10/30/2018
PenCom recovers N465m outstanding pension contributions
“This brought the total recovery by the commission to N14.38 billion which comprised principal contribution of N7.48 billion and penalty of N6.96 billion,”
Regulation,Tax & Compliance
10/30/2018
Reserve Bank applies for final liquidation of VBS
The Bank's Prudential Authority says there is no prospect of entering into any resolution plan for the bank
10/29/2018
Diaspora inflows in year high - CBK
The 12 months cumulative inflows to August 2018 on other hand grew by 41.9 per cent to Sh255 billion from Sh179.7 billion last year, this, perhaps as a result of extended tax amnesty given to diaspora investors to voluntarily repatriate foreign held asset
10/26/2018
Rapid debt pile raises Kenya’s default risk level
“This debt sustainability analysis finds that Kenya’s risk of external debt distress has increased from low to moderate due to rising refinancing risks and narrower safety margins,”
10/26/2018
CBK to hold next monetary policy meeting in a month
Kenya's inflation hit a 12-month high of 5.7 percent in September from 4.04 percent in August on the back of higher taxes on petroleum products.
10/26/2018
Deutsche Bank and Standard Bank of South Africa Sign Memorandum of Understanding for close cooperation under a US Export Credit Agency Guarantee Program
The finalization of the GSM 102 agreement ensures that Standard Bank is now one of the preferred issuing banks to the US Department of Agriculture’s Commodity Credit Corporation
10/26/2018
Bank of Ghana releases list of licensed banks in Ghana
The Bank of Ghana has released a list of banks that are duly licensed and of good standing in the country.
10/26/2018
NAICOM to release bancassurance framework for MFB’s soon
The move would enable the insurance firms to reach more customers
10/26/2018
Bank of Ghana releases list of banks in good standing
Remember some few months ago, the Central Bank dissolved five “insolvent” indigenous banks to form the Consolidated Bank of Ghana Limited.
10/26/2018
SEC tightens enforcement of regulations to clean up capital market
I always advise against investors putting all their eggs in one basket
10/26/2018
Disrupting the modern treasury
The modern treasurer has to embrace digital disruption – Nedbank CIB.
10/23/2018
Ex-Somalia Central Bank Governor launches insurance company in Somaliland
The official launching ceremony of her new company, Horn of Africa Insurance, was attended by government ministers, Somaliland’s central bank governor, parliamentarians, opposition figures and members of Somaliland’s civil society.
10/23/2018
Green Climate Fund Board approves three African Development Bank proposals for Green Climate Projects worth over US$ 110 million
The “multi-national approach to climate change adaptation by PIDACC offers an opportunity for the African Development Bank-GCF partnership to promote low-emission, climate-resilient agriculture in the nine Niger basin countries” said Martin Fr
10/22/2018
Cote d'Ivoire: Oragroup announces the largest IPO ever made on the Abidjan Stock Exchange (BRVM)
The underwriting operated by the brokerage firms will take place from October 29th to November 16th, with the possibility of an early closing in the event of oversubscription, for a listing of the shares in February 2019, subject to the BRVM’s
10/22/2018
Firm wants government, businesses to prioritise risk management
In developed countries, procurement and account payable risk management is a serious business
10/22/2018
Beyond Compliance: Curbing the Culture of Board Impunity
The debts were taken over at a high cost to the nation
10/18/2018
Appleby Mauritius advises Azure Power Global Limited for its public offering of up to USD 200 million
Azure Power’s equity shares are listed on the New York Stock Exchange under the symbol "AZRE”.
10/18/2018
Nigeria central bank, MTN getting closer to settlement -minister
“They are ‘businessmen’ and they are going to resolve it... it is in the interest of all the parties that this matter will be resolved,” he said, declining to give any further details.
10/17/2018
African Legal Support Facility launches Academy Project
The ALSF is implementing the Academy Project in partnership with the East Africa Law Society
10/17/2018
South Africa loses QROPS status
South Africa had been on the HMRC list since QROPS were first introduced in 2006.