Kenya
Kenya Moves to Regulate High-Risk AI with Fines and Jail Terms
Kenya is proposing stricter regulation of artificial intelligence systems, with plans to criminalise the deployment of “high-risk” AI tools without prior government approval. ...
Ghana
Ghana Advances in Fiscal Transparency, IMF Calls for Further Improvements
The International Monetary Fund (IMF) has acknowledged Ghana’s progress in strengthening fiscal transparency, while noting that additional efforts are required to meet international ...
Nigeria
Nigeria moves to regulate $96b crypto market, protect investors
The rapid growth of cryptocurrency and digital assets in Nigeria has prompted regulators to strengthen oversight to protect investors and ensure transparency, according ...
Regulatory
Global: Sweden’s Central Bank Warns Banks Over Slow Adoption of Instant Payments
The Sveriges Riksbank has warned Swedish banks that it may introduce new regulations if they fail to accelerate the rollout of instant domestic ...
Ghana
Ghana: World Bank Outlines Policy Reforms to Address Youth Employment Crisis
Paschal Donohoe, Managing Director and Chief Knowledge Officer at the World Bank Group, has called on Ghana and other developing economies to implement ...
Nigeria
Nigeria: NGX, SEC Review Free-Float Rules to Enhance Market Liquidity
Nigeria’s capital market regulators, the Nigerian Exchange Group (NGX) and the Securities and Exchange Commission Nigeria (SEC), are reviewing existing free-float requirements for ...
Nigeria
Nigeria: NIA Advocates Stronger Regulatory Standards for Nigeria’s Insurance Industry
The Nigerian Insurers Association (NIA) has reaffirmed its support for stronger regulatory standards in the insurance sector, emphasising that evolving compliance requirements are ...
Nigeria
Nigeria: Banks and Telcos Must Strengthen Collaboration to Tackle AI-Driven Fraud – PwC
Banks and telecommunications operators must increase collaboration and intelligence sharing to effectively combat the growing threat of artificial intelligence-driven fraud, according to a ...
Regulatory
Global: UK MPs Urge Royal Commission to Review Financial Conduct Regulation
A group of lawmakers in the UK Parliament has called for the establishment of a Royal Commission to review the country’s financial conduct ...
Regulatory
Global: US Senate Approves Bill to Block Federal Reserve CBDC Issuance Until 2030
The United States Senate has passed legislation that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) until at ...