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Latest articles from Africa

Informal sector is high priority

October 4, 2004

Like many other developing countries, the small and medium enterprise (SME) sector in Nigeria is considered crucial to job creation and broad-based economic development. Indeed, SME development has been a high priority ever since the transfer to civilian rule in 1999.

Exchange of ideas

October 4, 2004

Nigeria’s capital market is sizzling and the stock exchange is working hard on various fronts to put it on the international scene. James Eedes reports on the problems and the progress.

Action on debt

October 4, 2004

Nigeria is burdened by debt. James Eedes looks at how the country is planning to tackle it.

Mixed reaction

October 4, 2004

Some bankers accept that, in the long run, a higher capital requirement is necessary to strengthen institutions. But some are unhappy about the impact on smaller banks and about the difficulties of raising capital.

New rules for banks

October 4, 2004

Central Bank of Nigeria governor Charles Soludo talks to The Banker about his plan to increase banks’ minimum capital requirement.

A fragile sector

October 4, 2004

Barely a month in the job, new Central Bank of Nigeria governor Charles Soludo has thrown down the gauntlet to the country’s banks. By demanding a huge hike in minimum capital requirements, Mr Soludo is forcing the weak and fragmented industry to consolidate, in a move that he insists will result in a stronger banking system that plays a more active role in economic development.

Tighter hold on purse strings

October 4, 2004

Under finance minister Ngozi Okonjo-Iweala, the Nigerian ministry of finance is pressing ahead with fiscal reform, reigning in and cleaning up public expenditure. James Eedes reports.

New look wanted

October 4, 2004

Nigeria has put in place a reform strategy that aims not only to improve economic performance but to change people’s negative perceptions of the country.

A picture of health

August 2, 2004

South African banking is on the right path for achieving its economic efficiency and consumer protection targets. South Africa’s banking sector is in good health, with banks well-capitalised and the total balance sheet growing markedly during 2003, according to a report released in July by the bank supervision department of the South African Reserve Bank.

Egyptian endeavours

July 2, 2004

A revival in corporate activity and several major project financings give Egypt reasons to be positive, write Jon Marks and Kevin Godier.