11/28/2023
CEOs’ woes as regulations cause headache
The number of CEOs worried about the risk posed by growing regulations on revenues of companies has more than doubled over 12 months
Regulation,Tax & Compliance
11/28/2023
High Court grants Ghana Revenue Authority power to recover GH¢179.4m
The court, comprising Justices Mrs Janapare A. Bartels-Kodwo, Alex Poku-Acheampong, and Jerome Noble-Nkrumah, delivered the judgment in response to an appeal filed by Maersk Drillship IV Singapore.
11/28/2023
Bank of Ghana maintains policy rate at 30%
The Governor said Central Banks were expected to maintain policy rates at high levels for much longer periods to contain the still-elevated inflation levels relative to targets.
11/28/2023
Guernsey's comprehensive life insurance offerings for South African institutions
These are international insurance wrappers assisting policy holders with, amongst other things, inheritance tax and succession planning.
11/27/2023
Rand manipulation: Treasury sets the record straight
The alleged misconduct by the banks involved a handful of traders, who, between 2007 and 2013, assisted each other on risk positions instead of following normal trading patterns on the market.
11/24/2023
Relief for South Africa as Reserve Bank holds interest rates
While a hold was widely expected, shock inflation numbers on Wednesday did let some doubt creep in among analysts, particularly with narrow votes to hold emanating from the previous two meetings.
11/22/2023
Shilling free fall slows after CBK reins in banks
The Kenya shilling could finally be finding a new footing after it slowed down its monthly free fall to one percent so far in November from the 4.3 percent in March
11/22/2023
Stepping up money laundering war
ESAAMLG recently conducted its second round of the Kenya mutual evaluation and released its report in September 2022.
11/15/2023
State pensioners’ register marked for clean-up
The Pensions Department has engaged the Civil Registration Department culminating in the formal request for all registered deaths in the last 20 years
11/15/2023
KenGen slaps Kenya Power with Sh364m fine
Kenya Power and KenGen are both majority-owned by the government, with the companies seen as strategic national assets in the energy sector.
11/15/2023
Oando, Afreximbank sign $800m deal
The continental lender, Afreximbank, said that the move perfectly aligns with its unwavering commitment to supporting indigenous African institutions.
11/15/2023
UK bank coughs up R43 million for manipulating the rand
The manipulation impacted the exchange rate of the South African Rand, which in turn affected various parts of the South African economy
11/14/2023
Duty-free goods cost KRA Sh30bn foregone tax
In 2021, the government did not collect IDL valued at Sh1.6 billion.
11/13/2023
Audit backs rule on quality checks per product small traders import
The Kebs rules require that each imported product be subjected to inspection although consolidated cargo poses difficulty in having each product subjected to verification owing to frequent mis-declaration.
11/10/2023
Interest on November bond rises to record 17.9pc as bids hit Sh89 billion
This is as investors put in bids of Sh88.8 billion against the target of Sh50 billion in the auction which closed on Wednesday.
11/10/2023
Higher tax for traders without digital ETRs
The Kenya Revenue Authority this week said that non-compliant businesses will be blocked from subtracting expenses from revenue that are subjected to taxation.
11/10/2023
Investec, Verto sign API deal for cross-border transactions
The company recently acquired a licence to operate in South Africa from the Financial Sector Conduct Authority.
11/09/2023
Eskom pushes ahead with major grid access changes
During a presentation to stakeholders, Eskom said that it made progress in processing the backlog of grid connection applications in terms of the IGCAR.
11/09/2023
Old banknote remains legal tender, says CBN
It was titled, ‘All Banknotes Issued by the CBN Remain Legal Tender.’
11/09/2023
This ‘tax alternative’ could end the fuel levy and cut petrol prices in South Africa
“While we understand that we are a cash-strapped nation, we can no longer afford to burden society with higher taxes and levies applied to the price of fuel,” said Wayne Duvenage, Outa’s chief executive.