Press Digest

August 23, 2011 I Issue No. 59
Press Digest
 English-Language Press 
Angola: Banks Must Take Measures to Hinder Financial Fraud
Agência AngolaPress; August 23, 2011
Public and private banks must take extra measures with regard to customers and operations
that for their nature and characteristics can reveal greater risks of financial fraud, such as
money laundering and financing of terrorism.
Namibia: Act to Boost Investments
New Era; August 22, 2011
Government is set to enact amendments that would compel pension funds and long-term
insurers to invest specific amounts of their money within Namibia.
Eritrea: Inhabitants of Senafe Utilize Saving and Micro-Credit Scheme
Shabait.com; August 21, 2011
Inhabitants of the town of Senafe who benefited from the saving and micro-credit program
expressed their satisfaction for changing their living standard through the scheme.
Nigeria: 'Only 24 Million Have Bank Accounts'
Vanguard; August 19, 2011
Managing Director of Oliswarren Associates Limited, Mr. Olisa Aniuno, yesterday, said
studies have shown that only 24 million Nigerians operate bank accounts, describing it as
too low for a population of 150 million people.
Nigeria: Mobile Phones as Wallets - A Cash Free Economy?
This Day; August 19, 2011
A cash-free economy handles it monetary transactions electronically, typically exchanging all
physical money for electronic money. This could be via chip/PIN card in form of debit or
credit cards, or through internet banking which could be directly or indirectly through third
parties like Inter-switch's verve card or GTBank mobile applications.
Weekly Press Digest
August 23, 2011 I Issue No. 59
How to Make Agriculture Profitable in Nigeria – Stanbic IBTC
Vanguard; August 19, 2011
Access to agricultural inputs, market linkages, and technical support services as well as
access to financial services through value-chain financing are the factors that could lead to
revival and growth of Nigeria’s ailing agriculture sector, says Jacques Taylor of Stanbic IBTC
Bank.
Angola: Small Savings Boost Deposits - Economist
Angola Press; August 18, 2011
Small savings enable the banks increase the deposit portfolio which leads to the funding of
the economic system itself, said Thursday the economist José Severino.
South Africa: More Workers Now Paid By Mobile - FNB
SouthAfrica.info; August 18, 2011
Since its launch in July 2010, First National Bank's corporate clients have used Pay Wallet to
send over R42-million directly to the mobile phones of more than 19000 South Africans,
with the service now growing at an average monthly rate of 35%.
Kenya: New Cheques Hit By Slow Internet
Nairobi Star; August 18, 2011
The cheque truncation system which went live on Monday has been picking up but slow
data transmission speeds have threatened to stall the initiative.
Nigeria: Nigeria Leads in Africa Local Debt
Vanguard; August 18, 2011
Nigeria looks set to overtake South Africa as the continent’s biggest issuer of local
government debt with a planned $650 million auction by one of its states in October, but
sub-national bonds remain far off for much of Africa.
Angola: Farmer Suggests Direct Grant of Funds
Angola Press; August 17, 2011
The Angolan producer Domingos Afonso on Tuesday here suggested that the Angolan
Development Bank (BDA) should grant credits to small and medium farmers in a direct way,
ANGOP has learnt.
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Weekly Press Digest
August 23, 2011 I Issue No. 59
Kenya: Mobile APP for Insurers Unveiled
Nairobi Star; August 17, 2011
The insurance industry has stepped up its service distribution channels with the launch of
mobile phone application that allows agents to access policy information while on the field.
Nigeria: Cash Withdrawal Pilot Scheme - Experts Skeptical Over Policy
Leadership; August 15, 2011
Some finance experts have said that the plan by the Central Bank of Nigeria (CBN) to kick-off
its cashless society pilot scheme in Lagos State might not be easy as it could slow down
business activities in the state.
 Revue de Presse Francophone 
Sénégal: Taux d'intérêts élevés des systèmes financiers décentralisés- La nature
des crédits indexés
Walfadjri; 23 août 2011
Si elle a pour vocation de faire accéder une certaine catégorie de la population aux services
financiers, et par ricochet de les faire sortir de la pauvreté, certains observateurs voient en
la microfinance une manière d'appauvrir davantage sa clientèle.
Angola: Les Banques doivent appliquer des mesures supplémentaires d'urgences
contre la fraude financière
Agência AngolaPress; 22 août 2011
Les Banques publiques et privées doivent appliquer des mesures supplémentaires d'urgence
relatives aux clients et opérations qui par leurs natures et caractéristiques peuvent être des
risques de fraudes financières, a déclaré lundi à Luanda le directeur national de l'Inspection
et Investigation des Activités Economiques (DNIIAE), José Alexandre Canelas.
Sénégal: Education financière: Le meilleur conseil du contribuable
Réussir; 22 août 2011
Le risque de surendettement des clients des services financiers est réel au Sénégal. Pour
conjurer le mal, le secteur de la micro finance a jeté son dévolu sur l’éducation financière
pour aider à la formation des clients matures à pouvoir jouir pleinement de leurs droits et à
améliorer leur relation avec les institutions financières.
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Weekly Press Digest
August 23, 2011 I Issue No. 59
Angola: Des nouvelles technologies d'information garantissent la rapidité des
services
Agência AngolaPress; 22 août 2011
L'utilisation de nouvelles technologies d'information garantit à l'Entreprise Nationale
d'Assurances d'Angola (ENSA) d'opérer avec une grande efficacité et rapidité, a informé
lundi à Luanda le président du Conseil d'Administration de l'Ensa, Manuel Gonçalves.
Afrique Centrale: Libreville abrite le nouveau siège de la COBAC
Info Plus Gabon; 22 août 2011
La capitale gabonaise, Libreville, abrite depuis peu le siège de la Commission bancaire des
Etats de l'Afrique centrale (COBAC) chargée de réguler le secteur bancaire.
Cote d'Ivoire: Cautionnement et garantie bancaires dans les marchés publics Les PME-PMI se mettent à niveau
Notre Voie; 19 août 2011
Les PME-PMI de Côte d'Ivoire ont besoin de remplir certaines conditions financières en vue
de postuler aux marchés publics qui leur sont assez difficile d'accès. C'est à ce titre que le
comité national Côte d'Ivoire du projet Amade Proinvest a organisé une formation sur les
conditions de délivrance des cautions bancaires au profit des entreprises membres dudit
projet.
Ile Maurice: La SBM introduit le service de Bancassurance
Lexpress; 18 août 2011
La State Bank of Mauritius (SBM) propose son tout nouveau service et s'embarque dans un
projet de bancassurance. Celui-ci est destiné aux clients et non clients de la SMB.
For more news on African financial sectors please click here.
Pour plus d’actualités sur la finance en Afrique veuillez cliquer ici.
Compiled by:
Alessandro Girola I Research & Knowledge Manager I [email protected]
Rim Nour I Research Officer I [email protected] (English-language press)
Olivier Vidal I Research Assistant I [email protected] (French-language press)
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