Latest articles from Africa

IMF backs emerging nations as Africa drops off the agenda

October 2, 2006

While some countries landed quota increases at the IMF meeting in Singapore, Africans feel their interests were once more overlooked.

Egypt embarks on banking sell-off

September 4, 2006

Egypt is lining up its state-owned banks at the privatisation starting block. Nick Kochan reports on the prospects.

National needs again usurped by political diktat

September 4, 2006

The departure of a leading reformer has left question marks over further good governance progress and is adding uncertainty to the chaotic preparations for Nigeria’s presidential elections next year. James Eedes writes.

Making waves

August 7, 2006

For Barclays to succeed in the new South Africa, it must strengthen newly acquired Absa's efficiency and then both must learn how to tap the country’s burgeoning black middle class. Meanwhile, their efforts are shaking up a heavily concentrated banking sector. 

Confidence drives upturn

July 3, 2006

Egypt’s minister of finance Youssef Boutros-Ghali tells Nick Kochan that the economy is ripe for investment.

Egypt runs with the bulls

July 3, 2006

With reformers at the helm of a buoyant economy, Egypt is instilling confidence in rating agencies and markets with its new commercial spirit and changes in taxation, and banks are reaping the benefits. Nick Kochan reports from Sharm el Sheikh.

Uganda trials reforestation project

July 3, 2006

The New Forests Company (NFC) is using CDM to help finance its reforestation of an area in western Uganda in its Namwara project.

Nigeria’s minimum capital decree gives surviving banks more clout

July 3, 2006

The most conspicuous change to the list of sub-Saharan African banks in the Top 1000 is the proliferation of Nigerian institutions. This reflects the impact of the Central Bank of Nigeria’s decree that banks there meet a new minimum capital requirement of N25bn ($192m), up from just N2bn.

An appetite for African assets

July 3, 2006

Portfolio investors are turning their attention to Africa, a sign that the continent’s economic prospects are improving. James Eedes reports.

Chinks of light amid the chaos

May 2, 2006

Kenya’s politics are as turbulent as ever. Despite this, the private sector, and banks in particular, are doing well. James Eedes reports from Nairobi.