08/08/2023
The CBK’s proposal entails stopping the transfer of net profits to the general reserve until the new reserves reach a maximum amount of 5 billion dinars, which is four times higher than the previous ceiling of 1 billion dinars.
08/07/2023
This aims to stop the corruption that is fraught in the current decentralised procurement system.
08/07/2023
About 11 commercial banks have announced different interest rate increases on Savings
08/04/2023
About 110 participants from 45 African countries attended the training.
08/03/2023
On the same day, the Economic Community of West African States (Ecowas), a larger regional grouping, also imposed sanctions on
08/03/2023
The letters, signed by Herbert Smith Freehills South Africa Attorneys Inc, were issued on July 21 and gave Sekunjalo a 30-day notice period before closure of the accounts.
08/02/2023
He noted that the commission would continue to drive broadband penetration, which would provide the backbone upon which the process will thrive.
08/02/2023
A fugitive who consents to be returned to another country for prosecution under the new law shall be advised on his or her rights as well as the legal consequences of the simplified procedure.
08/01/2023
A 409% jump from 2021
07/31/2023
The implementation of new government foreign exchange policies has also contributed to a renewed interest in the stock market.
07/31/2023
It also intends to help SMEs operating in several African countries gain access to trade finance instruments.
07/31/2023
In addition, the Bank incurred revaluation losses on its foreign assets and liabilities due to exchange rate depreciation, leading to a total loss of GH¢55.12bn equity in 2022.
07/28/2023
The CBK is required to explain reasons why inflation has breached the upper limit and discuss with the lender potential policy responses and the outlook on inflation.
07/28/2023
Deal would encourage more investment on the continent, says minister
07/27/2023
The PA can also designate certain actions as not being the “business of a bank” for purposes of the Banks Act.
07/27/2023
In June 2023, PAPSS signed a memorandum of understanding (MOU) with five African multinational commercial banking groups for seamless cross-border trade payments.
07/26/2023
The MPC’s future decisions could also be influenced by what happens to interest rates in the US.
07/26/2023
The Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2023, was approved by a Cabinet meeting chaired by President William Ruto on July 18.
07/26/2023
The fringe benefits tax is imposed on employees receiving extra welfare benefits such as cheap loans in addition to their wages.
07/26/2023
The auditing of these payroll remittances signifies our unwavering dedication to a robust and meticulous financial system