Latest articles from Paul Wallace

Jacko Maree

The rise of African banking

January 2, 2014

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.

Fixing the resolution problem

January 2, 2014

European regulators have been trying to create resolution and recovery frameworks that will enable them to wind down failed banks without using taxpayers’ money. So far, they have not succeeded. But few bankers are quibbling with the progress made. 

Top 400 African banks ranking, 2013: Nigeria’s banking bonanza

January 2, 2014

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. 

The next governor of Nigerias central bank

The next governor of Nigeria’s central bank?

December 2, 2013

Speculation about who will succeed Sanusi Lamido Sanusi as Nigeria’s central bank governor next year is mounting. Outgoing Access Bank CEO Aigboje Aig-Imoukhuede, one of the leading candidates, tells The Banker the role would be difficult to turn down. 

2013 review the start of the US revival

2013 review: the start of the US revival?

December 2, 2013

Many investors are confident that 2013 will be remembered as the year the US economy finally started its recovery. For other parts of the world, not least the eurozone and most major emerging markets, the memories are likely to be a lot gloomier. Paul Wallace reports.

Split down the middle: Namibia has a strong economy and is rich in natural resources, yet poverty remains a significant problem as does unemployment

Namibia pins its hopes on uranium and diversification

November 1, 2013

Namibia has managed to overcome the worst of the global economic slump, while a huge new uranium mine could boost its growth greatly in the next few years. But the country still has plenty to do to tackle its most pressing social issues. 

Namibias banks tackle exclusivity

Namibia’s banks tackle exclusivity

November 1, 2013

Namibia’s banks are among the most sophisticated and safest in Africa, but they are coming under increasing pressure to service the country's unbanked population and small businesses. 

Thierry Tanoh

Ecobank chief executive looks to the future

November 1, 2013

Ecobank has been hurt recently by several allegations concerning its corporate governance. But Thierry Tanoh, its chief executive, insists it has done nothing wrong. He also explains why the pan-African lender represents a unique investment opportunity. 

The BBC recently tapped the private placement market

Private bond market proves its mettle

November 1, 2013

The US private placement bond market is proving popular with mid-sized European companies and those that lack credit ratings. American investors, starved of supply, hope the trend lasts a while longer. 

Abdusalam Omer

The toughest central banking job in the world?

October 1, 2013

Somalia’s central bank governor has to create a financial system virtually from scratch. But, as Paul Wallace writes, there is no shortage of foreign and local investors wanting to establish banks in the country, which seems to be on the mend for the first time in two decades.

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