11/04/2016
eCurrency Mint Limited and Banque Régionale De Marchés Launch New Digital Currency in Senegal
The electronic money provided by BRM can only be issued by an authorized financial institution.
Regulation,Tax & Compliance
11/04/2016
Standard Bank’s Zimbabwe unit backs down on new terms
On November 1 Stanbic issued a statement advising its customers of new terms and conditions.
11/04/2016
Why Zimbabweans are spending the night outside banks
The Reserve Bank of Zimbabwe is preparing to introduce the so called bond notes, a local currency pegged to the US dollar to ease cash shortages
11/03/2016
Banks reducing interests on deposits – BoG report
This means that if customers of a bank deposit money at UT Bank, they were likely to receive 15.8 percent as interest annually on the deposit
11/02/2016
PTAD to restore confidence in pension administration
PTAD had been strategising on ways to tackle the menace of corruption in the management of pension under the DBS
11/02/2016
EU calls for investment in Tunisia
Its present and its future and especially in its young people.
10/31/2016
Banking Consultant calls for review of interest on foreign currency accounts
Once dollar accounts in the country do not earn interest, investors will always move their deposits into instruments that guarantee some interest.
10/31/2016
Kenya, South Africa agree to monitor mergers and acquisitions
The two antitrust regulators will work together in the field of competition law enforcement and policy development.
10/31/2016
No reforms, no money: IMF
Zimbabwe’s enormous external debt overhang is impeding its access to the external financing necessary to stabilise the macroeconomic environment
10/30/2016
NBE Gives New Forex Directives to Ethiopian Banks
The directive also bans the approval of a Letter of Credit (L/C) without collecting a minimum of 30 percent of the value of the L/C in cash up front.
10/28/2016
World Bank to fund African centres of excellence
A single country cannot afford to have a various centres of excellence.
10/27/2016
Special Voluntary Disclosure Programme – tax aspects
Prospective applicants must obtain details of market values of the foreign assets held by them as at the end of February of each year for 2011 to 2015
10/26/2016
Why a bank may have to close an account
The office of the Ombudsman for Banking Services would like to highlight other relevant legislation and conventions with which financial institutions must comply.
10/25/2016
MTN suspends Nigeria dividends payout
MTN Nigeria continues to refute the allegations that MTN Nigeria had improperly repatriated funds from Nigeria.
10/20/2016
SARB sets high bar for rate cut
The hiking cycle may be nearing its end.
10/18/2016
Treasury moves in to seal Islamic finance loopholes
This is what regulators like the Central Bank of Kenya, Insurance Regulatory Authority, Capital Markets Authority , Retirement Benefits Authority and Sasra have to grapple with as Islamic finance grows in Kenya.
10/18/2016
Financial inclusion a challenge in low income communities in Africa
It compares indicators of the financial environment, as well as regulation and supervision standards.
10/17/2016
Patrick Njoroge named Africa’s best central bank governor
In May this year he received the Central Bank Governor of the Year Award at an African Development Bank conference.
10/14/2016
Regulatory landscape changes in the Middle East
In the Middle East the regulatory landscape is evolving and International life companies have to navigate through the regulatory maz
10/14/2016
Why South Africa faces a train smash if its finance minister is removed
The charges are widely viewed as an attempt to remove Gordhan from office without formally firing him, or to justify doing so soon.