Rize Credit Union’s Post

📢 The 2023 Office of the Auditor-General (OAG) report has uncovered significant inefficiencies and irregularities in the operations of Harare City Council. Follow the link below to watch the video from Zimbabwe Coalition on Debt and Development ZIMCODD and learn more about these critical findings! ⬇️ #SiyaCorruption #OAG2023 #ServiceDelivery #Youth4Integrity

𝗔𝗕𝗗𝗨𝗟𝗠𝗘𝗡𝗔𝗡 𝗠. 𝗛𝗔𝗠𝗭𝗔: #BankingReforms The Commercial Bank of Ethiopia (CBE) has long enjoyed the government's favoritism, skirting NBE regulations and racking up credit risks. The preferential treatment has led to a whopping credit concentration and systemic risk in the financial sector. With loans guaranteed by the government being treated as cash substitutes, CBE's lending practices have been anything but cautious. Is it time for a reality check? Read more https://ow.ly/Llw550SmXru

In view of recent ADB pilot revelations of almost 400% increase in #TBML-STRs and our country's prevailing current economic impasse we can not afford to flourish TBML crimes. This report is an eye opener for #GovernmentofPakistan, they must take mitigating measures now instead of waiting for donor agencies and Bilaterals to stipulate TBML technical compliance and Immediate outcomes as a prerequisite condition for a loan. Financial Monitoring Unit, Govt. of Pakistan (Financial Intelligence Unit of Pakistan) State Bank of Pakistan (SBP) #PakistanBankersAssociation

I had the pleasure of conducting a workshop on various types of insurance designed to protect investors and financiers interested in entering the Libyan market. This workshop was part of a forum focused on organizing the legal and banking framework, which saw participation from the private sector as well as international and local financial institutions. The forum was organized by the Libyan Industry Union with the goal of driving a significant transformation in the finance sector in Libya. Based on the forum's outcomes, we are committed to providing all necessary insurances to safeguard financiers. #InsuranceIndustry #InvestmentOpportunities #AlBarakaInsurance

The National Bank of Ethiopia (NBE), on June 12, 2024, has issued new directives on: 1. Bank Corporate Governance (SBB/91/2024) 2. Asset Classification & Provisioning (SBB/90/2024) 3. Requirements for Persons with Significant Influence in a Bank (SBB/89/2024) 4. Exposure to Related Party Transaction (SBB/88/2024) 5. Large Exposure to Connected Party or Group of Connected Parties (SBB/87/2024) Find the links to the directives in the comments section. #NBE #NewDirectives #BankCorporateGovernance #AssetClassification #RelatedParty #LargeExposure

#CDHAlert | In today's alert, Stella S. (Situma) talks about increase in interest rates: A delicate balance between contractual freedom and consumer protection. In Petition Number E005 of 2023 Stanbic Bank Kenya Limited v Santowels Limited [2024] the Kenyan Supreme Court found that any variation of interest on a loan from a bank or financial institution is subject to approval as stipulated in section 44 of the Banking Act. Banks and financial institutions have the liberty to contractually agree on a variable interest rate. A notice to the borrower on variation of the interest rate without more will not suffice. Click here to read more - https://bit.ly/4eOXO90 #FinanceandBanking #CDHKenya #BankingAct #FinancialInstitutions 

Eid Mubarak to you and your loved ones! Wishing you with blessings, happiness and prosperity. There are Shariah-compliant mutual funds for Muslim investors! You can invest in alignment with your values while pursuing financial growth. Let us navigate towards financial success with Namrata! 📞 +91-9920017426 📧 namrata.goenka28@gmail.com #eid #eidmubarak #shariahlaw #financialsuccess #mutualfunds #investing #policies

It's quiz time! How well do you know GTBank Kenya? Share your answers in the comment section. #knowyourbank #gtbankke

ALDIC is driving change for a financially sound Lebanon. Through the PFM Reform Plan, as part of the Bina' project and funded by the European Union, managed by Transparency International and Transparency International Lebanon - No Corruption, we're reshaping Lebanon's approach to debt sustainability. By prioritizing transparency and efficiency, we're laying a strong foundation for Lebanon's economic stability and growth. #PFMReform #BinaProject #EuropeanUnion #TransparencyInternational #Lebanon #ALDIC

Standard Bank CEO warns against increasing threats of financial crime in Namibia Standard Bank Namibia’s Chief Executive Officer Erwin Tjipuka, CA (Nam)(SA) has issued a stern warning about the escalating prevalence of financial crime in the country. Addressing the Standard Bank Namibia’s Anti-Financial Crime Conference, Tjipuka emphasised the urgent need for a collaborative approach to safeguard the nation's financial integrity. https://lnkd.in/diN3Kj7b #namibia #financialcrime #financialintegrity NAMFISA Namibia Revenue Agency