07/18/2022
South Africa: Competition Commission investigates Google’s advertising monopoly
This begs the question of whether US tech giants are monopolising the continent’s relaxed regulations surrounding technology.
Regulation,Tax & Compliance
07/18/2022
SRC, governors fight over Sh2.3bn exit pay
The SRC says the government will require Sh2.3 billion in the first year to cater to the juicy perks sought by governors and their deputies.
07/15/2022
Development Bank Agrees to Help Zimbabwe Clear $13.5 Billion Debt
AfDB and Zimbabwe are looking for ways Harare can get access to international financial money while the debt is being settled over a long period.
07/15/2022
World Bank approves $300mln grant to Mozambique
The World Bank money will be used to support budgetary institutions, improve transparency and the business environment
07/15/2022
Stakeholders Call for Flexible Regulation of IoT Ecosystem in Nigeria
The first book is titled ‘Datafication of Society to Foster an Internet Economy’ and the foreword was written by the Secretary General of the International Telecommunication Union (ITU), Mr. Houlin Zhao, who has had a long distinguished career
07/15/2022
Gabon: African Development Bank and Government Discuss Partnership and Development Priorities for 2023-2027
Ms. Roboty thanked the Bank “for accompanying Gabon in implementing its programmes.
07/15/2022
A top banking CEO has sent a stern warning to South Africa
South Africa has previously been found wanting in all 11 of the task force’s effectiveness measures to combat money laundering and the financing of terrorism.
07/14/2022
Central Bank Welcomes DRC’s Admission Into The East Africa Community
The DRC’s admission to the EAC also means it joins the institutions of the Community, including the EAC’s Monetary Affairs Committee (MAC).
07/14/2022
South African Central Bank to Look at Regulating Crypto
The country may also issue a central bank digital currency.
07/14/2022
AfDB Approves €87 million Loan To Expand Social Coverage in Morocco
Over the past years, Morocco has worked to integrate workers into the formal economy to generalize social protection benefits.
07/12/2022
Standard Bank drops mandatory Covid vaccines in South Africa – as new CCMA ruling calls them ‘unconstitutional’
In an emailed statement, the bank said it took a range of factors into account in reviewing its policy, including recent regulatory developments, the current state of the pandemic in South Africa, and the high vaccination rate amongst its employees.
07/12/2022
DBN to address MSMEs’ financing constraints
“With a total of about 17.4 million, they account for about 50 per cent of industrial jobs and nearly 90 per cent of the manufacturing sector.”
07/12/2022
Strict transformation rules coming for lawyers and other jobs in South Africa
The government is also expected to conclude the legislative process for the Employment Equity Amendment Bill in September 2022, in what is expected to be the vanguard of a new transformation push for the country.
07/11/2022
Finance Ministers, Central Bank Governors Seek IMF, W’Bank’s Rapid Debt Relief for Africa
This year’s African Caucus held under the theme, “Towards a Resilient Africa,” and called for a rapid implementation of the commitment made at the G7 Summit in June 2022
07/11/2022
Central Bank Governors, Finance Ministers Beg Again For Africa’s Debt Relief
Morocco is chair of the Caucus
07/11/2022
Central Bank Governors, Finance Ministers Beg Again For Africa’s Debt Relief
It should be noted that the call for debt relief for Africa did not start today as exemplified by the call last year made by the President of African Development Bank, Dr Akinwumi Adesina.
07/11/2022
Bank Raises Prime Lending Rate to 11.96% on Inflation, Hike in MPR
The prime rate is the interest rate that banks charge their most creditworthy customers, generally large corporations.
07/11/2022
Lawyers Ask Court to Nullify Acquisition of Union Bank by Titan Trust Bank
In the suit, Mekwunye, also a Union Bank shareholder, had contended that Union Bank’s sales to Titan Trust Bank by Union Global Partners and Atlas Mara Ltd did not follow extant laws of Nigeria regulating such transactions.
07/07/2022
Standard Bank warns of new tax scam targeting customers
Keep your login details, passwords or account information private.
07/07/2022
Zimbabwe to mint gold coins to tackle rising prices
The statement also said each coin will be identified with a serial number and can be easily converted to cash, locally and internationally.