In Nigeria, ousted central bank governor Lamido Sanusi is under scrutiny. However, on an international level, it is the government that should be worrying about its reputation.
Latest articles from Africa
If the early 2000s were all about the emerging economies of Brazil, Russia, India and China, now attention is shifting to the up-and-coming countries of Mexico, Indonesia, Nigeria and Turkey – the MINTs. And with rapid economic growth predicted, retail banks in these countries will be under enormous pressure to keep up.
With elections looming, Ngozi Okonjo-Iweala’s next year as Nigeria’s finance minster promises to be even more demanding that usual. But she is determined to ensure that the country’s strong macroeconomic performance of recent years and reform agenda do not slip.
Liberia’s economy has come a long way since its devastating civil war ended 11 years ago, but it remains one of the world’s poorest countries. Amara Konneh, who won The Banker’s African Finance Minister of the Year award for 2014, tells Paul Wallace how the Liberian government is trying to change that.
Francophone west Africa’s regional stock exchange, the BRVM, suffers from low turnover and a lack of listings. But its chief executive tells Paul Wallace he is determined to change that and bring about closer ties with Nigeria and Ghana’s stock markets.
Africa’s banking industry has gone through huge changes during Jacko Maree’s career. The former chief executive of Standard Bank believes the future for banks on the continent looks promising, but says they will have to adapt to regulatory changes and tap new types of clients. Interview by Paul Wallace.
In the latest ranking of African banks, Nigeria’s lenders had a blockbuster year in terms of profits, demonstrating their recovery from the country's 2009 crisis, while South Africa's banks remain way out in front of the rest of Africa, but continue to experience subdued growth.
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