A global financial crimes watchdog, the Financial Action Task Force (FATF), has officially removed South Africa, Nigeria, Mozambique, and Burkina Faso from its “grey list” of countries under increased monitoring for money laundering and terrorist financing concerns.
The FATF, headquartered in France, announced the decision on Friday following what it described as “successful on-site visits” that confirmed significant progress by all four countries in addressing identified deficiencies within the agreed timelines.
The organization maintains two key lists: the “grey list,” which includes countries making efforts to correct weaknesses in their anti-money laundering frameworks, and the “black list,” reserved for jurisdictions that pose the highest financial crime risks and show little cooperation.
FATF President Elisa de Anda Madrazo called the delisting “a positive story for the continent of Africa,” noting that each country demonstrated substantial reforms.
According to the FATF, South Africa strengthened its systems for detecting money laundering and terrorist financing. Nigeria improved coordination among financial and enforcement agencies. Mozambique enhanced its financial intelligence sharing mechanisms, while Burkina Faso made strides in overseeing financial institutions and ensuring compliance.
Nigeria and South Africa were added to the FATF grey list in 2023, Mozambique in 2022, and Burkina Faso in 2021. All four nations have since completed the necessary reforms to meet FATF’s global standards.
Reacting to the announcement, Nigerian President Bola Ahmed Tinubu described the development as “a major milestone in Nigeria’s journey towards economic reform, institutional integrity, and global credibility.” Nigeria’s Financial Intelligence Unit also confirmed that it successfully executed a 19-point action plan as part of the process.
The decision is expected to bolster investor confidence and improve international financial relations for the four African nations, signaling renewed global trust in their regulatory and enforcement frameworks.
About the author
Adenta Building Collapse Linked to Illegal Construction and Ignored Stop-Work Orders
A preliminary investigation into the collapse of a three-storey building at Adenta New Site in the Greater Accra Region has revealed that the project was carried out without the required regulatory approvals and in defiance of official stop-work directives issued by local authorities. The findings were released by a Joint Technical Investigative Committee comprising structural engineering experts and representatives from the Ghana Institution of Engineering (GhIE), the Institution of Engineering and Technology, Ghana (IET-Gh), and the Architecture Registration Council (ARC). According to the committee, the incident highlights serious violations of Ghana’s building regulations and raises concerns about compliance and enforcement within the construction sector. The building collapsed on June 3, 2026, trapping five occupants beneath the debris. The victims included three adults and two children. Rescue teams successfully pulled four individuals from the rubble alive and transported them to the […]
Kpandai Residents Encouraged to Promote Unity and Peace for Sustainable Development
Residents of Kpandai in the Northern Region have been encouraged to put aside tribal, linguistic and political differences and work collectively toward the development of their communities. The call was made by the Parish Priest of St. Kizito Parish, Rev. Fr. Moses Nseaminya, during the launch of the St. Kizito Parish Feast, Partnership and Cultural Day Celebration. The event seeks to promote peace, social cohesion and stronger relationships among the various ethnic groups living within the district. Speaking during the launch, Rev. Fr. Nseaminya emphasized that diversity should be viewed as a strength that can drive development rather than a source of conflict and division. He noted that although residents come from different cultural backgrounds and hold varying political views, they all share a common goal of improving the welfare and future of Kpandai. According to the parish priest, meaningful […]
ECG Explains Power Outages in Greater Accra and Western Regions Following Technical Faults
The Electricity Company of Ghana (ECG) has attributed ongoing power interruptions in parts of the Greater Accra and Western regions to separate technical faults affecting its distribution network. In a statement issued on Monday, June 8, 2026, the power distributor said a technical fault at the Nsawam Primary Station has disrupted electricity supply to several communities within the Accra West operational area. The affected communities include Hebron, Medie, Samsam, Satellite, Koleman and nearby areas, where residents have been experiencing intermittent power outages. According to ECG, engineering teams have been deployed to the station and are actively working to identify and rectify the fault to restore stable electricity supply as quickly as possible. Meanwhile, in the Western Region, a broken high-tension (HT) electricity pole at Ankasa has caused a separate power disruption, affecting multiple towns and communities across the area. Communities […]
Burkina Faso forme 8 000 jeunes VDP agricoles pour renforcer l’autosuffisance alimentaire
La cérémonie officielle de sortie de la 3e cohorte des Volontaires pour la Défense de la Patrie (VDP) agricoles et de fin de formation de 8 000 jeunes en entrepreneuriat agricole s’est tenue le 5 juin 2026 à l’École nationale de formation agricole (ENAFA) de Matourkou. L’initiative s’inscrit dans le cadre de l’Initiative présidentielle pour l’agriculture et l’autosuffisance alimentaire, portée par les autorités burkinabè. Cette formation vise à renforcer les capacités des jeunes dans le secteur agricole tout en les impliquant dans une dynamique de production locale et de souveraineté alimentaire. Une jeunesse formée entre agriculture, civisme et engagement citoyen Le directeur exécutif du Bureau national des grands projets du Burkina Faso, Hamidou Sawadogo, a salué l’engagement des bénéficiaires. Selon lui, le programme traduit la volonté des autorités de transformer durablement le secteur agricole afin de réduire la dépendance alimentaire […]
Clément Zongo dédicace trois ouvrages littéraires à Ouagadougou
Le journaliste-chroniqueur burkinabè Clément Zongo a procédé, le 6 juin 2026 à Ouagadougou, à la dédicace de trois ouvrages intitulés La fille aux cheveux châtains, Les Chroniques de Clément Zongo et Juste un coup de plume. La cérémonie, organisée dans la grande salle du Centre national des arts du spectacle et de l’audiovisuel (CENASA), a réuni des acteurs du monde culturel, des professionnels des médias ainsi que de nombreux passionnés de littérature. De son vrai nom Alexis Yaméogo, Clément Zongo est titulaire d’une maîtrise en sciences et techniques de l’information et de la communication. Conseiller des affaires culturelles, il s’est distingué au fil des années grâce à plusieurs récompenses obtenues dans le domaine littéraire. Un roman consacré à la lutte contre les préjugés liés à l’albinisme Parmi les œuvres présentées figure La fille aux cheveux châtains, un roman qui aborde […]
Three Rescued as Rescue Teams Search for Trapped Victims After North Industrial Area Building Collapse
Rescue teams are continuing efforts to locate and extract individuals believed to be trapped beneath the rubble of a collapsed building in Accra’s North Industrial Area following a structural failure that has left several people injured. According to Alex King Nartey of the Ghana National Fire Service's communications team, three people have so far been rescued from the scene and are currently receiving medical treatment. However, emergency responders fear that at least three more individuals may still be trapped under the debris. Speaking at the site, Mr. Nartey explained that rescue operations have been slowed by the absence of earth-moving equipment needed to remove large sections of collapsed concrete and debris safely. He disclosed that the Fire Service has requested assistance from the military, while the Mayor of Accra has also facilitated the deployment of heavy machinery to support the […]
Related
UN: Africa urgently needs more fish farms to meet rising demand
The United Nations has urged Africa to urgently invest in more fish farms to meet rising demand for aquatic foods, especially as population growth and urbanization continue to increase the need for fish across the continent. According to UN sources, demand for fish is rising due to greater awareness of the health benefits of fish, alongside pressure from declining natural fish stocks and warmer water temperatures that are reducing wild catches. The push for aquaculture development is part of a broader strategy to improve food security and support sustainable economic growth in African countries. Experts say that without expanded fish farming, Africa could face growing supply gaps as wild fisheries become less able to meet consumer needs.
FG, evacuees slam South Africa over xenophobia, documentation claims
The Federal Government and Nigerian evacuees from South Africa have faulted claims by the South African authorities that many of those repatriated lacked proper documentation, insisting Pretoria frustrated efforts to renew their papers. Some returnees accused the South African government of deliberately delaying or denying renewal of work permits and other legal documents to create grounds to label them undocumented and justify a clampdown. The first batch of over 200 Nigerians fleeing renewed xenophobic attacks arrived in Lagos aboard an Air Peace flight fully funded by the Federal Government, with officials from NEMA, Immigration, NiDCOM and FAAN on ground for profiling and support. According to the Ministry of Foreign Affairs, more than 1,000 Nigerians have been screened and cleared for evacuation after a citizen‑led group in South Africa ordered all undocumented foreign nationals to leave by June 30, heightening fears […]
ECG Explains Power Outages in Greater Accra and Western Regions Following Technical Faults
The Electricity Company of Ghana (ECG) has attributed ongoing power interruptions in parts of the Greater Accra and Western regions to separate technical faults affecting its distribution network. In a statement issued on Monday, June 8, 2026, the power distributor said a technical fault at the Nsawam Primary Station has disrupted electricity supply to several communities within the Accra West operational area. The affected communities include Hebron, Medie, Samsam, Satellite, Koleman and nearby areas, where residents have been experiencing intermittent power outages. According to ECG, engineering teams have been deployed to the station and are actively working to identify and rectify the fault to restore stable electricity supply as quickly as possible. Meanwhile, in the Western Region, a broken high-tension (HT) electricity pole at Ankasa has caused a separate power disruption, affecting multiple towns and communities across the area. Communities […]
Burkina Faso forme 8 000 jeunes VDP agricoles pour renforcer l’autosuffisance alimentaire
La cérémonie officielle de sortie de la 3e cohorte des Volontaires pour la Défense de la Patrie (VDP) agricoles et de fin de formation de 8 000 jeunes en entrepreneuriat agricole s’est tenue le 5 juin 2026 à l’École nationale de formation agricole (ENAFA) de Matourkou. L’initiative s’inscrit dans le cadre de l’Initiative présidentielle pour l’agriculture et l’autosuffisance alimentaire, portée par les autorités burkinabè. Cette formation vise à renforcer les capacités des jeunes dans le secteur agricole tout en les impliquant dans une dynamique de production locale et de souveraineté alimentaire. Une jeunesse formée entre agriculture, civisme et engagement citoyen Le directeur exécutif du Bureau national des grands projets du Burkina Faso, Hamidou Sawadogo, a salué l’engagement des bénéficiaires. Selon lui, le programme traduit la volonté des autorités de transformer durablement le secteur agricole afin de réduire la dépendance alimentaire […]
Clément Zongo dédicace trois ouvrages littéraires à Ouagadougou
Le journaliste-chroniqueur burkinabè Clément Zongo a procédé, le 6 juin 2026 à Ouagadougou, à la dédicace de trois ouvrages intitulés La fille aux cheveux châtains, Les Chroniques de Clément Zongo et Juste un coup de plume. La cérémonie, organisée dans la grande salle du Centre national des arts du spectacle et de l’audiovisuel (CENASA), a réuni des acteurs du monde culturel, des professionnels des médias ainsi que de nombreux passionnés de littérature. De son vrai nom Alexis Yaméogo, Clément Zongo est titulaire d’une maîtrise en sciences et techniques de l’information et de la communication. Conseiller des affaires culturelles, il s’est distingué au fil des années grâce à plusieurs récompenses obtenues dans le domaine littéraire. Un roman consacré à la lutte contre les préjugés liés à l’albinisme Parmi les œuvres présentées figure La fille aux cheveux châtains, un roman qui aborde […]
Three Rescued as Rescue Teams Search for Trapped Victims After North Industrial Area Building Collapse
Rescue teams are continuing efforts to locate and extract individuals believed to be trapped beneath the rubble of a collapsed building in Accra’s North Industrial Area following a structural failure that has left several people injured. According to Alex King Nartey of the Ghana National Fire Service's communications team, three people have so far been rescued from the scene and are currently receiving medical treatment. However, emergency responders fear that at least three more individuals may still be trapped under the debris. Speaking at the site, Mr. Nartey explained that rescue operations have been slowed by the absence of earth-moving equipment needed to remove large sections of collapsed concrete and debris safely. He disclosed that the Fire Service has requested assistance from the military, while the Mayor of Accra has also facilitated the deployment of heavy machinery to support the […]