Uganda will in September host a group of international experts to try and convince them that the country's financial system is well-regulated enough to combat money laundering and terrorism financing.
The Bank of Tanzania (BoT) has instituted new measures to curb operations of bureaux de change as a move regarded by some analysts as part of the government's crackdown on grand corruption and money laundering.
The Bank of Ghana (BoG) must create a tier system that can cater for the needs of the country's banking sector. This would ensure that the gains of capitalization are fully harnessed.
Agency Banking is one of the new provisions of the Financial Institutions (Amendment) Act 2016 and will be a key driver of increasing financial inclusion in Uganda.
Infrastructure projects' financing by corporates in the country would soon receive added boost as Rand Merchant Bank (RMB) Nigeria got approval from FMDQ OTC Securities Exchange to register its N80 billion Commercial Paper (CP) Programme on the FMDQ platform.
The Nigerian Council of Registered Insurance Brokers (NCRIB), has been charged to evolve strategies that will enhance policy consistency and sustainability in the insurance sub sector of the economy.