Its ambitions in the mobile remittances space have led Vodafone to partner with Citi to extend the service beyond Kenya to provide international person-to-person mobile payments. By Heather McKenzie.
Africa
Latest articles from Africa
Financing infrastructure in Africa: scope and opportunities
October 1, 2007$40bn is needed over five years to finance infrastructure and sustain growth rates in Africa.
Foreign bankers impressed with Egypt’s reform process
September 3, 2007National Bank of Kuwait’s (NBK) winning tender bid last month to buy Egypt’s Al-Watany Bank for $516m reflects not only NBK’s regional expansion strategy but also growing confidence in the Egyptian banking system.
Including Africa
September 3, 2007Jean-Louis Ekra explains why Afreximbank has introduced a carbon financing programme.
In search of the right recipe
September 3, 2007Banks are trying to open up the bond markets in sub-Saharan Africa and one idea being floated is for governments to work together to raise multi-issuer bonds. But are the IMF and aid donors standing in the way of the markets’ development? By Nigel Dudley.
Kenya’s crowded banking sector ripe for consolidation
August 1, 2007Forty-one banks in the Kenyan banking system (plus three non-bank financial institutions and a building society) at the end of 2006 seems rather a lot, given that Tier 1 capital for the top bank in the country was only 12,375m shillings ($178m) at the financial year end.
China cuts out the middleman
August 1, 2007By negotiating directly with Africa, China is changing the rules on commodity trading, writes Martyn Davies.
Oil price hikes offer Africa a silver lining
August 1, 2007Climbing oil prices may be a headache for the West, but could provide Africa with much needed development revenue.
Bond markets walk tall
July 4, 2007Primary and secondary Nigerian government bond markets are undergoing structural change with bond indices serving as economic benchmarks. Nick Kochan and Dapo Olagunjo explain.
Pensions alter the landscape
July 4, 2007Pension reforms are expected to transform the lives of Nigerians but capital markets need to be transformed to cope with the accumulation of liquidity created as a result. Nick Kochan reports.