The European Investment Bank (EIB) is providing €240m to three Nigerian banks for infrastructure projects, in a move that it is hoped will bolster confidence in the country's banking system.
Africa
Latest articles from Africa
Rwanda: A risk worth taking?
March 3, 2010Recognised as the world's top reformer by the World Bank last year, and a member of the East African Community since 2007, the outlook is certainly promising for Rwanda. But the opportunities also come with a high probability for risk. Writer Peter Guest
Tullow takes the fast route to Africa
March 3, 2010Active in 23 countries, the UK’s Tullow Oil is now targeting the African market, a policy which took a huge leap forward in January with its $1.5bn purchase of Heritage Oil’s Ugandan assets, the funds for which were raised by an accelerated bookbuild that was completed in just over a week.
Salaheddine Mezouar
December 30, 2009Salaheddine Mezouar, Minister of Economy and Finance for Morocco
Morocco's minister of economy and finance spoke to The Banker about fiscal reform, his plans to invest in the country's infrastructure to further diversify its economy and his priorities for 2010. Writer Charlie Corbett
Curing Nigeria's banking woes
October 28, 2009Firing the chief executives responsible for mismanaging Nigeria's banks has been the first step to fixing the country's financial problems. Now the system is more transparent, Central Bank of Nigeria governor Lamido Sanusi is spelling out his vision for banking reform and stability. Writer Peter Guest
Reform key to future growth
October 5, 2009The recent collapse in the price of oil accentuated the critical need for Angola to diversify its oil-dependent economy. Despite the fall in growth, however, the country has weathered the storm and must now focus on public sector reform. Writer Charlie Corbett
Late starter plays catch-up
October 5, 2009Stephen Timewell talks to Libyan Stock Market chairman Suliman Salem Alshahomy about the arrival of the country's fledgling stock market in 2008 and the plans for its development.
Welfare with a difference
October 5, 2009Libya's innovative social welfare scheme centres around empowering low-income families to invest in public projects, with the dual goals of improving their wealth and building the nation's economy, writes Stephen Timewell.
Building on firm foundations
October 5, 2009From privatisation initiatives, strategic partnerships and foreign investment, the transformation of Libya's banks continues unabated. Stephen Timewell surveys the six biggest players
Small steps to a modern system
October 5, 2009The Libyan government's shift from owner of the economy to regulator has ushered in a period of reform which has seen significant expansion in commercial banking and is gradually transforming the country's outdated banking sector, reports Stephen Timewell.