08/17/2016
Stanbic Bank expects Zambia to seal an IMF deal by December
In a note to investors shortly after President Edgar Lungu’s re-election, the bank said with the PF win, most of the groundwork has already been laid.
Regulation,Tax & Compliance
08/17/2016
Sanlam fined N$15m by competition regulator
“This conduct is specifically prohibited in terms of Section 23 of the Competition Act,” he stated.
08/15/2016
Money Transfer Fears For Nigeria's Economy
The country’s $20bn in annual remittances set to take a hit after central bank revoke the licenses of all but three money transfer companies
08/15/2016
Kenya: Munya Cautions Counties On Slow Remittance of Workers' Pension Deductions
The Meru County boss said it was important to safeguard workers' future especially in retirement.
08/12/2016
Lenders want new law for Islamic financing
Islamic banking has key differences from conventional banks
08/12/2016
Banks must evolve or risk irrelevance
The expert points out in recent years have also seen a host of new market entrants.
08/12/2016
MFB, ICD in services deal
To establish a new Islamic Bank in Nigeria
08/12/2016
State urged to draft separate rules for Islamic banking
“Even Uganda is coming up with a different Act to govern Islamic banking and that’s the way to go.”
08/12/2016
More regulation could actually improve financial inclusion in Africa
This allowed third-party entities, based in places as varied as supermarkets, gas stations and post offices, to act as agents for the banks.
08/11/2016
Accountants ask President Uhuru Kenyatta to pass rates law as banks make token cut
Commercial banks, which collectively booked Sh38 billion in pre-tax profits between January and March alone, are all members of the 46-member lobby group.
08/10/2016
Nigeria to allow banks to write-off some bad loans this year
Commercial banks asked the central bank to amend its rule requiring them to keep non-performing loans on their books for one year even after they have been fully provided for.
08/10/2016
China mulls venture into Rwanda's banking sector
FOCAC was created in 2000 to, among other things, cement Sino-African relations by establishing sustainable trade deals, political and cultural exchanges.
08/10/2016
Abu Dhabi Global Market signs deal with South Africa
It is the latest such agreement to be signed between ADGM and other financial authorities across the world.
08/10/2016
Reserve Bank fines GBS R500000 for Fica lapses
SA Reserve Bank found “weaknesses” in money laundering and financing of terrorism controls
08/09/2016
ADGM signs MoU with South African authority
Memorandum to enable greater cooperation on regulatory matters
08/08/2016
HFC awaits court’s ruling in Finatrade debt saga
A number of the banks in a bid to recover their monies from Finatrade last year dragged the company which is one of Ghana’s biggest commodity trading companies to court.
08/08/2016
Cordros Asset Management floats N1b fund for investors
It added that the minimum subscription amount in the fund is N10,000.00.
08/05/2016
Imperial Bank collapse boosts Diamond Trust
AKFED played a major role in helping the bank broker the December 3, 2015 deal with the Kenya Deposit Insurance Corporation
08/03/2016
CBN Directs Banks to Include BVN in Payment Cards
It was also noted that CBN told banks operating in the country that bank accounts without the Bank Verification Number (BVN) would be operated as “No Customer Initiated Debit”
08/02/2016
Several banks miss CBK deadline to disclose shareholding structure
Credit Bank also provided the structure and went further to disclose that since the bank is currently raising more capital through private placement, its current shareholding is subject to change.