Category: Central Bank
π²πΊ Mauritius Police Issue Arrest Warrant for Ex-Central Bank Governor
Mauritius authorities have announced an arrest warrant for Harvesh Kumar Seegolam, the former governor of the countryβs central bank. The warrant, issued by the policeβs anti-money laundering unit, is tied to an ongoing investigation into an alleged conspiracy to defraud. This development marks a significant step by Prime Minister Navin Ramgoolamβs administration, which recently accused…
Cybersecurity Breach at Ugandaβs Central Bank: $17 Million Stolen, Probe Ordered
Uganda is in the spotlight following a major cybersecurity breach at the Bank of Uganda (BoU), with reports claiming that hackers siphoned off 62 billion Ugandan shillings (approximately $17 million). The government has ordered an investigation into the attack, which has sparked concerns about financial security in Uganda and across Africa. The Hack: What We…
Kenya’s supreme court overturns ruling that nullified tax hikes
Kenya’s Supreme Court on Tuesday quashed a decision by an appeals court nullifying the 2023 finance law, a victory for the government after protests forced President William Ruto to withdraw this year’s finance bill. The finance bills form the main vehicle for the government to set out revenue-raising measures, and Ruto’s administration has been relying…
π BRICS cooperation with Africa increases the bloc’s influence on the global economy – media
The influence of BRICS on the global economy is growing as the number of member countries increases, and the importance of cooperation with Africa is also growing, according to an analytical article in the Zimbabwean newspaper Herald. “As the number of BRICS member countries increases, so will the organization’s influence on the global economy. One…
πΉπ³ Tunisian MPs propose bill stripping central bank of exclusivity on interest rates, ending its independence
Tunisia’s central bank will no longer have the exclusive power to adjust interest rates or foreign exchange policy, and must only take such action in consultation with the government, but it will be allowed to finance the treasury, a bill proposed by lawmakers showed on Friday. The step is the latest move that will completely…
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