Latest articles from Africa

José de Lima Massano

Angola's CBG reforms his way to stability

May 1, 2014

Angola’s central bank has carried out a wave of reforms in recent years to improve its monetary policies and modernise the banking sector. And its governor, José de Lima Massano, says there is still more to come.

Angola makes its business case

Angola makes its business case

May 1, 2014

Angola’s government has launched several initiatives to boost the country's non-oil sectors. Some of these, including a hike in import tariffs in March, have proved controversial, while the business environment remains tough by global standards. But investors think the country still has plenty going for it.

Mozambique’s strong run

Mozambique’s banks on a good run

May 1, 2014

Mozambique’s banking sector has grown rapidly in recently years, on the back of the country’s resources boom, and neither the country's large current account deficit or political tensions seem likely to scupper its health.

Angolan banks learn from their excesses

Angolan banks learn from their excesses

May 1, 2014

Angola’s banking sector has been hit by a recent rise in non-performing loans, a legacy of reckless lending in the past decade. But bankers are optimistic that the worst is over. 

Reforming Angola's macroeconomy

May 1, 2014

Angola’s government has been praised for its macroeconomic reforms of recent years, but more are needed to accelerate economic diversification, and public financial management still needs to be strengthened.

Nigeria’s bad bank: here to stay

April 1, 2014

Amcon, Nigeria’s resolution vehicle set up after its 2009 financial crisis, has made a lot of progress restructuring the billions of dollars of loans it holds. But its chief executive Mustafa Chike-Obi says its work will get harder and argues against calls for it to be wound down quickly.

Nigerian banks shrug off regulatory headaches

April 1, 2014

Nigeria’s banks may be suffering the impact of regulatory changes and monetary tightening, but the country’s robust growth and economic reforms are taking away the sting.

Godwin Emefiele

The tough act to follow at Nigeria's central bank

April 1, 2014

Investors in Nigeria were shocked when central bank governor Lamido Sanusi was suspended in February. His likely successor, Godwin Emefiele, is a very different character, but he will be keen to prove he is no less independent.

Nigerian president Goodluck Jonathan

Nigeria: still on track?

April 1, 2014

Nigeria’s rapidly growing economy has increased its appeal to the world’s emerging market investors. But political tensions ahead of next year’s elections and failed reforms have exposed some glaring weaknesses.

Trouble rumbles on at Ecobank

A cautionary tale for African banks

March 24, 2014

The controversy that has dogged pan-African lender Ecobank in the last nine months has shaken it to its core. Last month Thierry Tanoh, its chief executive, was forced to stand down in what was the latest and, Ecobank shareholders will hope, possibly the last in a series of events that has dented the institution’s credibility.

By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them.