04/24/2023
Biometric Registration of SIM Cards and Other Changes On the Way
The new regulation also mandates the registration of communication devices and of distribution agents and resellers.
Regulation,Tax & Compliance
04/24/2023
African Development Bank, ILX sign partnership to mobilize European institutional capital for sustainable projects across Africa
ILX Fund I provides a scalable $1 billion private credit investment strategy to be deployed across emerging and developing countries, co-financing with global Multilateral Development Banks (MDB) and other DFIs.
04/24/2023
Transaction errors: 4.6million customers demand N137bn from banks
The banks covered in this analysis include Guaranty Trust Holding Company Plc, Wema Bank Plc, Union Bank of Nigeria Plc, United Bank for Africa Plc, Zenith Bank Plc and the FCMB Group Plc.
04/21/2023
Eskom blocks private producer from cutting load shedding
No documentary or expert evidence of this possibility was put forward by Eskom, the firm said.
04/21/2023
South Africa’s strict new BEE and transformation laws – what you need to know
Designated employers are now any business, irrespective of turnover, that employ more than 50 people
04/20/2023
Rich investors to buy extra shares without CMA approval
The investors are allowed to seek regulatory exemption from the complete purchase of the company.
04/19/2023
State takes aim at big telcos with fresh dominance rules
Analysts reckon the 25 percent threshold had captured many operators, defeating the purpose of the law, which is to focus on dominant players.
04/19/2023
Albert Janse Van Vuuren: Technology can turbocharge SA’s exit from the greylist
Banks need to implement solutions that use global best practice for know-your-customer activities
04/19/2023
Currency in circulation rises by 71% to N1.6tn – CBN
Figures obtained from the CBN revealed that N2.3tn was mopped up from circulation during the period under review.
04/18/2023
Development Bank Ghana secures $70m to establish partial credit guarantee subsidiary
He said the prevailing macroeconomic conditions such as high inflation, currency depreciation, and fiscal constraints, had created an uncertain business environment, compelling banks to take a more cautious approach to lending
04/18/2023
Apex Group appointed as investment fund administrator for the EPPF
Retirement fund appoints leading South African investment fund administrator following highly competitive tender process.
04/17/2023
CA ordered to intervene in Safaricom, Geonet dispute
The firm’s roaming services are dependent upon it being interconnected with local mobile operators such as Safaricom and Telkom.
04/17/2023
Ghana expects IMF loan approval by June – Finance Minister
He added that $20 billion of external debt was eligible for restructuring 66 per cent of the external debt stock. Of that, $5.4 billion in official creditor debt will be restructured.
04/17/2023
Zimbabwe joins OECD Global Forum to help fight tax evasion
These objectives are achieved through a robust monitoring and peer review process.
04/14/2023
CBN to mop up dormant account balances, unclaimed funds
The circular, which was signed by the Director of Financial Policy and Regulation Department of the apex bank, Chibuzor Efobi, also called for inputs which should be sent within three weeks.
04/14/2023
Watchdog starts probe on banks for dollar price fixing
This mirrors the heightened probe of global banks years ago in Europe, Asia, the United States and South Africa over allegations of price-rigging in currency markets.
04/14/2023
Big push to overhaul visas in South Africa
The president added that as the government is reforming the visa regime, it is investing in skills development to ensure that domestically there is no longer a massive skills deficiency.
04/14/2023
Businesses respond to new BEE and transformation laws
According to Coovadia, a notable issue relates to measuring complaints and issuing compliance certificates as a licence to do business with the state.
04/11/2023
ADF approves $8m to improve banking system in West Africa
“Approval of funding from the bank’s concessional lending window was made on March 29,”
04/11/2023
West African Monetary Institute to receive $8 million from African Development Fund to support enhanced banking identification and financial sector efficiency in the West African Monetary Zone
The new bank identification system will link banking accounts of individuals across different financial service providers.