As borrowing in dollars becomes increasingly expensive, the appetite for bonds in indigenous denominations in Africa is strengthening across the sub-Saharan region. However, longer yield curves and cross-border issuance will be necessary for continuing growth.
View from ARC
Date: 17 - 19 May
Location: Balaclava, Mauritius
The 2016 SWIFT African Regional Conference (ARC) will provide another glimpse of a continent on the rise. Hosted in Mauritius and expected to attract delegates from more than 40 countries, the theme of this year’s event is ‘Facing Global Challenges’. The opening plenary session will examine the ‘megatrends’ shaping the continent’s social and economic development, including urbanisation, demographic change, climate change and the growth of sustainable economies.
Further discussions will cover the outlook for correspondent banking, including issues around compliance and the role of disruptive new technologies. In addition, the function of African capital markets in promoting economic growth will be considered, alongside topics such as the maturation of Africa’s corporates and the steps that need to be taken to support their development.
Key topics from the conference include:
- Measuring the impact of mobile banking on financial inclusion
- The future of payments: Correspondent banking fights back
- Gearing up for growth in Africa’s securities markets – do we have the right foundation?
- Disruptive technologies
- Financial crime compliance
As Sub-Saharan Africa’s economic growth is expected to hit 3% in 2016, according to data from the International Monetary Fund sourced from Analyse Africa, the African Regional Conference will offer another timely insight into the opportunities and challenges of doing business on the continent.
James King, Africa and Middle East editor, will cover the key themes and discussions from the African Regional Conference 2016. Register today for free access to three articles every month and ensure you are fully up to date with all the topics discussed at ARC 2016.
Interview with Hugo Smit, head of Sub-Sahara Africa, SWIFT
Swift's chief executive for EMEA and APAC, Alain Raes, and Swift's head of the Middle East, Turkey and Africa, Sido Bestani talk to James King about the opening plenary for this year's African Regional Conference, as well as the impact that disruptive technologies are having on the global payments landscape.
- Interview with Sido Bestani, head of Middle East, Turkey, Africa, SWIFT - View from ARC 2016
- Interview with Ike Williams, chief information officer, Heritage Bank - View from ARC 2016
- Interview with Kevin Johnson, head of Innotribe Innovation Programmes, SWIFT - View from ARC 2016
- Round up with Adrienne Klasa, editor, This Is Africa - View from ARC 2016
- Interview with Chris Hamilton, CEO, Bankserv - View from ARC 2016
- Interview with Sunil Benimadhu, chief executive, Stock Exchange of Mauritius - View from ARC 2016
- Interview with Thierry Chilosi, head of Markets & Initiatives EMEA, SWIFT - View from ARC 2016
- Interview with Eric Osiakwan, managing partner, Chanzo Capital - View from ARC 2016
- Interview with Jay Rosengard, director, Mossavar-Rahmani Center for Business and Government's Financial Sector Program - Harvard Kennedy School - View from ARC 2016
- Interview with Terence McNamee, deputy director, The Brenthurst Foundation - View from ARC 2016
- Interview with David Lubinski, senior program officer, Bill & Melinda Gates Foundation - View from ARC 2016
- Interview with Hugo Smit, head of Sub-Sahara Africa, SWIFT - View from ARC 2016
Economic problems at home and lower profits elsewhere in Africa mean Nigerian banks are having to revisit their strategies for growth across the continent, but what will be the consequences for the countries that they are winding down in or even exiting from?
Having undergone a series of consolidations, and operating in a region with a young, largely unbanked population, Africa's banks are attracting the attention of investors from all over the world. However, choosing where to invest remains a challenge.
Investment into Africa has usually been the preserve of developed world firms seeking extra yield for their portfolios. However, in the past few years more and more money has been poured into African projects by local investors as African wealth increases.
Kenya plays host to some of Africa's more established pan-regional banks, but with 41 lenders active in the country many claim that it is overbanked. Attempts are being made to increase capital requirements and suspend any new licences with the intention of kick-starting a consolidation drive, but those who oppose such measures are making their presence felt.
China's One Belt, One Road initiative – building a new Silk Road between western Europe and China's east coast as well as improving the Maritime Silk Road – will be a major game changer for international trade. Stefania Palma assesses its possible impact.
Mauritius' central bank governor discusses the challenges that he faces, including the volatility of exchange rates and high leverage ratios within some of the country’s corporates.
Nigeria's economic growth has slowed over the past year, and delays in naming a cabinet by new president Muhammadu Buhari are doing little to restore confidence in the country. However, the long-term prospects for Africa's largest economy remain strong.
Articles from This is Africa
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- Revenues rise as tax systems across Africa evolve
- E-finance in Nigeria: Slow to grow
- Smart move: Selling Barclays Africa
- South Africa, Tunisia and Botswana best in Africa for entrepreneurs
- Crackdown on corruption sparks resurgence in violence in Niger Delta