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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.

01/27/2017

Tanzanian govt seeks $785million World Bank loan

Finance and Planning Minister, Philip Mpango, says the projects include implementation of the second and third.

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