Tag: banking and finance

Zambia’s new Banking and Financial Services Act ushers in sweeping financial sector reforms

Based in Lusaka, August Hill & Associates provides world-class, innovative solutions for both complex commercial matters and everyday legal needs. Augustine Hamwela and Talent Mumba discuss how recent legislative changes represent a decisive shift toward a more comprehensive, centralised, and technology-responsive financial regulatory framework for Zambia.

Kenya: From grey to green? The VASP Act, 2025 and the road out of FATF’s watchlist

In February 2024, Kenya was added to the Financial Action Task Force’s ‘grey list’ of jurisdictions under increased monitoring due to deficiencies in AML/CFT frameworks. John Syekei, Cynthia Amutete, and Stephanie Mulului of Bowmans examine the Virtual Asset Service Providers Act, 2025 and how it could help Kenya to exit the grey list.

A turning tide: Navigating the transition from JIBAR to ZARONIA

After serving as South Africa’s benchmark interest rate for more than a quarter century, JIBAR is being replaced. Riza Moosa and Mbali Nene of CMS South Africa discuss why ZARONIA is a fundamental upgrade to the nation’s financial integrity, and provide a five-pillar roadmap for firms to avoid an operational cliff-edge this month.

Fasken promotes banking and finance lawyer Lesego Modise to Senior Associate in its Johannesburg office

Leading international law firm Fasken, which more than 950 lawyers and ten offices on three continents, announced today that Lesego Modise had been promoted to Senior Associate in the Fasken Johannesburg Finance & Projects practice group

CMS South Africa promotes rising banking and finance star Karabo Kanapi to senior associate

CMS South Africa is a leading commercial law firm based in Johannesburg, part of future-facing global firm CMS, with more than 90 offices in 50-plus countries. It has promoted talented banking and finance lawyer Karabo Kanapi to Senior Associate.

Tanzania: new banking regulations introduced to facilitate the growth of Islamic financial services

In December, new regulations for banking and financial institutions were published in Tanzania that aim to facilitate the growth of Shari’ah-compliant financial services and require the establishment of a Shari’ah Advisory Committee to guide compliance. Charles Mmasi and Flora Mukasa of Bowmans examine the new regime

Rising talents Kiasha Nagiah and CJ Grey promoted to Director at NRF South Africa ahead of the local firm's upcoming independence

Following the recent news that Norton Rose Fulbright’s South African practice would become an independent firm once more from 31 March 2026, the firm has now celebrated the promotion of dispute resolution lawyer Kiasha Nagiah and banking and finance lawyer CJ Grey to Director, effective 1 January 2026