06/01/2022
CBK governor hits back at parallel exchange rates claims
“They should understand that they are small in that sense and sort of go to the market like everyone else."
Regulation,Tax & Compliance
05/31/2022
Nigel Green fined and banned for five years in South Africa
The investigation revealed that Brite which was formerly known as deVere Investments South Africa (Pty) Limited, and deVere SA Acuma (Pty) Ltd, during the period 22 February 2010 to 1 August 2015 contravened various financial sector laws.
05/30/2022
Bankers pressure CBK to approve risk-based loans
Equity Bank said it was cleared to price loans at between 13 percent and 18.5 percent.
05/29/2022
VCC Act 2022: The missing piece of the Mauritius IFC jigsaw?
A VCC may be used as a vehicle for both traditional funds and alternative funds, including hedge, private equity, real estate and infrastructure.
05/25/2022
This is what FNB clients can expect in the next few months - Say goodbye to Private Bankers
FNB plans to continue modernising its branch network with a strong focus on digitisation, enhanced client service, and optimal cash solutions for clients.
05/25/2022
Banks should take note of how the OBS has dealt with complaints: the OBS 2021 Annual Report
The OBS remains a cost-effective and efficient way of resolving certain types of disputes between banks and their customers.
05/24/2022
Ghana increases interest rates again as inflation keep rising
"The committee took the view that it needed to decisively address the current inflationary pressures to re-anchor expectations and help foster macroeconomic stability," Addison told a press briefing in the capital Accra.
05/24/2022
Stricter ‘transformation’ rules for South Africa get the green light
The sectoral targets shall be published in the Government Gazette, allowing interested parties at least 30 days to comment on them.
05/24/2022
Union Systems partners Fidelity Bank to optimize trade finance operations
We are pleased to be able to assist Fidelity Bank with this automation project
05/24/2022
CBN open banking plan draws focus to risks, cybersecurity, data breach, fraud
It provides guidance on how TPPs can access and utilise customer bank data in a standard format to provide more open, transparent and competitive banking services.
05/24/2022
The world's largest law firm to combine with Zaanouni in Tunisia
Dentons' combination with Zaanouni Law Firm and Associates ("Zaanouni") would further accelerate Dentons' momentum to become the leading Pan-African law firm owned and controlled by Africans, across 17 locations on the continent.
05/20/2022
Polaris Bank, Lagos govt launch N1bn fund for artisans
“We are happy to partner with Polaris Bank in ensuring that this mandate is achieved, and we know that through this fund, thousands of artisan businesses across the state can become sustainable.”
05/20/2022
Reserve Bank talks up digital rand progress for South Africa
In April, the governor of the Reserve Bank, Letsetja Kganyago
05/20/2022
Nigeria wants banks, startups, and retailers to share customer data
More services would invite more people into the financial system, growing the economy and quality of life.
05/20/2022
Dean D’Sa, Founding Partner, IZAR: “FSC guidelines on green bonds are important as they set a minimum standard”
The legal infrastructure has not changed which is good because when structuring deals, you really want to have the comfort of stability.
05/18/2022
Sarb puts South African bank into receivership
Ubank is a small lender
05/13/2022
Financial Sector Assessment Program and Financial Sector Stability Assessment
Banks have withstood the crisis well, helped by liquidity support from Central Bank of West African States and policies to support domestic demand.
05/12/2022
Bank of Central African States Urges CAR to Annul Bitcoin as Currency
The bank urged the CAR to comply with CEMAC in promoting economic and financial cooperation and avoiding policies that may lead to monetary fluctuations.
05/12/2022
South African banks with the most fraud complaints
The number of complaints the Ombudsman for Banking Services adjudicated increased by 7% compared to 2020.
05/11/2022
Auditing watchdog sounds alarm about accounting standards in SA
"In the absence of such a body, there is a risk that there is self-regulation happening in the country, where interpretation of accounting standards is done by the private sector itself, which is such a risk,"