12/27/2015
Why Nigerians can’t use their bank debit cards outside the country anymore
But something else happened as a result of his intervention—the centre of gravity of retail banking in Nigeria quietly shifted.
Regulation,Tax & Compliance
12/23/2015
Family Bank of Kenya Suspends 9 Workers in Corruption Probe
It is a stance that is tough but necessary to ensure strict compliance with our fiduciary duties to all our stakeholders
12/23/2015
Cyprus revokes license for local branch of Tanzanian bank
The Cyprus Central Bank placed FBME's Cyprus branch under administration last year.
12/22/2015
Nigeria bans credit card use abroad
Africa's largest economy has spent billions of dollars propping up the currency since it fixed the exchange rate in February
12/16/2015
Tanzania On the Trail of Kenyan Insurer in Bribery Scam
Insurance brokers, who fall short of integrity, have been convicted by courts of law
12/15/2015
Ghana Introduces New Income Tax Law
Rules are also established with regard to the calculation of income tax
12/14/2015
Fed Has Africa’s Central Bankers in Tight Spot
In South Africa, the continent’s most globally integrated economy, cheap gold and iron-ore prices and poor political leadership have dragged growth down to 1.4% this year
12/14/2015
South Africa's Zuma denies affair with airline boss | Reuters
Zuma dismissed Finance Minister Nhlanhla Nene on Wednesday.
12/11/2015
National Bank of Kenya pursues terminal defaulters
National Bank of Kenya Managing Director Munir Ahmed
12/09/2015
CEO of Kenya's biggest firm declares wealth to boost anti-graft fight
Public pressure has mounted on President Uhuru Kenyatta to deal with corruption after a spate of media reports about inflated government contracts and outright theft of funds by officials in other cases.
12/08/2015
Draghi Still "Super Mario" to dollar-thirsty emerging markets
The worry is that if the dollar keeps surging
12/08/2015
African Bank on path to launching ‘good bank’
The write-down of the remaining loan receivable from African Bank Investments Limited resulted in a charge for capital items of R330m for the period under review.
12/08/2015
Mozambique joins Nigeria, Angola in restricting foreign exchange, wealthy shoppers hit
As local currency plummets, Mozambicans will now be allowed to charge only a maximum of $13,600 on their debit or credit cards annually.
12/07/2015
South Africa's Treasury says committed to reducing constraints on economy
South Africa Treasury said on Saturday it was committed to reducing constraints on the economy
12/07/2015
Expert sees tighter controls for Kenyan banks
Commercial banks and financial institutions should expect enhanced risk-based analysis and supervisions following the recent closure of Dubai and Imperial bank, a financial expert has cautioned.
12/07/2015
Nigeria: France, Bodies Pledge U.S.$4 Billion for Africa's Great Green Wall Project
The project addresses desertification, enhances natural resource management and promotes ecosystem integrity in the dryland in the Northern parts of Nigeria.
12/06/2015
François Groepe: African central banks and monetary policy challenges
Address by Mr François Groepe, Deputy Governor of the South African Reserve Bank, at the Credit Suisse Africa Conference, Cape Town
12/02/2015
Cooperation With Africa African Development Bank Actively Attracts Korean Firms
We hope that the seminar helps Korean companies become interested in and understand African countries’ investment systems and environments better and seek new investment opportunities.
12/01/2015
Bank of Khartoum wins nod for Bahrain branch
The Bahrain office will be will the first branch outside Sudan and the first Sudanese Bank that will be holding an Islamic wholesale banking branch license in the Kingdom.
12/01/2015
No Bank is in Distress -CBN
The CBN wishes to state categorically that no Nigerian bank is “experiencing stress”.