Latest articles from Africa

Christopher Low teaser

Letshego chief aims to lead race for African financial inclusion

August 1, 2017

Botswana-based Letshego is using years of experience to fulfil its aim of reaching sub-Saharan Africa's unbanked population, as group managing director Chris Low tells James King.

Jim Cowles teaser

Citi EMEA chief positions for seamless Brexit

July 3, 2017

Having established a Dublin headquarters, Citi's Europe, Middle East and Africa operations are well prepared for Brexit. And a strategic overhaul four years ago tightened up its risk management, leaving it leaner and safer, as the US bank's EMEA head, Jim Cowles, tells Stefanie Linhardt.

Banco National De Angola teaser

Angola's banks look to rise to the challenges

July 3, 2017

Diminishing oil receipts, a threat of consolidation, a looming Basel II compliance deadline, a loss of US dollar correspondent banking relationships, a shortage of foreign capital... The challenges facing Angola's banks are many, which makes the strong performances of some in the sector all the more impressive, writes James King.

Angola oil teaser

Angola struggles to cut oil ties

July 3, 2017

After contracting in 2016, the Angolan economy is expected to make a slight recovery in line with the improvement in oil prices. However, the government has been slow to deliver the diversification that could improve the country’s fortunes further. James King reports.

Serge Adjovi teaser

Benin designs a digital future

June 1, 2017

In December 2016, Benin announced its economic transformation plan, including 45 flagship projects addressing the major components of the west African country's economy. Six of the projects are specifically focused on constructing a digital economy. Serge Adjovi, director of Benin’s Digital Economy Agency, speaks to Joy Macknight about the laying the foundations for progress.

BCI teaser

Shaken but not stirred: Mozambique's banks look forward with optimism

June 1, 2017

The 'tuna bond' scandal, donor suspensions, a sharp rise in inflation rates and slower economic growth have made for a difficult operating environment for Mozambique's banks in the past couple of years. However, Peter Wise discovers a sector where optimism very much prevails. 

Andarko teaser

Mozambique looks to gas reserves in aid recovery from 2016 blip

June 1, 2017

Mozambique is slowly advancing towards financial stability following a period of scandal and currency depreciation. Now it must find the money, and the partners, to help it exploit its abundant gas reserves, writes Peter Wise.

Congo border teaser

Tripartite Free Trade Area plods along slowly in Africa

June 1, 2017

Africa’s Tripartite Free Trade Area would reduce regional tariffs and create a pan-African single market, to aid development and cash in on a growing middle class in the continent. But with member countries often belonging to multiple economic areas, progress is both complex and slow, as Kit Gillet reports.

Mauritius CBG

Bank of Mauritius governor takes long-term view on reforms

May 2, 2017

For the past two years, Mauritius’s central bank has fostered measures to fortify the country's banking sector, which accounts for 12% of its GDP. While reforms are paying off, challenges such as offshore business risk persist and need to be managed, as central bank governor Rameswurlall Basant Roi tells James King.

MCB teaser

Mauritian banks think beyond home comforts

May 2, 2017

Careful cost management and diversification have yielded solid profits for Mauritius’s banks. And with the government now focusing on SMEs, many banks are now developing their services for this sector while also expanding their footprint abroad. James King reports.

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