Latest articles from Africa

Legislative confusion muddies free market path

March 3, 2004

As signs of economic recovery appear in Kenya, banks are being hampered by the government’s unwillingness to let go of market control. Gill Baker reports.

Uncertainty is killing business on the Nile

February 3, 2004

Currency devaluation, new provisioning requirements for banks and the question of a presidential successor are creating a climate that is discouraging investors. Mark Wallace and Jon Marks report.

Cameroon’s refreshing wind of change

January 5, 2004

Helena Frith Powell talks to Paul Fokam, chairman of Afriland First Bank. He outlines how the bank intends to become a leader on the continent, while remaining relevant to Africans and working to reduce levels of poverty.

Smart moves in the developing world

January 5, 2004

South African company Aplitec saw a gap in the payments market and devised a cheaper alternative to the EMV standard. Stuart Theobald explains how this upstart company has stolen a march on the global card giants.
Smart cards have heralded a technical revolution in payments systems across the globe. But the industry smart card standard Europay Mastercard Visa (EMV) is not without its challengers. One that has caught the attention of Visa particularly is a small South African IT company called Aplitec.

South Africa still on top

December 2, 2003

The lowering of the rand/dollar exchange rate and an increase in assets keeps the country at the top of the pile.

RSA gets balance right for empowerment charter

November 3, 2003

News that South Africa’s financial sector has agreed to an ambitious black empowerment charter has pushed financial stocks upwards. The government-endorsed charter sets down detailed empowerment targets for companies, paving the way for as much as 25% of the sector’s value to be in black ownership by 2010.

Gulf gets a retail boost

November 3, 2003

While Gulf banks enjoy strong results, banks in non-oil countries have seen a drop in their profits. Stephen Timewell reports.

Bulls in a tight economy

November 3, 2003

It is a wonder that Zambia’s banks survive, let alone make money, in a country where running costs are high, reports Gill Baker.

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