The European Union Commission proposes Nigeria, Ghana, Botswana and Libya to be listed on the money laundering blacklist. On the other hand, the institution announced the removal of Uganda from this list.
According to information reported by American channel CNBC, these countries were targeted because of “strategic gaps in their anti-money laundering and terrorism financing regime”. The measure falls within the framework of anti-money laundering fight initiated after scandals involving EU’s banks.
If the proposition is validated by all the EU member countries, these four African countries will join Ethiopia and Tunisia, blacklisted in February 2018.
Though the listing of these countries would not call for sanctions, the EU can exert some pressure on them by, for instance, obliging central banks to apply tighter controls over financial operations involving clients or financial institutions operating locally.
Let’s note that the vote of approval is to be held within a month but some countries, like the UK, are already questioning the relevance of the list.
Sixteen countries and territories are already on the EU money-laundering blacklist; if the new countries are validated, it will rise to 23.
Moutiou Adjibi Nourou
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• Morocco began expanding Casablanca Airport to raise capacity to 35M passengers by 2029• The $1.7B project supports the “Airports 2030” plan to...
• DRC extended its cobalt export ban to September 2025 due to high stock levels.• Major producers like CMOC face delivery issues; supply risks remain but...
• Eskom restored Medupi Unit 4 early, adding 800 MW and helping end load-shedding• Coal still dominates South Africa’s power, slowing the energy...
• Ethiopia completed the $4B Grand Renaissance Dam to boost power capacity and energy independence• Egypt and Sudan fear water supply risks, with no...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...