04/24/2019
Prior to its exit from the stockbrokerage business, African Alliance Uganda had in 2010 suspended its unit trust services, citing a low asset base, fluctuating interest rates and poor returns on investment.
04/24/2019
The proposed transaction to acquire NBK will further consolidate the banking sector in Kenya
04/24/2019
As a bank, we have a role to support the economy anyhow we can and how we do that is by empowering our customers.
04/23/2019
However, the cost drops dramatically by as much as 90% when money is sent through cryptocurrency-based fintech companies like Bitpesa.
04/23/2019
Nedbank ran a bond note deposit promotion early last year, in which a client who deposited bond notes would be entitled to a foreign currency allocation equivalent to 50 percent of bond notes that were deposited.
04/23/2019
The NSE said every listed company was required to provide the Exchange with timely information to enable it efficiently perform its function of maintaining an orderly market.
04/23/2019
The bank will be focused on building an agri-banking offering based directly on the insights gained through direct relationships with farmers and agri-businesses held across generations and will add these to its existing range of business banking product
04/23/2019
There is also a notable increase in the connectivity between the UAE and East Africa, specifically Kenya.
04/22/2019
With the minimum risk to the CBN, the payment service providers and end users, the operation aimed at accommodating the banked, underbanked and the unbanked.
04/22/2019
The assistance bundle entails $500 million deposit into Sudan's central bank to strengthen the country's liquidity and monetary reserves.
04/22/2019
South Africa marks the tenth country in Africa in which Andersen Global has a presence.
04/18/2019
The improved outcomes were mainly due to positive surprises such as low food-price growth and a stable exchange rate, the central bank said.
04/18/2019
“Political uncertainty is a crucial factor, especially in emerging markets, where HNWIs ( high net-worth individuals) are often based in jurisdictions where there is a large disparity in wealth,” he said.
04/18/2019
The projects are supposed to be implemented within six months and also finance upstream work of project design, including feasibility studies, business plans, product and process certification, market analysis, as well as aid them to conduct environmental
04/17/2019
The report found that Absa had to pay back R1.25bn in the co-called Bankorp bailout matter.
04/17/2019
But included in the remedial action was also an order that the Constitution be changed to alter the Reserve Bank’s mandate — with the Public Protector even providing the text for the updated section.
04/17/2019
IZP Group’s Globebill Technology Co. was among third-party payment companies fined by China’s foreign-exchange regulator for violating rules on cross-border payments, Beijing-based Caixin Global reported in February.
04/17/2019
It is now struggling with critical capital and liquidity deficiencies, even as it seeks capital injections from its shareholders and an unnamed strategic investor.
04/16/2019
Under the Anti-money Laundering and Counter Financing of Terrorism (AML/CFT) law, the reporting of cash transactions is a key control in the detection and prevention of money laundering
04/16/2019
AfDB said this will be done with a regime of reduced tariffs and non-tariff barriers to cut the cost of doing business on the continent.