--- title: Afriwise Blog | Financial Services description: Financial Services | --- [![Afriwise](https://insights.afriwise.com/hubfs/Logos/Afriwise/Afriwise%20logo.svg)](https://afriwise.com/) - [Products](https://afriwise.com/law-products-africa/) - [Countries](https://afriwise.com/countries-covered/) - [About Afriwise](https://afriwise.com/about-afriwise/) - [Contact](https://afriwise.com/contact/) - [News](https://news.afriwise.com/) - [Insights](https://insights.afriwise.com/blog) [Schedule a demo](https://afriwise.com/contact/) [Log in](https://afriwise.com/login/) - [Products](https://afriwise.com/law-products-africa/) - [Countries](https://afriwise.com/countries-covered/) - [Solutions](https://afriwise.com/solutions/) - [About Afriwise](https://afriwise.com/about-afriwise/) - Insights - [Contact](https://afriwise.com/contact/) - [News](https://news.afriwise.com/) [Schedule a demo](https://afriwise.com/contact/) [Log in](https://afriwise.com/login/) # Welcome to Africa’s legal blog Never miss a beat on Africa's legal and regulatory landscape. - [Legislation (287)](https://insights.afriwise.com/blog/tag/legislation) - [South Africa (227)](https://insights.afriwise.com/blog/tag/south-africa) - [Nigeria (157)](https://insights.afriwise.com/blog/tag/nigeria) - [Kenya (151)](https://insights.afriwise.com/blog/tag/kenya) - [Financial Services (128)](https://insights.afriwise.com/blog/tag/financial-services) - [ICT (106)](https://insights.afriwise.com/blog/tag/ict) - [Tanzania (102)](https://insights.afriwise.com/blog/tag/tanzania) - [Regulation (87)](https://insights.afriwise.com/blog/tag/regulation) - [Corporate Commercial (84)](https://insights.afriwise.com/blog/tag/corporate-commercial) - [Tax (84)](https://insights.afriwise.com/blog/tag/tax) - [Case discussion (78)](https://insights.afriwise.com/blog/tag/case-discussion) - [Uganda (66)](https://insights.afriwise.com/blog/tag/uganda) - [Intellectual Property (58)](https://insights.afriwise.com/blog/tag/intellectual-property) - [Energy & Natural Resources (57)](https://insights.afriwise.com/blog/tag/energy-natural-resources) - [Ghana (55)](https://insights.afriwise.com/blog/tag/ghana) - [Employment and labour (52)](https://insights.afriwise.com/blog/tag/employment-and-labour) - [Data Protection (49)](https://insights.afriwise.com/blog/tag/data-protection) - [Mozambique (49)](https://insights.afriwise.com/blog/tag/mozambique) - [Commercial Crime (48)](https://insights.afriwise.com/blog/tag/commercial-crime) - [Competition/Antitrust (48)](https://insights.afriwise.com/blog/tag/competition-antitrust) - [Dispute Resolution (47)](https://insights.afriwise.com/blog/tag/dispute-resolution) - [Mauritius (46)](https://insights.afriwise.com/blog/tag/mauritius) - [Environment (44)](https://insights.afriwise.com/blog/tag/environment) - [Zambia (38)](https://insights.afriwise.com/blog/tag/zambia) - [Projects and Procurement (26)](https://insights.afriwise.com/blog/tag/projects-and-procurement) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Angola](https://insights.afriwise.com/blog/tag/angola) [Sovereign Wealth Fund](https://insights.afriwise.com/blog/tag/sovereign-wealth-fund) [OneLegal](https://insights.afriwise.com/blog/author/onelegal) ## [Angola: Investment Policy of Angolan Sovereign Fund](https://insights.afriwise.com/blog/angola-investment-policy-of-angolan-sovereign-fund) Presidential Decree 216/24, of 21 October 2024, approved the Investment Policy of the Angolan Sovereign Fund (Fundo Soberano de Angola, FSDEA). This article provides a summary. [Read More](https://insights.afriwise.com/blog/angola-investment-policy-of-angolan-sovereign-fund) [South Africa](https://insights.afriwise.com/blog/tag/south-africa) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Prescribed Interest Rate](https://insights.afriwise.com/blog/tag/prescribed-interest-rate) [Norton Rose Fulbright](https://insights.afriwise.com/blog/author/norton-rose-fulbright) ## [Prescribed Rate of Interest is 11.50 % from 1 November 2024](https://insights.afriwise.com/blog/prescribed-rate-of-interest-is-11.50-from-1-november-2024) The prescribed rate of interest is 11.50% per annum with effect from 1 November 2024. The previous rate was 11.75% per annum. According to the Prescribed Rate of Interest Act, interest on debts w.. [Read More](https://insights.afriwise.com/blog/prescribed-rate-of-interest-is-11.50-from-1-november-2024) [Ghana](https://insights.afriwise.com/blog/tag/ghana) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Gold](https://insights.afriwise.com/blog/tag/gold) [Alternative Investments](https://insights.afriwise.com/blog/tag/alternative-investments) [Templars](https://insights.afriwise.com/blog/author/templars) ## [Understanding the Bank of Ghana Gold Coin](https://insights.afriwise.com/blog/understanding-the-bank-of-ghana-gold-coin) On 27 September 2024, the Bank of Ghana launched the Ghana Gold Coin (GCC) as part of its Monetary Policy Committee’s Gold Purchase Programme. This significant milestone is aimed at providing residents of Ghana with an alternative investment vehicle in addition to treasur.. [Read More](https://insights.afriwise.com/blog/understanding-the-bank-of-ghana-gold-coin) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Foreign exchange](https://insights.afriwise.com/blog/tag/foreign-exchange) [Pavestones](https://insights.afriwise.com/blog/author/pavestones) ## [Regulatory Update: The Nigeria Foreign Exchange (FX) Code](https://insights.afriwise.com/blog/regulatory-update-the-nigeria-foreign-exchange-fx-code) In light of ongoing challenges in the Nigerian foreign exchange market, including recent distortions driven by speculators and illicit traders, the need for a robust regulatory framework has become increasingly urgent. In view of this, the Central Bank of Nigeria has intr.. [Read More](https://insights.afriwise.com/blog/regulatory-update-the-nigeria-foreign-exchange-fx-code) [Kenya](https://insights.afriwise.com/blog/tag/kenya) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [In Duplum Rule](https://insights.afriwise.com/blog/tag/in-duplum-rule) [Lending](https://insights.afriwise.com/blog/tag/lending) [CFL Advocates](https://insights.afriwise.com/blog/author/cfl-advocates) ## [Can Interest Rates on Loans Be Subject to Limitations](https://insights.afriwise.com/blog/can-interest-rates-on-loans-be-subject-to-limitations) The term “In Duplum” comes from Latin meaning “in double”. This rule may sound mystical but it is a legal shield that prevents interest on non-performing loans from exceeding the maximum loan amount. This limitation aims to prevent excessive interest accumulation and prot.. [Read More](https://insights.afriwise.com/blog/can-interest-rates-on-loans-be-subject-to-limitations) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Tanzania](https://insights.afriwise.com/blog/tag/tanzania) [Banking](https://insights.afriwise.com/blog/tag/banking) [Clyde & Co.](https://insights.afriwise.com/blog/author/clyde-co) ## [Changes to Banking Laws Introduced by Tanzania’s Finance Act](https://insights.afriwise.com/blog/changes-to-banking-laws-introduced-by-tanzanias-finance-act) This article provides an overview of the key changes introduced by the Finance Act, No. 6 of 2024 to the banking sector in Tanzania. The Finance Act was enacted on 30 June 2024 and came into operation on 1 July 2024. It introduces significant amendments made to several la.. [Read More](https://insights.afriwise.com/blog/changes-to-banking-laws-introduced-by-tanzanias-finance-act) [Kenya](https://insights.afriwise.com/blog/tag/kenya) [Ghana](https://insights.afriwise.com/blog/tag/ghana) [Mauritius](https://insights.afriwise.com/blog/tag/mauritius) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [South Africa](https://insights.afriwise.com/blog/tag/south-africa) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [ICT](https://insights.afriwise.com/blog/tag/ict) [Udo Udoma & Belo-Osagie](https://insights.afriwise.com/blog/author/udo-udoma-belo-osagie) ## [Fintech: How Is the World Shaping the Financial Innovation Industry? (2024)](https://insights.afriwise.com/blog/fintech-how-is-the-world-shaping-the-financial-innovation-industry-2024) In recent years, financial technology (fintech) has rapidly expanded worldwide, forcing traditional financial institutions to evolve in response to this innovative manner of conducting business in the financial industry. Today, we continue to witness the significant impac.. [Read More](https://insights.afriwise.com/blog/fintech-how-is-the-world-shaping-the-financial-innovation-industry-2024) [South Africa](https://insights.afriwise.com/blog/tag/south-africa) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Environment](https://insights.afriwise.com/blog/tag/environment) [Energy & Natural Resources](https://insights.afriwise.com/blog/tag/energy-natural-resources) [Legislation](https://insights.afriwise.com/blog/tag/legislation) [Webber Wentzel](https://insights.afriwise.com/blog/author/webber-wentzel) ## [President Ramaphosa Approves New Water Resources Infrastructure Agency Bill: Boosting Development and Finance in Water and Sanitation](https://insights.afriwise.com/blog/president-ramaphosa-approves-new-water-resources-infrastructure-agency-bill-boosting-development-and-finance-in-water-and-sanitation) As South Africa faces an intensifying water crisis, government is placing the spotlight on the water and sanitation sector by shifting from the "business as usual" approach to unlock innovative funding for increased water infrastructure development. On Tuesday, 27 August .. [Read More](https://insights.afriwise.com/blog/president-ramaphosa-approves-new-water-resources-infrastructure-agency-bill-boosting-development-and-finance-in-water-and-sanitation) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [ICT](https://insights.afriwise.com/blog/tag/ict) [AfCTA](https://insights.afriwise.com/blog/tag/afcta) [ACFTA](https://insights.afriwise.com/blog/tag/acfta) [Trade](https://insights.afriwise.com/blog/tag/trade) [Pavestones](https://insights.afriwise.com/blog/author/pavestones) ## [Harnessing Digitisation to Enhance Trade in Africa - A Review of the African Continental Free Trade Area Protocol on Digital Trade](https://insights.afriwise.com/blog/harnessing-digitisation-to-enhance-trade-in-africa-a-review-of-the-african-continental-free-trade-area-protocol-on-digital-trade) The effect of digitization over the last decade has been widespread, and cuts across various aspects of daily life and by implication, the global economy. This has resulted in digital trade and e-commerce, which has greatly influenced and changed the concept of trade in m.. [Read More](https://insights.afriwise.com/blog/harnessing-digitisation-to-enhance-trade-in-africa-a-review-of-the-african-continental-free-trade-area-protocol-on-digital-trade) [1](https://insights.afriwise.com/blog/tag/financial-services/page/1) [2](https://insights.afriwise.com/blog/tag/financial-services/page/2) [3](https://insights.afriwise.com/blog/tag/financial-services/page/3) [4](https://insights.afriwise.com/blog/tag/financial-services/page/4) [5](https://insights.afriwise.com/blog/tag/financial-services/page/5) [6](https://insights.afriwise.com/blog/tag/financial-services/page/6) [7](https://insights.afriwise.com/blog/tag/financial-services/page/7) [8](https://insights.afriwise.com/blog/tag/financial-services/page/8) [9](https://insights.afriwise.com/blog/tag/financial-services/page/9) [10](https://insights.afriwise.com/blog/tag/financial-services/page/10) [11](https://insights.afriwise.com/blog/tag/financial-services/page/11) [12](https://insights.afriwise.com/blog/tag/financial-services/page/12) [13](https://insights.afriwise.com/blog/tag/financial-services/page/13) [14](https://insights.afriwise.com/blog/tag/financial-services/page/14) [15](https://insights.afriwise.com/blog/tag/financial-services/page/15) [Next](https://insights.afriwise.com/blog/tag/financial-services/page/2) Subscribe to our newsletter - [Home](https://afriwise.com/) - [Products](https://afriwise.com/law-products-africa/) - [Countries](https://afriwise.com/countries-covered/) - [Solutions](https://afriwise.com/solutions/) - [About Afriwise](https://afriwise.com/about-afriwise/) - [FAQ](https://afriwise.com/faq/) - [News](https://news.afriwise.com/) - [Contact](https://afriwise.com/contact/) [Privacy Policy](https://afriwise.com/contact/) [Terms of Use](https://afriwise.com/contact/) [info@afriwise.com](mailto:info@afriwise.com) +32 2 808 92 74 © Afriwise N.V. 2026