Latest articles from Africa

Far-flung expansion

October 1, 2007

Jacko Maree, CEO of Standard Bank Group, tells The Banker about the strategy that is leading it to expand into markets well beyond its South African home base.

New adventures in symbiosis

October 1, 2007

Its ambitions in the mobile remittances space have led Vodafone to partner with Citi to extend the service beyond Kenya to provide international person-to-person mobile payments. By Heather McKenzie.

Financing infrastructure in Africa: scope and opportunities

October 1, 2007

$40bn is needed over five years to finance infrastructure and sustain growth rates in Africa.

Foreign bankers impressed with Egypt’s reform process

September 3, 2007

National Bank of Kuwait’s (NBK) winning tender bid last month to buy Egypt’s Al-Watany Bank for $516m reflects not only NBK’s regional expansion strategy but also growing confidence in the Egyptian banking system.

Including Africa

September 3, 2007

Jean-Louis Ekra explains why Afreximbank has introduced a carbon financing programme.

In search of the right recipe

September 3, 2007

Banks are trying to open up the bond markets in sub-Saharan Africa and one idea being floated is for governments to work together to raise multi-issuer bonds. But are the IMF and aid donors standing in the way of the markets’ development? By Nigel Dudley.

Kenya’s crowded banking sector ripe for consolidation

August 1, 2007

Forty-one banks in the Kenyan banking system (plus three non-bank financial institutions and a building society) at the end of 2006 seems rather a lot, given that Tier 1 capital for the top bank in the country was only 12,375m shillings ($178m) at the financial year end.

China cuts out the middleman

August 1, 2007

By negotiating directly with Africa, China is changing the rules on commodity trading, writes Martyn Davies.

Oil price hikes offer Africa a silver lining

August 1, 2007

Climbing oil prices may be a headache for the West, but could provide Africa with much needed development revenue.

Bond markets walk tall

July 4, 2007

Primary and secondary Nigerian government bond markets are undergoing structural change with bond indices serving as economic benchmarks. Nick Kochan and Dapo Olagunjo explain.