07/03/2019
PIC board sent Dr Dan Matjila in pursuit of IT security breach
Menye said when they met with the chief executive in his office, he advised them that the security assessment was an instruction from the board.
07/02/2019
Why Africa’s Biggest Fund Manager Is Under Fire
It’s Africa’s largest fund manager, with the assets under its control equating to about 10% of the total market value of all companies trading on Johannesburg’s stock exchange.
07/02/2019
Nigerians count losses as SIM swap fraudsters empty bank accounts
She inserted her SIM card into another phone but the same thing happened and, according to her, the customer care service failed to assist her, as they didn’t answer the call.
07/02/2019
Nigerian Banks Face Threats From Telcos With Implementation of Payment Service Banking -Moody's
Moodys notes that most of the banks in the country, will not be able to withstand this competition, with the exception of Access bank, United Bank for Africa (UBA), Guarantee Trust Bank (GTB), First Bank of Nigeria )FBN) and Zenith bank.