08/24/2022
More Money For Bank Customers As CBN Increases Interest On Deposits
Daily Trust reports that the CBN recently directed banks to pay savings deposit accounts an interest rate of at least 4.2%; from the 1.4% that previously obtained.
Regulation,Tax & Compliance
08/22/2022
South Africa’s much vaunted financial systems may face existential threat
If South Africa wanted to avoid being put on a grey list it needed to up its systems and policies.
08/18/2022
Bank of Ghana raises policy rate to 22 per cent
BoG is betting on the measures to help arrest the cedi depreciation which has heightened in the face of growing micro fiscal challenges.
08/18/2022
Why the Reserve Bank fined Nedbank R35m
Strict compliance with comprehensive legislation keeps our money safe and criminals at bay.
08/17/2022
Pensioners Bemoan Disparity in Pension Benefits, Accuses PTAD of Altering Payment Scale
The pensioners said the present payment scale used by PTAD for their monthly benefits falls far below what was contained in the table of consequential adjustment in pensions arising from the implementation of the National minimum wage.
08/17/2022
AG Mortgage Bank partner FITC on growth
This was made known during the signing of the Memorandum of Understanding (MoU), at the bank’s office in Ikeja, Lagos.
08/17/2022
Digital finance in Mozambique: A new era for financial services
Although technological innovation in banking and finance is not new, the growing investment in new technologies has substantially increased the pace of innovation in recent years, which in turn has resulted in an equally substantial growth in demand for n
08/15/2022
Reserve Bank of Zimbabwe 'Developed a Roadmap for Adoption of CBDC,' Says Governor
Mangudya also revealed that two fintech startups had been admitted into the central bank’s fintech regulatory sandbox.
08/15/2022
Kenya’s bancassurance firms dwindle 70% on regulation changes
Insurance regulator says some lenders have not complied with new rules , more approvals soon
08/15/2022
Banks Only! SARB keeps banking sector exclusive
Sekunjalo had offered to immediately commit R250 million to Ubank’s recapitalisation and pledged to locally raise a further R250m.
08/15/2022
Why are the World Bank’s Ambitions for SDG4 so mediocre in West Africa?
The goal which is focused on education aims to “ensure inclusive and equitable quality education, and promote lifelong learning opportunities for all.
08/12/2022
Rwanda makes biggest interest rate rise to 6pc
The uptick in inflation is expected to undermine the country’s economic growth prospects
08/12/2022
‘Nigerians have embraced non-interest banking’
Answering questions on the bank’s impact in the last 10 years, Hassan Usman explained that it has successfully grown from three branches at inception to over 45 branches across the country.
08/10/2022
10 things you need to know about South Africa’s proposed two-pot retirement system
The new system is planned for 1 March 2023, although the Treasury said that this is probably optimistic.
08/10/2022
Pension complaints and solutions
PENCOM: Your application has been received and processed; payment is subject to release of funds from the Federal Government.
08/09/2022
FG to implement telecoms, beverage taxes in 2023
“Beyond making our position known, we will go behind the scenes and go against any policy that will destroy the digital economy sector. We will go to any extent to legitimately and legally defend its interest.”
08/09/2022
Tanzania's central bank proposes liquidity mop up amid rising inflation
The Monetary Policy Committee (MPC) of the Bank of Tanzania has agreed on a plan to mop up excess liquidity in the country's economy in a bid to tame inflation.
08/09/2022
Libyan, Tunisian Central Banks to enhance cooperation
The MoU aims at developing financial transactions, launching initiatives and training Libyan youth to keep pace with development in the banking field.
08/08/2022
Banks Shun Lending to Real Sector as Deposit With CBN Surge by 12%
The applicable interest rate on SDF moved to 7 per cent at an asymmetric corridor of +100/-700 basis points around the 14 per cent MPR in July 2022.
08/08/2022
Banks fingered for undermining regulatory authorities in SA, developing countries
Talking to SABC’s Vuyo Mvoko recently, Bonakele reflected that the banks were among the worst in the world when it came to supporting the economy.