12/01/2016
Absa launches home loan estimator
Absa addresses the challenge of affordability with the launch of its Home Loan Estimator.
Regulation,Tax & Compliance
11/25/2016
Dubai-based firm forms $1.6 billion steel plant joint venture in Algeria
Funding for the project will come from equity investments and long-term bank loans, Sethi told Reuters.
11/24/2016
East Africa: AfDB Gives U.S.$75 Million Financing to Enterprises in East Africa
East Africa is one of the most economically vibrant regions on the continent
11/21/2016
Brazil is breaking with its south-south focus. What it means for BRICS
Brazil seems to be moving away from those ideals, raising questions about its continued membership of the BRICS.
11/21/2016
How Standard Chartered Bank ignored Nigeria’s rules on Forex
The bank is to make the refund, being excess profit made from the sale of $48.6 million to a foreign customer above the inter-bank market exchange rate agreed by all operators and approved by the CBN.
11/18/2016
COP22: WB & Morocco to establish GGIF for Africa fund to boost green economy in Africa
The agreement to launch GGIF for Africa was signed between the World Bank represented by its MENA region vice-president Hafez Ghanem and Ithmar Capital, a sovereign Investment Fund.
11/18/2016
Economists cut Kenya's 2017 growth projection
Data from economic think tank Focus Economics.
11/17/2016
Ghana: Banks receive 2nd payment of VRA ‘legacy debt’
19 banks owed under the ‘legacy debt’ received second payment in the first quarter of September
11/17/2016
South Africa: Tips for Safe Banking During Festive Season
SABRIC says fraudsters take advantage of the fact that consumers receive bonuses, spend more money and are generally more relaxed because they are in holiday mode.
11/17/2016
FG Moves To Stop Double Taxation, Tax Invasion Between Nigeria, Singapore
The minister explained that it would encourage more direct foreign investments into Nigeria, allow investors to know what their tax obligations will be and ensure sustainable tax regime for each country.
11/17/2016
China’s first Silk Road International Bank launched in Djibouti
According to a report by 163 news, the agreement was the first to confirm the distribution of equity within the bank, the first African bank a Chinese enterprise has acquired a licence for.
11/16/2016
Rethink interest rate policies – Apex Bank
They should institute risk management policy to identify, assess, monitor and control risks.
11/15/2016
Zimbabwe Central Bank secures US$150m to stabilise nostro accounts ahead of bond notes introduction
The money would be used by banks to meet their customers’ requirements.
11/15/2016
Are Swiss Banks Really Returning Africa’s Stolen Loot?
Tanzania’s foreign minister announced earlier this month that the country has signed a memo of understanding with Switzerland to help recover money illegally stashed in Swiss banks by Tanzanians
11/15/2016
IMF lifts sanctions against Zimbabwe – report
IMF confirmed on Monday that it had removed the remedial measures against Zimbabwe
11/14/2016
Zombie banks stalk Africa with mergers one way to limit risk
Ghana is telling banks to combine and raise funds through the stock market.
11/14/2016
Union Bank’s Share Sale Seen Damping Demand for Nigerian Lenders
It is asking that a special resolution be approved to increase authorized share capital to 17.5 billion naira from 9.5 billion naira.
11/14/2016
CBK gives nod to prosecution of ex-Family Bank staff linked to NYS heist
The prosecution of the officials will have a positive effect on the sector and enhance accountability
11/13/2016
BoG, IFC launch partnership on corporate governance
Launched in 2015, the AfCGP is a four-year programme funded by the State Secretariat for Economic Affairs (SECO)
11/10/2016
CBN Goes Tough On Illegal IMTOs, Banks Over Remittance
It noted that its attention had been drawn to the increasing patronage of illegal IMTOs by Nigerians in the Diaspora for the purpose of home remittances.