02/15/2023
IMF Resident Advisor assigned to BoG to provide technical assistance
The Bank of Ghana notes that the Advisor will support the implementation of Pillar 2 and 3 of the Basel II/ III capital frameworks
Regulation,Tax & Compliance
02/14/2023
ZAR X exchange licence cancelled
In line with the sector’s regulations, ZAR X is now required to immediately inform all affected persons and all affected stakeholders of the immediate cancellation of its licence and cease all business of an exchange.
02/14/2023
Another state of disaster declared in South Africa
The floods have damaged homes, businesses, basic infrastructure, roads, and bridges and affected crops and livestock.
02/14/2023
World Bank urges Ghana to boost human capital to accelerate growth
The World Bank has had a productive engagement in the Ghanaian education sector over the past three decades.
02/13/2023
Ruto fixes CBK legal hitch with deputy governor appointment
The law enacted in 2015 demands that the executive team at the CBK be composed of the governor and two deputies.
02/10/2023
KRA set to tax hedging profits under new rules
Players in Kenya’s rapidly growing foreign exchange trading market are now also within KRA’s net.
02/09/2023
Flutterwave Expands into North Africa After Bagging PSP Licence in Egypt
“This, for us, is the beginning of other strategic wins in the North Africa and Middle East regions.”
02/09/2023
Employers to take the biggest hit as NSSF implements Act
Though employees will see their deductions go up, they stand to be the ultimate beneficiaries of better retirement perks at maturity.
02/09/2023
Naira gains 0.07% at investors, exporters window
A total of 55.52 million dollars was traded at the official Investors and Exporters window on Thursday.
02/09/2023
More banks shut down as new notes scarcity persists
This came amid a Supreme Court injunction asking the Central Bank of Nigeria not to implement the February 10 deadline.
02/07/2023
Nigeria’s central bank to address issue of ‘exorbitant’ PoS fees shortly
PoS operators are now charging 10% withdrawal charges due to scarcity of new naira notes
02/07/2023
Treasury takes biggest overdraft
The official report shows that the outstanding overdraft at the Central Bank of Kenya (CBK) rose to Sh64.51 billion by end of Friday last week
02/07/2023
New court ruling keeps SARS in check
In this case, the taxpayer in question is a shareholder in several companies that loan money to one another, and a central issue in the tax dispute was the loan account in one of the taxpayer’s companies.
02/06/2023
Warning over national state of disaster in South Africa
“Under a state of disaster, the executive can issue regulations that limit rights, but only if, in doing so, they achieve the objectives of the state of disaster.”
02/06/2023
These businesses in South Africa need to fall in line with regulation changes – or face massive fines and jail time
Organisations that provide credit to clients are also likely seen as accountable institutions according to FICA, even if the National Credit Act applies.
02/03/2023
MPs shield 1,764 regulations from expiry with extension
The law further stipulates that Cabinet secretaries consult with the relevant committee of Parliament to make regulations extending the operation of the statutory instrument for not more than 12 months.
02/03/2023
Hilary Joffe: Kganyago spells out dual mandate issue
What if the ANC didn’t like the Reserve Bank’s intervention in labour market policy?
02/03/2023
Access Bank eyes new acquisition after collapse of Sidian Bank deal
It said although regulators were supportive in engagements around the Sidian Bank transaction, certain conditions needed to prudently complete the deal were not met.
02/03/2023
Eskom COO job to be scrapped after Oberholzer retires
Oberholzer was a regular fixture at the Eskom media briefings, but he did not appear at Thursday's event.
02/02/2023
Kenya proposes new bank to fund only green projects
Official says the bank will be responsible for developing credit guarantee instruments and schemes