Reference rates are critical to the financial system. They are the benchmarks that lenders and borrowers refer to when setting the interest rates on credit. They also form the backbone of interest rate derivatives such as interest rate swaps and futures. The London Interbank Offer Rate (LIBOR) has been the reference rate for over 400...
The Organization for Corporation and Economic Development (OECD) published a consultation document on Pillar One Amount B on 8th December 2022 with a deadline on 25th January 2023. The Amount B is intended to standardize the remuneration of distributors (Subsidiary or permanent establishment) that buy products from related party for resale by using the separate...
Sustainable business growth is nurtured in a peaceful and productive environment for capital multiplication and market expansion to accommodate additional capital investments. A company’s capital multiplier comes from its retained earnings or from capital gains for its shares; which are two key value creation drivers that are closely linked with prevailing business environment conditions. Since...
A decade ago, the narrative about startup investing in Africa was centered around grants funding tempered with a few impact investments. The two later morphed into what we now know as venture philanthropy that seeks to invest in social enterprises that are pursuing the triple bottom line model of economic, social and environmental impact. Except...
A proper transport network is a major catalyst to economic development and growth for any developing or developed country. Transport and logistics enables movement of economic commodities through different economic zones. In Africa, transport plays a critical role in not only facilitating growth but also in the integration of the region. It provides vital links...