02/16/2017
Standard Bank‚ Absa in trouble over price fixing allegations
They did this allegedly by making fictitious sales to drive up demand and change prices‚ or agreeing not to trade for a period of time.
Regulation,Tax & Compliance
02/16/2017
Banks may be fined for ‘rigging rand’
It referred the case to an antitrust tribunal, concluding an investigation that began in 2015.
02/16/2017
CBK urges banks to address digital banking challenges
Commercial Bank of Africa and the KCB Group have both partnered with telecom operator Safaricom to offer banking services.
02/15/2017
Kenyan banks face moment of truth as reality dawns after rate cap
The new guidelines give the CBK a say on the amount of capital held by banks with regional operations in a move that may see large lenders seek additional funding.
02/15/2017
CIS to introduce new certification policy for stockbrokers
Commenting on the new certification policy which is expected to take off soon
02/13/2017
Sanlam Kenya withdraws profit warning
Kibati said the profit withdrawal notice had also been necessitated by a reduction in the level of impairment provisions
02/08/2017
Insurance companies to pay clients Sh250,000 on collapse
The PCF is the equivalent of Kenya Deposit Insurance Corporation the deposit insurer for commercial banks, which compensates depositors when a bank collapses.
02/07/2017
European investigators visit troubled Spencon after shareholder war
The Inspectorate General’s Fraud Investigations Division is currently looking into a complaint concerning ECP Africa and Spencon.
02/07/2017
How technology can help insurance sector in Kenya come of age
Insurance became more sophisticated in Enlightenment-era Europe.
02/06/2017
Kenya's Treasury Moves to Stop Plunder Ahead of Polls
The National Treasury has accused county governments of operating "irregular bank accounts" where they have deposited huge amounts of money contrary to government regulations
02/06/2017
MPs now want to end hidden loan charges in fresh raid on banks
The new law caps interest rates on loans at no more than four per cent of the Central Bank Rate, which currently stands at 10 per cent, meaning banks cannot charge interest above 14 per cent.
02/06/2017
Reserve Bank opposes Gupta associates' bank bid
One of the businesspeople is linked to the Gupta family, whom President Jacob Zuma describes as friends.
02/02/2017
Banks get bashed in battle over South African financial system
Barclays Africa branch targeted by ruling party protestors.
02/02/2017
Financial Stability and Pan-African Banking
Remarks for Conference on Cross-Border Banking and Regulatory Reforms
02/02/2017
Nigeria likely to launch $1 bln Eurobond sale this week -finance minister
The 2017 budget passed its second reading in parliament last week.
02/02/2017
IMF calls for stronger supervision of pan-African banks
They have supported the growth of individual countries with better products and services.
02/02/2017
World Bank to help Eastern Africa enhance corporate governance
In the recent past, we have witnessed the collapse of a number of private firms due to bad governance.
02/01/2017
Bank Of Ghana To License More Banks In Ghana
Ghanaian Banks see themselves as “Champions” ONLY in Ghana
01/31/2017
Tunisia to issue $ 2.85 billion Eurobonds and $ 500 million in Sukuk this year
A government source said last Thursday Tunisia would start a roadshow on Feb. 5 for a 1 billion Eurobond.
01/30/2017
IMF Executive Board Approves US$134.04 Million under the ECF Arrangement for Niger
The new program aims to enhance macroeconomic stability and foster high and equitable growth, boost incomes and create jobs, while strengthening the foundations for sustainable development.