Latest articles from Africa

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. 

Goldman opens access for Nigerian banks
From World / Africa / Nigeria

Goldman opens access for Nigerian banks

Investors are willing to diversify into African corporate debt, despite emerging market volatility, as was proved by Goldman Sachs' $400m Tier 2 transaction for Access Bank.

Mozambique stands on the brink of economic transformation

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.

John Rwangombwa
From World / Africa / Rwanda

CBG focuses on keeping Rwanda steady

Rwanda’s macroeconomic performance over the past decade has been impressive, and the central bank governor says that developing the country’s bond markets is crucial to ensuring that remains the case.

From World / Africa / Rwanda

Rwanda’s banking sector heats up

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. 

From World / Africa

Fiscal mismanagement is hurting Africa

Countries in Africa, including Ghana, Kenya and Zambia, are battling with wide fiscal deficits brought about by grand spending plans. 

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