03/22/2019
Obaseki Okays Contributory Pension Scheme For Local Govt Workers
In the local governments, while the employee contributes 8 per cent, the local government chairmen are to contribute 10 per cent.
Regulation,Tax & Compliance
03/22/2019
KCB taps Morocco’s Attijariwafa Bank in trade, banking deal
The two lenders are keen to promote cross border trade flows
03/21/2019
Mozambique private sector development acceleration attracts Portugal
According to Ribeiro, “the Portuguese Government allocated Euro 400m in guarantees and other risk-sharing mechanisms in the 2019 National Budget to support the implementation of the Compact.”
03/21/2019
FG to banks: Support indigenous software developers
Pantami noted that the indigenous developers may not have the capabilities required by the banking industry but “We must create conditions and systems that will enable us successfully develop ours.
03/20/2019
From Kenya: Guidelines on Issuance of Tax Exemptions
The objective is to streamline the processing of tax exemption applications from MDAs to the National Treasury.
03/20/2019
Why High Court threw out law on interest rates law
Failure to amend the ambiguous section of the Act will mean a reversion to free-floating interest rates regime, where commercial banks set the cost of loans without reference to any law
03/19/2019
Moroccan bank, KCB ink deal for Kenya expansion plan
Attijariwafa last November said it plans to launch a new acquisition push in East Africa before end of 2019, starting with Rwanda, Kenya and Ethiopia.
03/19/2019
IMF Executive Board Concludes Regional Consultation with West African Economic and Monetary Union
The aggregate fiscal deficit was reduced by 1⁄2 percentage point of GDP and external reserves increased, mainly supported by Eurobond issuances.
03/19/2019
Sifiso Skenjana: Standard Bank, SABC and more – why SA must mind the labour force gap
Engineering is one of the critical skills required if we are to meaningfully and competitively participate in a global marketplace.
03/19/2019
Access, Diamond Get Final Approval to Merge
The scheme is subject to judicial sanction by the Federal High Court.
03/19/2019
Bank of Namibia unaware of discrimination as FNB refutes allegations
Therefore, what happens in South Africa cannot be assumed to automatically have spilled over to Namibia,” said Bank of Namibia’s Deputy Director: Corporate Communications, Kazembire Zemburuka.
03/18/2019
World Bank, AfDB Commit $47bn To African Climate Finance
The World Bank said some of the beneficiaries of its funding would include projects in Ethiopia, Rwanda and Kenya.
03/15/2019
Record number of South Africans apply for second passport
South African high net worth clients who seek our professional services are not always looking to relocate, but rather invest in a Plan B for future proofing
03/15/2019
Mauritius: A rising jurisdiction of substance and innovation by Graham Patrick
Mauritius has one of the highest per capita incomes within the fast-growing African continent.
03/15/2019
How to fund pension, reduce old-age dependency
The IMF defined old-age dependency ratio as “a measure of the burden that those over 65 years of age place on working-age generations.”
03/14/2019
Islamic Finance & Markets in Mauritius
Mauritius’s banking system is governed, regulated and supervised by the Central Bank of Mauritius
03/14/2019
How pension funds should be invested
The Authority has a robust and carefully planned investment strategy to ensure that all Retirement Benefits Schemes reap a decent return on investment.
03/13/2019
Not all dividends are ordinary
Cash dividends paid by South African resident companies in the ordinary course to resident and non-resident shareholders generally qualify for the domestic income tax exemption
03/13/2019
New law hands oil-rich counties 25 percent of revenue
This comes at a time Kenya has reached out to 18 global oil refinery firms in the quest to make the first sale of its crude oil in the second quarter of the year.
03/13/2019
Industries to benefit from cheaper power on fresh regulations
The rebate could signal better times for Kenyan companies that could invest the funds in prompt payments for supplies, servicing of debt as well as the creation of new jobs.