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African state steps up pressure on exchanges as it tries to halt speculation on naira
...It said its audit committee believed sticking with KPMG would “aid a smooth transition and ensure continued audit quality”. It means Deloitte will miss out on significant fees....
...Gonzalo Garcia, Goldman’s then co-head of European investment banking, quit shortly after being left off the committee....
...The geography of apartheid’s racial segregation persists and services like electricity and water are at breaking point owing to chronic under-investment, corruption and vandalism....
...“This [raise] is absolutely critical,” says Olanrewaju Odunowo, head of TechCabal Insights, which tracks funding flows in African tech....
...The committee includes Amia Capital, Amundi and Greylock Capital Management among other emerging markets investors....
...Johannesburg has been beset with deepening service delivery problems since the ANC lost control of the city in local elections in 2021....
...In December, Seychelles’ National Anti-Money Laundering and Countering the Financing of Terrorism Committee announced that it had opened a consultation on the possible licensing of operators....
...The number of active subscribers to its mobile money service grew to 72.5mn as the company finalised a deal with Mastercard that valued the fintech arm at $5.2bn....
...International Container Terminal Services, a Filipino company, will run Durban port after a deal was clinched with unions to protect jobs....
...Liberalising African aviation would “pave the way for rapid development of air transport service within Africa”, said Mesfin....
...Some 27mn registered voters will cast their ballots against a backdrop of soaring unemployment, rolling power blackouts and poor service delivery....
...MultiChoice’s Showmax platform is the continent’s biggest homegrown streamer, but it has had to invest heavily to scale up the service....
...The communications, telecoms and digital economy ministry cut mobile internet services on Monday, a sign that the government was restricting access to social media sites....
...The customs service said last week that it would auction 400 bags of beans it had seized at a border area....
...Nigeria has charged Binance and two of its executives with tax evasion, including one that escaped custody, escalating the legal stand-off between the African nation and the world’s largest cryptocurrency...
...The tax authority was admonished in February for what MPs on the Commons public accounts committee called “unacceptable” customer service....
...Rewane, whose firm provides advisory services to investors, said investors had been heartened by the central bank’s moves but added: “People are looking for clarity and consistency....
...The UN has implausibly argued that had the rating agencies applied “objective” ratings, African countries could have saved a staggering $75bn in debt service costs....
...The BBC risks reducing services to older people by its decision to divert spending from local radio to online services as part of a strategy to shift operations outside London, according to MPs....
...The case was later dropped by a parliamentary committee, and she has declared her innocence....
...In one long-running case, Gary Porritt, the former CEO of once Johannesburg-listed financial services group Tigon, was arrested in 2002 on more than 3,000 criminal charges....
...Tigran Gambaryan, a former US Internal Revenue Service special agent, is head of Binance’s financial crime compliance....
...In a letter to the committee, Abby Thomas, chief executive of the Financial Ombudsman Service, said the increase in complaint volumes “could be due to changes in banks’ processes and behaviours, but is also...
...He says he was given the themes by the committee, ADAC, which runs Benin’s arts and cultural development agency, but got to choose the artists....
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