08/10/2016
Abu Dhabi Global Market signs deal with South Africa
It is the latest such agreement to be signed between ADGM and other financial authorities across the world.
Regulation,Tax & Compliance
08/10/2016
Reserve Bank fines GBS R500000 for Fica lapses
SA Reserve Bank found “weaknesses” in money laundering and financing of terrorism controls
08/09/2016
ADGM signs MoU with South African authority
Memorandum to enable greater cooperation on regulatory matters
08/08/2016
HFC awaits court’s ruling in Finatrade debt saga
A number of the banks in a bid to recover their monies from Finatrade last year dragged the company which is one of Ghana’s biggest commodity trading companies to court.
08/08/2016
Cordros Asset Management floats N1b fund for investors
It added that the minimum subscription amount in the fund is N10,000.00.
08/05/2016
Imperial Bank collapse boosts Diamond Trust
AKFED played a major role in helping the bank broker the December 3, 2015 deal with the Kenya Deposit Insurance Corporation
08/03/2016
CBN Directs Banks to Include BVN in Payment Cards
It was also noted that CBN told banks operating in the country that bank accounts without the Bank Verification Number (BVN) would be operated as “No Customer Initiated Debit”
08/02/2016
Several banks miss CBK deadline to disclose shareholding structure
Credit Bank also provided the structure and went further to disclose that since the bank is currently raising more capital through private placement, its current shareholding is subject to change.
08/01/2016
Don't panic, Nigerian central bank governor says, as bank shake-out looms
If the naira falls far enough, it will force some banks to recapitalize to have enough naira to stay within financial stability limits.
08/01/2016
France-Kenya Ties Growing
At a time when barbarity is blindly striking our countries, France stands alongside Kenya, just as Kenya stands alongside France.
07/28/2016
Business must play a role in protecting country’s payment system: Reserve Bank
Groepe’s comments coincided with Pasa’s announcement of “a new standardised specification to facilitate biometric authentication on payment cards”.
07/28/2016
CBK Proposes Three-Year Limit for Bank Auditors to Boost Governance
The impending rules come after external auditors were entangled in the collapse of three lenders, namely Dubai, Imperial and Chase banks.
07/27/2016
Panama Papers: Offshore Firm Helped Billionaires Plunder Africa
The International Consortium of Investigative Journalists, which published the leak along with dozens of international media, found that 44 of 54 African countries have a total of at least 37 mining, oil and mineral companies connected to offshore account
07/27/2016
Kenya’s central bank chief says inflation under control
Policymakers left the benchmark lending rate unchanged at 10.50 percent on Monday saying the pressure on inflation was temporary.
07/27/2016
United Bank For Africa Denies Reports Linking It With Foiled Coup D'etat In Turkey
The statement said: "In light of this, we believe it is necessary to categorically state that UBA has no involvement in or connection to these accusations, which are clearly false.
07/26/2016
Uganda Says May Start Islamic Micro-Finance Loans by Mid-2017
The Jeddah, Saudi Arabia-based Islamic Development Bank is funding experts from Bank of Khartoum to develop a framework for the implementation of Islamic micro-finance in Uganda, according to the agency.
07/26/2016
CBN has no plan to Skye Bank
But will also provide assurance to the other banks to continue to deal with and trade with the bank’s instruments in the interbank market.
07/26/2016
Stanbic receives Côte d’Ivoire banking licence
The country has one of sub-Saharan Africa’s fastest gross domestic product growth rates and expects to maintain growth of 7% or more over the next three years.
07/26/2016
Third draft Financial Markets Act regulations released
The Third Draft Regulations are, together with pending legislation, aimed at progressing the financial sector reform strategy for South Africa.
07/25/2016
Tanzania: NMB Bank Lists Over U.S.$18 Million On Dar es Salaam Bourse
Speaking during the listing ceremony held in Dar es Salaam last week, Permanent Secretary Ministry of Industry, Trade and Investment, Dr.Adelhelm Meru hailed the listing and urged other investors in the private sector to follow suit.