02/28/2019
“It is not the best, the central bank themselves are not doing the right thing because how can the governor be the chairman of all the committees and boards of the bank and tell us it is corporate governance” he questions.
02/28/2019
Zimbabwe adopted the USD as a transacting currency among a cocktail of other currencies in 2009 to avert runway inflation, which had rendered the local currency worthless.
02/27/2019
The report of the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) citing irregularities and illegalities by BOU in the closure and sale of the 7 Banks is generally well received.
02/27/2019
Does being able to close company accounts give banks too much power?
02/27/2019
“The only bank that was still giving us cash is FNB bank and just in December they told us that they will no longer be supplying us with the United States dollars,” he said.
02/27/2019
If we defend the dinar, the stock of the currency will fall further
02/26/2019
The apparent change in economic and political direction has appealed to donors.
02/26/2019
The taxman said below-target expansion in economic activities, higher inflation — a measure of cost living — and a weaker shilling alone wiped out Sh69.8 billion in potential revenue in three years through June 2018.
02/26/2019
His announcement comes a day after the main opposition Democratic Alliance party leader Mmusi Maimane pledged to create a specialist criminal anti-corruption taskforce if elected.
02/26/2019
Criminal charges to be pursued against rogue debit order companies.
02/26/2019
Zimbabwe’s currency woes have undermined President Emmerson Mnangagwa’s efforts to win back foreign investors who were sidelined under his ousted predecessor, Robert Mugabe.
02/26/2019
What makes the position of an apex bank governor tick is its direct implication on the economy as he is expected to advise the president on both fiscal and monetary policies from time to time.
02/26/2019
The proposed new requirement is desirable
02/25/2019
Currently, CMA is carrying out investigations into suspected insider trading in KenolKobil that occurred ahead of a planned buyout of the company by French firm Rubis Énergie SAS’.
02/25/2019
The governor is also accused of using circulars and memos to regulate banking rather than through regulations that must be approved by the National Assembly.
02/22/2019
The CBL Governor reiterated Liberia’s appreciation of ECOWAS for its role in bringing peace and stability to Liberia and noted that Liberia will continue to participate in ECOWAS programs.
02/22/2019
The EU is a single market in which no tariffs are imposed on imports and exports between member states.
02/22/2019
Kenya is the latest nation to show an interest in creating a regulatory sandbox for fintech innovation.
02/21/2019
“The approval of the amendments to our listing rules to facilitate issuance of green bonds will enable the NSE offer local and international issuers additional source of green financing, improve investor diversification as well as enhance issuer rep
02/21/2019
“IFC is considering an equity investment of up to $6 million (Sh600 million) in TIDE Africa Fund,” the international financier said in disclosures.