Commercial banks across the country are confident of meeting the new minimum capital requirement yet to be set by the Bank of Ghana (BoG).
The BOG last year disclosed that it will give commercial banks some space to meet a … Read the rest
Citigroup Inc. and Barclays Plc won’t be targeted for fines by South African antitrust authorities for colluding to manipulate the value of the rand because they co-operated with regulators, three people familiar with the matter said.
While they may not … Read the rest
South Africa-based MTN Group expects to report a full-year loss due to a $1 billion regulatory fine in Nigeria and underperformance there and at home, it said on Wednesday, sending its shares to a two-month low.
Africa’s most populous nation … Read the rest
Telecom operators have strongly opposed any attempt by the government to tax mobile money services in the country.
They argue that the move will be shooting down government’s efforts at achieving a cashlite economy.
The Head of Mobile Money at … Read the rest