12/22/2023
Warning over interest rates in South Africa
These are the latest findings from Bank of America’s Fund Manager Survey, looking at South Africa’s prospects going into 2024.
Regulation,Tax & Compliance
12/22/2023
Ghana to implement Action Plan on misinformation in 2024
The Minister stated that the Plan would include several strategies, including maintaining ethical standards in the media
12/22/2023
Government must finalise negotiations on salaries, conditions of service – CLOGSAG
Mr Addo said the National Executive Committee of CLOGSAG would be convened immediately after the festivities to address the concerns of members.
12/22/2023
Government must finalise negotiations on salaries, conditions of service – CLOGSAG
The utility bills have similarly been escalating and food prices are on the upward trend, as well as rent charges that are taking up a chunk of our salaries.
12/21/2023
GRA says it is confident SML contract will ensure revenue efficiency
This comes after a report by The Fourth Estate and subsequently published by some media outlets, alleging a 10-year contract by Finance Minister to SML with an estimated over $100 million annually.
12/21/2023
Local businesses should expand using AfCFTA – Akufo-Addo
More than 20 exporters received plaques and citations for higher level of performance, producing quality products and breaking new grounds in their operations.
12/20/2023
CBK faces upward rates pressure in January bond sales
The CBK has split the sale into two tranches, comprising a new three-year bond and the third re-opening of a five-year bond first sold in July.
12/20/2023
Tanzania: African Development Bank unveils Trade Finance Transaction Guarantee Facility to Bank of Africa Tanzania Limited
The Bank will provide a guarantee to confirming banks for the non-payment risk arising from the confirmation of letters of credit and similar trade finance instruments issued by BOAT.
12/20/2023
African Development Bank to withdraw international staff from Ethiopia
An AfDB spokesman did not immediately respond to a request for comment on the staff pull-out.
12/19/2023
A notable rise in CIT revenue
The data is compiled by the NBS from data provided by the Federal Inland Revenue Service
12/18/2023
African Development Bank Approves a U.S.$ 175 Million Facility for United Bank for Africa
The trade finance senior debt will provide UBA with much needed countercyclical dollar liquidity to support SMEs and local corporates involved in export-import related activities in the short to medium term.
12/18/2023
CBK seen cutting rates in 2024 as global peers signal shift
Looser monetary policy in advanced economies is expected to ease pressure on the domestic exchange rate by incentivising capital inflows to emerging and frontier economies like Kenya.
12/15/2023
European Investment Bank Partners Central Bank of Kenya for Climate Finance Initiative
Addressing barriers to green financing and promoting climate resilience in Kenya’s financial systems.
12/15/2023
IMF seeks stronger crypto regulation
Rules are not meant to return us to a pre-crypto world, nor to squash innovation.
12/14/2023
IMF board approves release of $151mln for Tanzania budget support
The IMF said Tanzania’s economic growth was expected to pick up this year, but faced challenges from an unfavourable global economic environment
12/14/2023
Government’s commitment to the implementation of RTI Act unwavering – Oppong Nkrumah
The Minister’s comments come following a comprehensive research initiative commissioned by the Ministry of Information, which focused on activities undertaken to test the flexibility of the law and its enforcement since its passage in 2019.
12/12/2023
CBN cancels large depositors’ fines amid naira scarcity
The apex bank directed all financial institutions regulated by it to accept all cash deposits from the public without any charges going forward
12/12/2023
Central Bank partners with EIB to lift green project financing
Kenya’s banking sector in 2018 channelled Sh27 billion in climate finance against the total loan book of Sh2.49 trillion, highlighting the sector’s risk averseness towards green projects.
12/11/2023
The proposed National Minimum Wage hike for 2024
In South Africa, the latest consumer price inflation, as published by Statistics South Africa, was 5.9% in October 2023, up from 5.4% in September 2023.
12/11/2023
The one thing that could hold the SARB back from cutting interest rates in South Africa
The National Treasury increased its borrowing to around R14 billion per week starting in August.