10/03/2015
Germany Commits 37m Euro To Boost Regional Integration
The programme is focusing on institutional strengthening of the EAC Secretariat and on supporting the implementation of the Customs Union, Common Market Protocols and Monetary Union.
Regulation,Tax & Compliance
09/29/2015
Swiss Join IFC to Promote EAC Corporate Transparency
The Swiss State Secretariat for Economic Affairs (SECO) and the IFC, are cooperating in the implementation of the East African Chapter of the African Corporate Governance Programme.
09/28/2015
South African ‘RDR’ is call to arms for industry
The new rules will make it clear which advisers are independent or ‘tied’ to product providers.
09/25/2015
The trouble with SA’s competition law
South Africa’s tough new competition legislation is proving hard to implement. Here’s why. By Mike Holland and Jannie Rossouw.
09/25/2015
Nigerian Firms In Trouble As Central Bank Measures Bank Fire
The central bank has restricted access to foreign currency to import 41 categories of items to stop a slide of the naira but the Manufacturers Association of Nigeria (MAN) said this in fact amounted to about 680 individual items.
09/23/2015
Mauritius: Investment Promotion and Protection Agreement Signed With Dubai
The Mauritian delegation also had meeting with potential investors
09/23/2015
With bitcoin use on the rise, African countries eye regulations
The Nigerian central bank is set to propose new rules
09/22/2015
Nigeria central bank governor under fire over currency controls
But critics say the measures are inflicting pain at the worst time for Nigeria.
09/21/2015
TSA Implementation: Banks Ponder Review of Business Models
Apart from the spirited efforts of government agencies to meet the deadline, last week was also characterised by fears of a possible liquidity squeeze in banks
09/18/2015
Angolan central bank steps in to stem currency slump
The kwanza was officially trading at 135.96 to the dollar
09/15/2015
Lawyer arrested by ICPC for allegedly defrauding FG of N928m
The ICPC on Tuesday, disclosed this in Lagos in its recent in-house news bulletin, where it said that the suspect defrauded the Federal Government of the said amount.
09/14/2015
Regulator investigates Stanbic over fees disclosure
The central bank has also introduced stricter capital requirements, which would come into effect next year, aimed at helping lenders shore up their balance sheets in the wake of lower oil prices.
09/13/2015
Bankers defer blame on Rwanda rates
During the latest presentation of the monetary policy and financial stability committee statements he asked commercial banks why.
09/12/2015
Corporate incest that killed Tetrad
It is understood that the venture was killed by declining business volumes, an illiquid market and corporate incest.
09/09/2015
SEC suspends Stanbic IBTC’s N20.4b rights issue, as shareholders allege unapproved transactions
The Executive Secretary/Chief Executive Officer, FRC, Mr. Jim Obazee, stated that the move was in response to a petition written by shareholders of the bank
09/07/2015
Fears that banning broker commissions could hit clients
The review has proposals geared at tackling these.
09/04/2015
Illicit flow of funds costing Africa R50b annually
Africa loses more than R50bn every year as a result of the illicit flow of funds, former president Thabo Mbeki has said.
09/03/2015
Bankers welcome BoG’s approval of Islamic banking in Ghana
The Bank of Ghana has revealed it will complete the process to issue the first Islamic banking license in Ghana in the next 4 months.
09/02/2015
African Bank report out soon
An investigation into whether fraud or reckless lending was responsible for the collapse of African Bank Investments in August 2014 will be published by the South African Reserve Bank by year end.
08/30/2015
IMF comes to town
THE International Monetary Fund team will jet in tomorrow for a review of the second economic reform plan for Zimbabwe amid indications that the country has met some of its set targets.