Africa
Renewed Middle East hostilities prompt Nigeria to hold
Central bank keeps rates at 26.5%, despite moderating inflation
Closer PBoC-CBL ties reflect China’s strategic aims, says expert
Central Bank of Libya to enter China’s payment system and bond market
Nigeria’s president signs order to enhance virtual asset regulation
Central bank to chair ‘virtual assets council’ to help close regulatory gaps
Angola cuts rates as inflation reaches 11-year low
Central bank says ‘no inflationary pressures in sight’ over coming months
Cross-border co-operation stronger for non-central bank supervisors
Roughly one-fifth of central banks lack supervisory college membership
Ethiopia raises rates for first time in two years
Move comes as NBE removes lending cap on commercial banks
Supervisors report capital and liquidity resilience across banks
Basel II remains most adopted global standard among respondents
Size and business model are key elements of risk profile
Supervisors tend to inspect systemic banks once a year
Kenyan president signs new central bank law
Amendment provides framework for institution to offer emergency liquidity assistance
Supervisors report sharp increase in AI adoption
Summarisation ranks as topmost area of application, with biggest use in larger teams
Sudan to withdraw low-value notes from circulation
Smaller denominations have lost purchasing power amid inflation and currency depreciation
Credit risk is supervisors’ top priority
Climate and AI risks rank lowest across respondents
African supervisory authorities tend to lack sufficient staff
Most respondents combine banking supervision in one unit
Monetary split deepens in Sudan as new banknotes circulate
Expert says rebel forces may be printing their own version of national currency
Non-central bank authorities tend to supervise non-banks
Non-banks offering credit-like products unregulated in tenth of jurisdictions
PBoC designates RMB clearing banks for Indonesia and Africa
Bank of China (Hong Kong), ICBC and Standard Bank to operate services for Chinese currency
Vanessa Mussard on the Seychelles’ evolving reserve management
The Central Bank of Seychelles' financial markets chief speaks about minimum FX coverage requirements, reserves accumulation and diversification, the Iran war, climate vulnerabilities and building financial infrastructure
CBN alerts Nigeria’s financial sector to new sanctions
Lenders and other institutions ordered to report to central bank within 48 hours
Nigeria should allow stablecoin innovation but manage risk – IMF
Institution sets out four steps to manage surging adoption of assets
Botswana holds rates, while Namibia tightens by 25bp
Southern African nations remain cautious, despite deal between US and Iran
Central banks must not outsource critical thinking to AI – panel
As uses for the tools proliferate, central bankers weigh up how to use them safely and ethically
Uganda announces next step towards ‘cashless’ society
Central bank says limits on withdrawals are part of strategy to fully ‘digitise’ payments system
DRC’s FX upgrade part of efforts to boost currency – governor
Wameso says central bank is pursuing modernisation agenda to strengthen the financial system
People moves: Adrian to step down from IMF
Plus senior appointments in Belgium and Botswana