New Financial Services Legislations amendments – Seychelles The President of the Republic of Seychelles, Mr. Wavel Ramkalawan vetted the new financial services legislation amendments following the approval of the National Assembly. The amendments have been gazetted on the 6th of August 2021. The proposed amendments pertain to the International Corporate Service Providers (ICSP) Act that governs businesses that are known as Corporate Services […]
Auction of 91-Day, 182-Day and 364-Day Treasury Bills
Auction of 91-Day, 182-Day and 364-Day Treasury Bills The Central Bank of Kenya is putting 91-Day, 182-day and 364-Day treasury bills on auction this Thursday 29th July with the value dated set on next Monday 2nd August. The previous average interest rates of the bills were 6.477%, 6.955%, and 7.432%, respectively. What are Treasury Bills Treasury Bills are secure, short-term investments on […]
Auction of new benchmark five-year Government of Mauritius Bonds 2021
According to the issuance plan dated April 22nd, 2021 and under section 5 of the Public Debt Management Act 2008 and section 57 of the Bank of Mauritius Act 2004, the Bank of Mauritius (BoM) is pleased to advertise the issue of a New Benchmark Five-Year Government of Mauritius Bonds. They will mature on May […]
Estate Planning in 2021: What you need to know – effective solutions.
With the uncertainty we face during the COVID-19 pandemic, the need for effective estate planning has become more apparent. Furthermore, the prospect of important changes to the federal transfer tax regime makes 2021 the ideal time for attorneys to help their clients focus on updating old estate planning documents, create new ones to ensure assets […]
Introduction of a Regulatory Framework to Facilitate Foreign Currency Borrowings by Licensed Finance Companies 2021
The Monetary Board of the Central Bank of Sri Lanka (CBSL) issued directions on foreign currency borrowings by Licensed Finance Companies (LFCs) on 9th April 2021 with a view to provide flexibility for LFCs to obtain low-cost funding from foreign sources to support their business expansions. The objectives of these directions are to stabilize any […]
Adoption of Mobile Money in Africa Post Covid 19
As COVID-19 developed in the landmass’ significant economies, Africa’s leader in digital payment adoption have turned to mobile money as a public-health tool. In the midst of the innumerable estimates that have been reported as of late because of the Covid pandemic, both public and private, many nations across Africa have just dispatched and […]
Comfortable Retirement – How much You’ll Need
Research by Royal London finds that the average UK earner will need a pension pot of £260,000 to maintain their living standards. It’s called ‘the pension mountain’ – the size of funds required by savers to afford a comfortable retirement that keeps them in similar financial circumstances to their working life. The figure has leaped […]
IMTI – What it is and How it is Calculated
IMTI, or in full, the International Money Transfer Index™ (IMTI™) provides a measure of the cost of international bank-to-bank money transfers from countries around the world such as Australia, Canada, the UK and US. The IMTI is of help to those who are looking to better understand the costs of transferring money internationally. It provides […]
SME Market – International Money Transfer’s New Vertical
An Underserved Market? The SME segment is set to be hugely impacted by last week’s announcement by World First about the launch of an international payments platform designed specifically for the SME (Small Medium Enterprise) market. The platform will give companies an alternative to open multiple foreign currency accounts with one or more banks. World […]
Money Transfer Providers – The Easiest Way to Compare
A number of companies today offer consumers an easy way to compare money transfer providers and methods for sending money overseas. Often, this is the best way to compare your options and find a transfer service that meets your needs. These companies offer businesses and individuals a range of choices for the best and most […]