Latest articles from Africa

Nhlanhla Nene

South Africa will benefit from Africa’s rise

South Africa’s growth has been sluggish of late but the country’s financial sector remains one of the world’s most sophisticated, while the government’s reforms are allowing businesses to tap into fast-growing markets in the rest of sub-Saharan Africa more easily.

Algeria struggles to adapt
From World / Africa / Algeria

Algeria struggles to adapt

With oil and gas output diminishing, Algeria is desperate to diversify its economy and avoid a continued slide towards unsustainable fiscal deficits. The country’s political stability hinges on whether or not it succeeds.

From World / Africa / Algeria

Algeria’s private banks feel the state’s squeeze

Algeria’s banking sector is one of the biggest in Africa, but it is also one of the most opaque and is dominated by state banks. Yet private lenders, all of which are foreign-owned, still find ways to operate profitably and many are wanting to expand.

Benno Ndulu

Tanzania's mobile-fuelled banking revolution

The development of mobile financial services in Tanzania is bringing the high number of unbanked residents into the financial system. 

Top 100 Arab banks, 2014
From World / Africa

Top 100 Arab banks, 2014: a stand-out year

Banks across the Arab world are prospering, according to The Banker’s Top 100 Arab banks ranking, thanks to the health of the financial sector despite ongoing political and security risks in some areas.

Morocco offers oasis of calm in north Africa
From World / Africa / Morocco

Morocco offers oasis of calm in north Africa

With many north African countries in political and economic turmoil, Morocco’s stability and strong growth are proving attractive for Gulf-based investors looking to access the north African market.

Muscling in on M-Pesa
From World / Africa / Kenya

Kenyan banks look to crash M-Pesa’s party

Kenya’s Equity Bank is determined to launch a new mobile banking product that has the potential to shake up an industry dominated by the creator of M-Pesa, Safaricom. Experts say that while Equity could present serious long-term competition for Safaricom, it has its work cut out. 

Ecobank enters a new phase
From World / Africa / Kenya

Down but not out: Ecobank enters a new phase

Ecobank’s reputation took a battering last year as it became mired in a well-publicised corporate governance crisis. Its new chief executive, Albert Essien, has restored some calm, and he tells Paul Wallace how he hopes to make the kind of returns that will entice more international investors to buy its stock.

Libyas banks face an uphill battle
From World / Africa / Libya

Libya's banks face an uphill battle

Awash with hydrocarbons and boasting a highly liquid banking sector, Libya's potential is vast. However, continued political and social unrest, combined with the dominant position of state-owned banks, mean that the country's private sector banks have numerous obstacles preventing them from realising this potential.

Mozambique CBG strives for financial sophistication

Central bank governor Ernesto Gove is bullish about Mozambique’s economic prospects, but acknowledges that the banking sector and capital markets need to be developed for the country to truly benefit from its energy boom. 

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