Latest articles from Africa

EIB's €240m props up Nigerian banks

March 3, 2010

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.

Rwanda: A risk worth taking?

March 3, 2010

Recognised 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, 2010

Active 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, 2009

Salaheddine 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, 2009

Firing 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, 2009

The 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

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Late starter plays catch-up

October 5, 2009

Stephen 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, 2009

Libya'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.

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Building on firm foundations

October 5, 2009

From 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, 2009

The 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.