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How Rwanda is positioning itself to be Africa’s next financial hub

At a recent Cabinet meeting, Rwandan President Paul Kagame approved the structure of a Financial Intelligence Centre, with the law establishing centre having been passed at the beginning of this year. This comes as the country recently amended anti-money laundering and counter-terrorist financing law and regulations, and announced that prosecution will be freezing the accounts and assets of corruption suspects. Will these security measures bring the country closer to being a potential financial hub like Mauritius? And what would it mean for the country if that was achieved? CNBC Africa spoke to Economic Analyst, Ted Kaberuka for more.

Thu, 20 Aug 2020 15:04:27 GMT

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