03/02/2022
Shaking up South Africa's anti-money laundering and counter-terrorist financing measures
The findings of the FATF’s mutual evaluation for South Africa were met with a commitment by the South African government
Regulation,Tax & Compliance
03/02/2022
Qatar, Nigerian Manufacturers to strengthen economic cooperation
The event would be followed by an economic forum between the stakeholders from both countries on Friday in Abuja.
03/01/2022
Stricter transformation and BEE rules planned for South Africa’s banking and finance sector
Since democracy, there has been some progress made toward both economic transformation in general and financial sector transformation specifically.
03/01/2022
SA banks accused of ‘collusion’
Whether it can be described as a trend or not is not the subject of discussion
02/28/2022
Kenya: Shift to Digital Payment Systems Takes Shape in Kenya
The NPS aims at supporting CBK's role in facilitating economic activities, livelihoods and its journey of becoming A World-Class Modern Central Bank.
02/28/2022
Lagos court freezes estate developer, others’ bank accounts
The counsel also informed the court that the notice of the sale of the property was in January 2022.
02/25/2022
South African court confirms arbitrator can rule on own jurisdiction
The SCA’s judgment provides effective and straight-forward guidance on this issue.
02/25/2022
Huge gap in black market, official exchange rate increase Forex scam as banks publish more names, Zenith leads
Breakdown On its website, Zenith Bank listed 990 foreign exchange (FX) offenders, while Polaris Bank and Sterling Bank listed 40 and 53, respectively.
02/25/2022
Suspect in Massive Kenyan Corruption Case Stashed Millions in Swiss Bank Account
The data was provided by an anonymous source to the German newspaper Süddeutsche Zeitung, which shared it with OCCRP and 46 other media partners around the world.
02/25/2022
The biggest risks to South Africa’s economy right now
Treasury said the government remains committed to stabilising the debt‐to‐GDP ratio by ensuring that spending is prudent and sustainable.
02/24/2022
Nigeria Sues JP Morgan For U.S.$1.7 Billion Over Malabu Oil Deal
It is alleged that the funds were used to pay political bribes.
02/23/2022
Commercial Bank Cameroun and European Investment Bank unveil EUR 12 million COVID resilience business financing initiative
The new private sector financing will help companies impacted by COVID-19 and is part of the EIB’s rapid response across Africa to strengthen economic resilience to the pandemic.
02/23/2022
South Africa Extends Incentives Period to Cut Carbon Emissions
That could provide some room to companies in Africa’s worst polluter and most-industrialized economy to align with environmental commitments
02/23/2022
Removal of Mauritius from European Union List of “High-Risk Third Countries”
The removal of Mauritius from the EU list follows the delisting of Mauritius from the FATF List of Jurisdictions under Increased Monitoring on 21 October 2021.
02/23/2022
Jersey Finance to Participate in Rwanda Delegation Visit
Over the course of the week, the Rwandan delegation – comprising of key representatives from Rwanda’s finance bodies and agencies – will meet with various Jersey stakeholders to learn more about our international finance centre.
02/22/2022
Investec to seek UK court approval over Ninety One distribution plan
Investec said the court meeting will be heard before a high court judge in London on March 15.
02/21/2022
President Kenyatta welcomes UAE's plan to establish an Innovation and Entrepreneurship Centre in Kenya
The innovation and entrepreneurship centre will focus on launching programmes, workshops and initiatives geared towards providing aspiring and established Kenyan entrepreneurs
02/18/2022
Three more jurisdictions sign MLI, which now has 99 signatories and parties
Thailand’s MLI position identifies 58 tax treaties that it wishes to be covered by the MLI, while Vietnam’s MLI position identifies 75 tax treaties that it wishes to be covered.
02/17/2022
EBRD backs digital platform to boost private-sector investment in Tunisia
As the pandemic intensified, investment agencies in various countries turned to digital tools to promote their services more successfully.
02/17/2022
Kenya Is Safe And Open For Business, President Kenyatta Assures Investors
A total of 192 countries are participating in the six-month world exposition in Dubai, with every country allocated a national day of honour.