Regulators in Africa are "keen" to have better regulatory structures, the governor of the Central Bank of Mauritius has said. But the "political will" is "missing".

Appearing alongside International Monetary Fund chief Christine Lagarde, Rameswurlall Basant Roi said one "hampering factor" in improving the region's structures is a lack of national interest.

"The absences of a regional of pan-African regulatory structure is palpably felt for quite some years," he told a conference on cross-border