After years of economic mismanagement, Libya's two key state financial institutions – the Libyan Foreign Bank and the country's sovereign wealth fund, the Libyan Investment Authority – are restructuring and carving out new strategies as the country wakes up to a new economic dawn.
Africa
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Rwandan banks seek to boost profitability amid high growth
March 1, 2012Rwanda’s banks have benefited from the country’s rapid development since its genocide less than 20 years ago. With a high unbanked population and expectations of continued near double-digit economic growth, their rise is unlikely to slow soon. But the banks will have to boost their efficiency quickly if they want their profitability to match that of other east African lenders.
Libyans play economic waiting game
March 1, 2012Amid the celebrations to mark the first anniversary of Libya's revolution, strong economic leadership of the country is yet to emerge.
Tech-savvy Kenyan banks set the template for financial inclusion
February 1, 2012Kenya’s banks have proved themselves to be among Africa’s savviest and most innovative when it comes to tapping the unbanked market, which has helped them and their profits expand quickly in the past few years. And with a significant proportion of the market still unbanked, not to mention a relatively small number of mortgages in the country, there is still room for further growth.
What Kenya can teach the world about banking to the masses
February 1, 2012The example set by Kenya's banks when it comes to not only reaching the unbanked, but also making a profit from them, is something that the rest of the world should look to emulate.
Latam banks lead the liquidity league
January 25, 2012Latin American banks dominate the rankings for deposits with the central bank, providing large liquidity cushions in their countries if needed.
The democratic and economic rewards of solving Africa's infrastructure deficit
January 3, 2012Africa’s poor infrastructure has caused it to lag behind other emerging markets over the past few decades. And while better infrastructure is crucial for the continent’s economic development, it can also boost democracy and good governance.
Senegal looks to preserve good habits as tense elections loom
January 3, 2012Senegal has established itself as one of sub-Saharan Africa’s most sophisticated economies in the past decade. Lacking the natural resources prevalent in many of the continent’s other fast-growing countries, its pillars of growth have been political stability and prudent fiscal management. But next month’s elections will put its credentials to the test.
Tunisia's plan to make democracy work
January 3, 2012After the Arab Spring uprisings, Tunisia's new democratically elected government has the task of attracting investment to the country and creating jobs for its youthful population. Its Jasmine Plan, which heavily involves the private sector, is intended to do just this.
Senegal’s lenders prepare for expansion
January 3, 2012Senegal’s banking system is one of Africa’s most competitive. Yet there is plenty of scope for its lenders to expand, thanks to fast economic growth and a large unbanked population. If this rise is managed carefully, Senegal will soon be firmly entrenched as the main banking hub in French-speaking west Africa.