Author: The Editorial Team

LAGOS (Capital Markets in Africa) — Top executives at companies hit by accounting scandals could lose their bonuses under U.K. proposals for beefed-up regulation after a wave of corporate collapses including Carillion Plc and travel firm Thomas Cook Group Plc. The government proposed creating a new regulator with the power to wield a range of sanctions, including reprimands, fines, and even temporary bans from directorships, signaling it’s serious about cracking down on questionable accounting practices….

LONDON (Capital Markets in Africa) — The Bank of England vowed not to withdraw support to the economy until there’s clear evidence of a recovery in the U.K. but sidestepped an opportunity to calm a surge in market interest rates. The central bank’s Monetary Policy Committee made no change to its target for asset purchases of 895 billion pounds ($1.2 trillion) and maintained the weekly pace of its stimulus program. While that was widely expected,…

JOHANNESBURG (Capital Markets in Africa) – With the World Economic Forum warning (https://bit.ly/2NntZ7V) of a deepening digital divide that will ultimately exacerbate global inequality, the role of intuitive digital financial services platforms in bridging this divide is becoming more important than ever before. Indeed, next generation tools that provide essential financial services – savings accounts, global money transfers, loans, etc – to customers in an accessible way, are becoming a powerful force for change by driving…