MFW4A- Newsletter of the Making Finance Work for Africa Parntership
Making Finance Work for Africa
Issue 161 Newsletter | 05/2017

Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) in Nigeria - A Call for Rescue
by Dr. Abdullahi Y. Shehu, Professor of Criminology and former Director General of the ECOWAS Inter-Governmental Action Group against Money Laundering (GIABA)

The aims of any AML/CFT regime is to prevent, detect, interdict and control money laundering and the financing of terrorism. The FATF Standards, even through referred to as recommendations, have become powerful tool for combating transnational organized crime and their enforcement has become a major policy issue in all jurisdictions. Although Nigeria is not a member of the FATF, it is a founding and active member of the ECOWAS GIABA which is an FATF Style Regional Body responsible for the promotion and enforcement of the FATF standards in West Africa. Read More.

 


 

Digital Finance in WAEMU: What's New?
by Estelle Lahaye, Financial Sector Specialist, CGAP

The journey toward financial inclusion in the West African Economic and Monetary Union (WAEMU) has made some interesting strides with digital financial services (DFS), even if the journey continues to be long. According to the regional Central Bank (BCEAO), during the first nine months of 2015, DFS users made 346.9 million transactions worth $8.5 billion, increasing by 33% and 36% respectively, compared to 2014. Last year, BCEAO updated its regulation for e-money issuance and distribution that will significantly influence the evolution of the DFS market in WAEMU moving forward. Read More.

In Focus

Banking in sub-Saharan - Recent Trends and Digital Financial Inclusion (FR Version)
by European Investment Bank (EIB)

This study follows-up on EIB 2015 study on "Recent Trends in Banking in sub-Saharan Africa - From Financing to Investment". For this third edition, the study aims to provide an overview of structural development and recent market trends in the region. It outlines some of the key challenges and opportunities that lie ahead. Read More.


Save the date! MFW4A-Milken Institute Webinar - 30 May 2017

Making Finance Work for Africa (MFW4A) and the Milken Institute are pleased to present a webinar based on the following theme: " Local Investors and Long-term Finance in Africa: Developing the Buy Side", on 30 May 2017, at 13:00 GMT. Understanding investment preferences, risk appetites, and the hurdles that African institutional investors face in diversifying their portfolios is a first step in unlocking domestic institutional capital for long-term investment on the continent. The webinar will explore these issues, based on a recent paper by the Milken Institute. Read More.


SAVE the date! MFW4A-FSD Africa Webinar - 31 May 2017

Making Finance Work for Africa (MFW4A), Financial Sector Deepening Africa (FSD Africa) and Nathan Associates are pleased to present a webinar based on the theme "Agricultural Leasing: expanding access to finance for smallholders", on 31 May 2017, at 13:00 GMT. The webinar will discuss issues surrounding Agricultural Leasing in Sub-Saharan Africa, drawing on a recent market study undertaken by Nathan Associates. Read More.


SAVE the date! MFW4A-ICD Webinar - 06 June 2017

Making Finance Work for Africa (MFW4A) and the Islamic Cooperation for the Development of Private Sector (ICD) are pleased to launch a webinar on Islamic Finance: financing instruments and development perspective in sub-Saharan Africa. Islamic Finance is today seen as a significant financial innovation that is gradually making headway into mainstream finance. Read More.


MFW4A Hosts Roundtable on Local Investors and Long-Term Finance in Africa

Making Finance Work for Africa (MFW4A) Secretariat and the Africa Pension Funds Network hosted a Roundtable on the theme "Local Investors and Long Term Finance in Africa: Developing the Buy Side", in Nairobi (Kenya) on 26-27 April 2017. The event brought together over 40 representatives of African pension funds, Development Finance Institutions (DFIs), pensions regulators and long-term finance experts.

 


The Making Finance Work for Africa (MFW4A) Secretariat
African Development Bank
Immeuble du Centre de Commerce International d'Abidjan (CCIA)
Avenue Jean-Paul II, 01 B.P 1387
Abidjan 01 - Côte d'Ivoire

 

Tel: (225) 20.26.39.53
secretariat@mfw4a.org
www.mfw4a.org


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