03/24/2017
BMF calls for legislation to stop banks offering insurance
There are a lot of black executives who are sitting in these financial institutions.
Regulation,Tax & Compliance
03/24/2017
Asset managers raise red flag over worsening outlook
The bond note’s value on the black market, a good gauge of confidence in the unit, has been tumbling, with foreign currency dealers discounting it to the US dollar.
03/24/2017
Kenya May Hold Rates as Interest-Cap Law Complicates Policy
The committee shaved a total of 150 basis points off its key policy rate in 2016 in a bid to rejuvenate growth in lending to the private sector
03/22/2017
Federal pensioners in Ogun protest 14 months unpaid benefits
A number of us suffer from age related ailments and must be on drug daily.
03/22/2017
Kenya central bank head sees Chase Bank's receivership over soon
The central bank froze issuance of new commercial bank licenses in 2015 but it signaled earlier this month it was ready to lift that moratorium, when it said it was finalising two license applications.
03/21/2017
ITFC supports private sector and SMEs in West Africa through €40 million syndicated financing agreement with Atlantic Business International
The financing aims at supporting funding access to the Bank and in turn support the SME’s and the private sector in West African OIC member countries
03/21/2017
World Bank Group Announces Record $57 Billion for Sub-Saharan Africa
IFC also will deepen its engagement in fragile and conflict-affected states and increase climate-related investments.
03/21/2017
Capital Markets Authority mulls new rules to curb overpricing of IPOs
When share prices drift below IPO price, they lead to negative returns to investors.
03/20/2017
Nigerian central bank head urges cooperation on monetary, fiscal policy
The central bank has faced criticism from investors for keeping Nigeria's currency
03/20/2017
Mauritius: Ivory Coast Solicits Mauritian Investors to Develop a Biotechnology and ICT Free Zone Project
Mauritius and the Ivory Coast signed in April 2016, an Investment Protection and Promotion agreemen
03/17/2017
South Africa's anti-trust tribunal plans July hearing on banks in FX collusion case
The banks have until May 3 to file applications to raise objections on grounds that the complaint is vague or does not disclose a cause of action.
03/17/2017
Cim Financial Services Limited enters into agreement for the sale of its Global Business activities to the SGG Group, a European leader in investor services
Cim Global Business management team share our growth ambitions and are equally passionate about supporting the needs of our clients.
03/16/2017
Peter Kenneth plans new bank in Kenya
The bank is linked with Mayfair Insurance – which has 50,000 shares, where Mr Rachier is also a director.
03/16/2017
MetCI to exit its white-labelling business
As it pursues new strategies.
03/16/2017
Sell Standard Bank, says stockbroking subsidiary
SBG Securities flags concerns over personal and business banking.
03/16/2017
Old Mutual secures microfinance licence
The microfinance unit has been established, and we have received a licence from the RBZ and in April this year
03/16/2017
Gupta-linked company Homix in game of lies to shift millions of rands offshore
The Democratic Alliance was successful in gaining clarity on the banking activities of Gupta-linked company.
03/16/2017
NPA retirees stage protest over unpaid pension arrears
NAN reports that some of the placards read: “NPA Management pay us as you have been paying yourselves”, “Your enjoyment is our labour, pay us”, “Harmonise our pension benefits, and “Hadiza, Woman of Integrity”.
03/15/2017
Treasury calls out asset managers for lack of transformation
Possible interventions to assist with the transformation of the asset management subsector included third-party branding
03/15/2017
Treasury calls out asset managers for lack of transformation
A useful approach could be to incentivise larger investment houses to charge concessionary rental fees.