The East African
Monday February 08 2021
According to officials, the Sacco fund will be run and managed by Sasra with funding coming from both the Saccos and the government - edging out banks from the sector. PHOTO | FILE
Summary
Under the new regime, Saccos will run their own inter-Sacco market where they can lend and borrow from each other at reasonable rates.
Advertisement
Kenyan Savings and Credit Co-operative Societies (Saccos) are moving closer to the implementation of an inter-Sacco lending market and eventual integration into the National Payments and Clearing system in a development, leaving commercial banks staring at close to Ksh2.33 billion ($21.37 million) loss in interest income on loans granted to the co-operative sector.
Only 625 163 private pensions were made in December, which represents a 2.5% annual decline.
Early estimations point to around 5% to 10% of employees in the BankservAfrica payment system were affected by the lockdown.
There was a steep decline in the number of take-home payments in December, the index shows.
The total take-home pay in real terms declined by 2% year-on-year.
Along with tax relief and suspended pension fund contributions, the total take-home pay reflected in the BankservAfrica Take-home Pay Index (BTPI) for December 2020, does not yet reflect the reality of the overall employment situation, according to Mike Schüssler, chief economist at economists.co.za, who compiles the report.
Highlights
WhatsApp has a 40 crore user base in India.
WhatsApp will be starting the digital payment service with a maximum registered user base of 2 crores.
New Delhi: WhatsApp is one of the most used and largest messaging platforms. It keeps launching various features for the customers. Recently it launched much-awaited payment service in India.
WhatsApp has partnered with National Payment Corp. of India (NPCI) to start its Unified Payments Interface (UPI) based digital payment service, WhatsApp Pay.
WhatsApp has a 40 crore user base in India. WhatsApp will be starting the digital payment service with a maximum registered user base of 2 crores.
Harvesh Seegolam: Opening of the informative session on the MauCAS and the SADC and COMESA cross-border payment systems
Speech by Mr Harvesh Seegolam, Governor of the Bank of Mauritius, at the opening of the informative session on the MauCAS and the SADC and COMESA cross-border payment systems, Port Louis, 16 December 2020. Central bank speech |
The President of the Mauritius Chamber of Commerce and Industry
The Secretary General of the Mauritius Chamber of Commerce and Industry
The Chief Executive of the Mauritius Bankers Association
The President of the COMESA Business Council
Members of the business community
Representatives of the media
Ladies and Gentlemen
Access New Active Substance (NAS) Work Sharing Initiative
The New Active Substance Work Sharing Initiative has successfully approved several medicines through this international collaboration and continues to foster cooperation and strong relationships between its Access partners.
From: Contents
Print this page
By engaging in these partnerships, Access is able to co-ordinate regulatory review procedures, and increase each agency’s capacity to ensure consumers have timely access to high quality, safe and effective therapeutic products.
Assessment procedure
The applicant should first express interest in the initiative by using the Expression of Interest (EOI) form (MS Word Document, 123KB) to the relevant authorities. This should be done 3 - 6 months before the target submission date.