11/10/2022
Bank of Central African States to launch new banknotes, coins by mid-December
In Central Africa, the renewal of banknotes and coins takes place in principle every ten years.
Regulation,Tax & Compliance
11/09/2022
COP27: European Union concludes a strategic partnership with Namibia on sustainable raw materials and renewable hydrogen
The partnership will promote local value addition in Namibia by supporting the development of the mining and renewable hydrogen value chains.
11/09/2022
Banks hit big companies with higher interest rates
Personal loans to individuals were attracting an average interest rate of 13.2 percent in September, up from 12.1 percent a year earlier.
11/09/2022
Greylisting could shut South Africa out of certain financial markets
In the past year the South African local authorities have not done enough, nor acted fast enough, to address the recommendations from the FATF report
11/08/2022
CMA Licenses Salus Wealth Management Limited As An Investment Adviser
The market regulator also granted consent for the registration of the Kuza Asset Management Unit Trust Scheme
11/08/2022
Morocco, AfDB Sign Loan Deals to Boost Agriculture and Social Protection
Morocco seeks to mitigate the crisis affecting the agriculture sector- one of the key pillars of the country’s economy.
11/08/2022
Central bank assets enjoy ‘99%’ immunity
The International Tribunal for the Law of the Sea ordered Ghana to release the Libertad
11/08/2022
Naira redesign: CBN, banks ready for transition
Having put that behind, the CBN appears set to implement the Naira change as banks begin compliance with its directive to get ready for a smooth transition to the new currency note.
11/07/2022
Warning over South Africa’s greylist rush
That means South Africa has to address its partial compliance or non-compliance with 20 of the FATF’s “Forty Recommendations” by February 2023.
11/07/2022
Former CEO of Beige Bank charged with money laundering, theft
The Bank’s license was revoked by BoG on August 1, 2018.
11/07/2022
Union Bank, Attijariwafa seal pact to expand African footprint
Union Bank and Attijariwafa will develop new joint business opportunities for their respective customers that seek to support the trade finance and investment corridors between Nigeria and all the countries where Attijariwafa operates.
11/07/2022
MAS to cooperate with Ghana to open trade and financial corridor
It will work with the Bank of Ghana and the Development Bank of Ghana for the project.
11/07/2022
FG denies payment of half salary to ASUU in Oct.
He described both reports as grossly inaccurate, misleading and brazen distortion of the facts.
11/04/2022
World Bank approves $497m Komati switch to renewables
SA’s power sector contributes to 41% of the country’s CO₂ emissions, according to the World Bank
11/04/2022
Ramaphosa suggests Soweto debt to Eskom can be scrapped
The power utility is owed R5bn by residents
11/04/2022
Transnet to reprioritise budget to allow for wage hikes
Group CEO Portia Derby says the R8.5bn given by the state in the medium-term budget will fund the repair of infrastructure
11/04/2022
Administrative Court Finds Shortcomings in the State General Account
TA indicates that there have been improvements in the management of public funds.
11/02/2022
Banks collapse: Gov't erred — Bagbin
He has indicated that the government erred in not supporting local banks to succeed following the clean-up of the financial sector.
11/01/2022
President Nana Akufo-Addo announces budget cuts to salvage economy
Growth slowed and money borrowed in the markets became increasingly high in price.
10/31/2022
TymeBank warns customers against becoming unwitting ‘money mules’
Says criminals in search of bank accounts through which to launder money raise the risk of consumers being arrested and their credit and financial standing damaged.