Africa: Finance and Banking

In meeting its policy commitments and addressing the regulatory amendments required to implement the Payments Ecosystem Modernisation (PEM) Programme, the South African Reserve Bank (SARB) published two draft documents for public comment.

The Financial Sector Conduct Authority (FSCA) has published Conduct Standard 2 of 2025 (the 2025 Standard), setting out reformed conditions for pension fund benefit administrators under section 13B(1) of the Pension Funds Act, 1956.

In Nigeria's corporate finance space, there's an assumption that a few signed documents are enough to protect a trustee.

The Bank of Ghana has reset the regulatory framework for microfinance, replacing a fragmented, activity-based regime with a structured system anchored on institutional form, capital strength, and governance.

Ethiopia’s “homegrown” reform agenda has recently moved from policy statements to legally operative market institutions. The post-2020 investment regime (Investment Proclamation No. 1180/2020 and implementing regulations) is now paired with a functioning capital market architecture (Capital Market Proclamation No. 1248/2021, implementing directives, and the Ethiopian Securities Exchange (ESX)).

Nigeria's venture capital (VC) sector has evolved from an informal, relationship-based market into a structured ecosystem shaped by various laws and regulatory requirements including regulations provided...

Capital Markets Comparative Guide for the jurisdiction of South Africa, check out our comparative guides section to compare across multiple countries

Going public is a significant milestone for any private company, offering access to capital, increased visibility, and enhanced credibility.

Capital Markets Comparative Guide for the jurisdiction of Ghana, check out our comparative guides section to compare across multiple countries

The Intergovernmental Fintech Working Group (“IFWG”) has published a discussion paper examining how existing South African financial regulatory frameworks apply to rand-pegged stablecoin arrangements (“Discussion Paper”).

The Securities and Exchange Commission (SEC) has rolled out a major update to the Minimum Capital Requirements (MCR) for regulated capital market entities...

As we welcome 2026, we are pleased to share the first edition of this year's East Africa investment Newsletter and extend our best wishes to our readers and partners...