10/14/2022
CBN Begins Sensitisation of MSMEs on New Borrowing Schemes
All you need to do is to walk to the financial institution, they will value what you are presenting and give you the loan.
Regulation,Tax & Compliance
10/14/2022
African Development Bank approves $75 million Risk Participation Agreement facility for FirstRand Bank Limited
It is estimated that when fully utilized, this RPA facility, will support approximately $500-600 million of trade over the next 3 years
10/13/2022
Court freezes three oil and gas firms’ accounts over non-disclosure of lifted crude oil
The court order directed the banks to file an affidavit of compliance within 14 days of receipt of the order.
10/13/2022
African Bank’s R1.5 billion deal to buy Grindrod Bank is ‘approved’
The acquisition started in May 2022 and it was reported that the deal to acquire Grindrod Bank was valued at R1.5-billion.
10/12/2022
Ghana finance ministry, central bank form committee for talks on IMF programme
A similar engagement will be undertaken with external bondholders, it added.
10/12/2022
CBK opens talks with telcos on separation of mobile money business
According to CBK, separation of mobile money business from other businesses by telcos will facilitate realisation of a secure, fast, efficient and collaborative payment system that supports financial inclusion and innovations that benefit Kenyans.
10/12/2022
New York Stock Exchange and JSE announce collaboration on dual listings
“The agreement that we have signed today with the NYSE will unlock opportunities for investors and issuers of both bourses,” said Fourie.
10/12/2022
Sweden reassures AfDB President of continued strong support for Africa
He explained that the African Development Bank monitored and tracked the impact of each bank investment on gender through a gender-marker system.
10/11/2022
Tribunal approves African Bank acquisition of Grindrod Bank
African Bank CEO Kennedy Bungane said: “This is an important step in the process of final incorporation and we commend the Commission and the Tribunal for their hard work and swift decisions.”
10/11/2022
Anti-money laundering task force reports successes
But the figures show there are still a lot of crooks out there.
10/11/2022
IMF Urges Nigeria to Address Institutional Corruption
Nigeria is a strong state.
10/11/2022
Switzerland shares bank details with Nigeria for first time
Five additional countries, including Nigeria, now benefit from an automatic exchange of banking information with Switzerland, taking the total to over 100 for the first time.
10/10/2022
What You Should Know About Use of Retirement Savings for Residential Mortgage (II)
The Guidelines provide that an interested applicant is required to obtain an offer letter for the property from the owner or approved agent and approach a Mortgage Lender to fill an application form.
10/07/2022
SBM sale revealed in court amid Sh11bn CBK support
The disclosure of the sale and exit of SBM Holdings from Kenya comes in a period that has seen the bank disclose it owes the CBK Sh11.3 billion offered to keep the troubled lender afloat.
10/07/2022
CBN disburses N2.1tr to real sector
Earlier in his address, the President of the Abuja Chamber of Commerce and Industry, Dr. Al-Mujtaba Abubakar, praised the CBN for coming to the rescue of MSMEs.
10/06/2022
Lenders face sanctions for failure to loan borrowers with negative credit history
The president argued that ‘blacklisting’ has ‘unfairly’ excluded millions of Kenyans from the formal credit system and denied others job opportunities.
10/06/2022
Why is Nigeria’s central bank debiting commercial banks?
After a monetary policy committee meeting in September 2022, Godwin Emefiele, the CBN Governor, disclosed that the bank was raising its CRR from 27.5% to 32.5% as part of its moves to mop up liquidity and combat rising inflation in the country.
10/05/2022
Reserve Bank sees need to raise rates further
At 6.25%, the benchmark matches its January 2020 level
10/05/2022
World Bank backs new push for loan restructuring amid Eurobond freeze
World Bank warning echoes what Central Bank of Kenya (CBK) Governor Patrick Njoroge told Bloomberg News that the financial markets have frozen Kenya out, making it difficult to maintain relationships in the capital markets and borrowing.
10/05/2022
Kenya: Cash-Crisis at First Community Bank as Customers Unable to Withdraw Funds
"We acknowledge that our customers may currently be experiencing challenges in some of their transactions occasioned by panic withdrawals informed by malicious rumors."