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.
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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.
Mozambique’s recently discovered gas and coal reserves have turned it into one of Africa’s brightest prospects. However, plenty of reforms will be needed before its riches trickle down to the poorest parts of the population.
Business is picking up for Rwanda’s banks following 2013’s slowdown. But competition is becoming more intense as foreign banks increasingly look to enter the fast-growing east African country.
Countries in Africa, including Ghana, Kenya and Zambia, are battling with wide fiscal deficits brought about by grand spending plans.
With Nigeria’s banks battling regulatory headwinds, Access Bank is weathering the storm admirably, with a growing presence in the retail sector positioning the bank well for long-term growth.
Morocco is on the cusp of a legislative breakthrough that will pave the way for a fully fledged Islamic finance system in the country. But with a history of failed Islamic banking experiments, on top of the usual problems associated with establishing a new market in a country, Morocco's Islamic banking sector is unlikely to take an instant hold.
Zimbabwe’s economy is on the verge of recession, with low consumer demand and a liquidity crunch putting its businesses under plenty of strain. Against this backdrop, finance minister Patrick Chinamasa tells Paul Wallace how he has started to rebuild its ties with multilateral lenders in a bid to access new credit.
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