Latest articles from Africa

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.

From chaos to confidence

July 2, 2004

Finance minster Yaw Osafo-Maafo tells James Eedes how Ghana has managed to shake off financial chaos in the past four years and take the lead in establishing new benchmarks of governance in Africa.

Ready for stage two reforms

July 2, 2004

Mozambique’s prime minister, Luisa Diogo, tells James Eedes about the country’s immense progress in the past decade and its plans for future reforms.

Shortcomings are being identified and addressed

July 2, 2004

Tanzania’s finance minister Basil Mramba talks to Steven Timewell about moves to secure natural resources and update land legislation to free up domestic financing.

Serious about financial reform

June 2, 2004

James Eedes finds that Nigeria’s finance minister is determined to put the country back on track.