Africa
Pandora Papers: Uhuru Kenyatta family’s secret assets exposed by leak
Another BVI company which Mr Muhoho owned had a $30m valuation in stocks and bonds as of November 2016.
DL News
Results for "Central Bank of Kenya Regulations"
2142 results.
Business
Crime in books than in Practice: Black Market Foreign Exchange Businesses in Focus
The operators, who are mostly African foreign Nationals, like Nigerians, Nigeriens, Malians, and the likes however give better rates than the official Forex bureaus in the exchange of currencies.
Dennislaw Research Desk
Courts
High Court to rule on no case submission by Essien, others on July 8
The Accra High Court would deliver its judgment on the application filed by Mr. Essien and the other three persons who stand accused of contributing to the bank’s collapse by illegally withdrawing depositors’ monies
DL News
Business
BoG converts rural banks into community banks under new reform
In a statement issued on Wednesday, the Bank of Ghana said the Rural Banking Sector has officially been converted into the Community Banking Sector under the Guideline on the Revised Microfinance Sector Framework, 2026.
DL News
Business
Court of Appeal reverses revocation of UniCredit’s operating license
The Central Bank’s revocation of UniCredit’s license was contained in an August 16, 2019 Statement which noted that the revocation had become necessary because the Financial Institutions including UniCredit, had become insolvent.
DL News
General
The departure which must itself be departed from-Comment on the Supreme Court Decision of GHANA TELECOMMUNICATIONS CO. LTD & ANOR v ATTA VI.
This writer submits that the Ogyeadom case could never, as perceived by the Court, have settled the question whether or not the Court is jurisdictionally competent to entertain and grant an application for stay of execution pending the dete...
Thaddeus Sory Esq.
Courts
Capital Bank Trial: 3rd accused denies signing letter engaging All Time Capital
While being cross-examined by Chief State Attorney, Evelyn Keelson, on Thursday, March 31, he stated that the documents were fake and that he did not draft them.
DL News
General
It’s not illegal to set up Development Bank of Ghana without Act of Parliament- Deputy Finance Minister
“I heard the Minority Leader say they will oppose any allocation for such an arrangement, but the government has already spent monies on various banks without going for any Act but still within the banking structures, the Bank of Ghana lice...
DL News
Courts
Court orders BoG to produce Capital Bank’s Statement of Account
This was after lawyers for the founder of the Bank, Ato Essien had earlier prayed the court to compel the Bank of Ghana to produce the said documents.
DL News
Africa
Zimbabwe Court outlaws statutes protecting commercial property tenants in landmark ruling
Previously, tenants were protected by Sections 22 and 23 of the Commercial Premises (Rent) Regulations, 1983, which authorised them to continue staying or using premises despite expiry of contract.
New Zimbabwe
Business
Africa's Trade financing: Central Banks' role could be the weakest link in PAPSS chain- UPSA Law Dean
The PAPSS was formally launched in January 2022. It is a centralized payment and settlement system for intra-African trade in goods and services. Africa currently has approximately 42 individual currencies.
DL News
Crime
Beige Bank trial: Accused to call 61 witnesses
His counsel, Mr Thaddeus Sory, made the announcement at the Economic and Financial Court Two Division of the High Court which is trying his client.
GNA
Africa
South Africa: Lawyer ordered to pay clients’ $80,116 stolen by scammer
Attorney Gavin Hartog believed he was transferring money to his client’s account but it went to a fraudster
Ground Up
Africa
South Africa: Leading law firm ordered to pay victim of cyber crime
Johannesburg High Court Judge Phanuel Mudau has ruled that ENS Africa must pay Judith Hawarden $293,335 plus interest, and pay the legal costs of the lawsuit on a punitive scale.
Ground Up
Business
NPA sanctions seven OMCs for illicit practices
The companies are said to have specifically violated Unified Petroleum Pricing Fund (UPPF) regulations, making false UPPF representations to the Authority, and engaging in third-party supplies
DL News
Business
Societe Generale to exit Ghana as it agrees to sell its subsidiary to Attijariwafa
Attijariwafa will buy 55.22 per cent, while the Social Security and National Insurance Trust (SSNIT) will acquire an additional 5 per cent. Together, the purchases account for Societe Generale Group’s full 60.22 per cent interest.
DL News
Courts
Court to deliver judgment on case against Ato Essien, 2 others December 1
Together with the former MP of the Bank, Rev Fritzgerald Odonkor, and a former MD of the MC Management Services, Tettey Nartey, they are standing trial for various offenses
DL News
Business
IEA wants Bank of Ghana Act amended
He suggested that Parliament determine their allowances to shield the bank from Executive influence.
DL News
Courts
GN Bank's action challenging its revocation fails at High Court
The court held, among others, that the Bank of Ghana could not be faulted for the move because it was a reasonable step taken to protect the public interest.
DL News
Africa
Kenya: Safaricom sued for alleged intellectual property theft
The case revolves around allegations that Safaricom copied an innovative idea, leading to a lawsuit by the inventor, Peter Nthei Muoki, and his company, Beluga Ltd.
AllAfrica