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.
Africa
Latest articles from Africa
Confidence drives upturn
July 3, 2006Egypt’s minister of finance Youssef Boutros-Ghali tells Nick Kochan that the economy is ripe for investment.
Egypt runs with the bulls
July 3, 2006With 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, 2006The 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, 2006The 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, 2006Portfolio 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, 2006Kenya’s politics are as turbulent as ever. Despite this, the private sector, and banks in particular, are doing well. James Eedes reports from Nairobi.
Tanzania sets a small example
May 2, 2006James Eedes reports from Dar es Salaam on the factors fuelling Tanzania’s recent vigorous growth.
Prudent powermonger
May 2, 2006Does Ugandan president Yoweri Museveni’s ballot victory in a contested election forebode a creeping reversal of Uganda’s progress or is he still the best man for the job? James Eedes reports.
Reasons to be cheerful
May 2, 2006Were it not for the genocide, Rwanda would barely register. Small, landlocked and poor, the country’s prospects have never been good. But in Kigali, James Eedes finds some cause for optimism.