Press Digest

August 20, 2013 I Issue No. 159
Press Digest
 English-Language Press 
Gambia: Supporting IFRS Implementation Through High-Quality Audit Training Held
The Daily Observer (All Africa); August 20, 2013
The World Bank in partnership with Central Bank of The Gambia and the Gambia Association of
Accountants on Tuesday held a four-day training workshop for stakeholders on supporting
International Financial Reporting Standards (IFRS) implementation through high-quality audit, at
the Kairaba Beach Hotel. The senior staff of the Central Banks, Commercial Banks and External
Audit Farms attended the training.
Nigeria: NAICOM Meets Insurers Over Delayed Financial Reports
This Day; August 20, 2013
The National Insurance Commission (NAICOM) will today meet with chief executives officers
(CEOs) and chief finance officers (CFOs) of insurance companies that were yet to submit their
2012 audited financial reports and returns. The commission expressed concern that over three
quarter of insurance companies under its supervision were yet to submit their International
Financial Reporting Standards (IFRS) reports for last year up till this time of the year.
Kenya: ECB Customers to Access Cash On Airtel Mobile Wallet
CIO East Africa (All Africa); August 20, 2013
Equatorial Commercial Bank (ECB) this morning picked up an innovation to integrate traditional
banking onto the mobile platform for its customers. Mobile money has contributed a lot in terms
of financial inclusion in the Kenyan banking industry. Through an early morning partnership deal
with Airtel Kenya, ECB will offer its customers an opportunity to access cash more easily other
than from the Kenswitch ATM networks from the Airtel Money platform.
Namibia: 50 Women Benefit From N$900 Loans
Namibian; August 20, 2013
Fifthy women from impoverished backgrounds in Katutura will benefit from a partnership
between the Danidari congregation of the Evangelical Lutheran Church in the Republic of
Namibia (ELCRN) and the World Encounter, a United States of America faith-based programme.
The micro-loan programme, launched at the weekend between Danidari ELCRN and World
Encounter, will see each woman getting a N$900 loan for small-scale business ventures.
Tanzania: Bank Ventures Into Lucrative, Ready-Made Housing Market
Tanzania Daily News (All Africa); August 20, 2013
Making Finance Work for Africa Secretariat
www.mfw4a.org
c/o African Development Bank
15 Avenue du Ghana, BP 323
1002 Tunis Belvédère, Tunisia
Tel. (+216) 7110 3953
Fax: (+216) 7133 4484
[email protected]
Weekly Press Digest
August 20, 2013 I Issue No.159
Tanzania faces a serious home shortage, with demand hovering over three million units whereas
supply is a mere 0.5 per cent of the total demand per year. Studies show that house demand is
averagely increasing at a rate of 200,000 units, far above the 15,000 houses put up annually and
the gap is likely to worsen if immediate remedial measures are not taken. In a recent report, a
UK-based Global Property Guide (GPG)--a research firm that sells data to investors in residential
property-- said Tanzanians who yearn for home ownership could realise their dreams if they
were ready to pay 134 times of their annual incomes.
Nigeria: Four Nigerian Banks Raise U.S. $1.45bn From Eurobond Market
This Day; August 19, 2013
Following the creation of a sovereign benchmark in the international capital market (ICM) by the
federal government, four Nigerian banks had taken advantage of the opportunity by issuing
Eurobonds valued at a total of $1.45 billion between January 2011 and July 2013. The banks
were First Bank of Nigeria Limited which issued $300 million Eurobond in July 2013, Fidelity Bank
Plc's $300 million Eurobond sold in May 2013, Access Bank Plc's $350 million Eurobond issued in
July 2012 and Guaranty Trust Bank's $500 million Eurobond which was issued in May 2011.
Nigeria: CBN Releases Guidelines for N220bn Msmes Fund
Daily Trust; August 19, 2013
The Central Bank of Nigeria Friday released guidelines for operation of the recently launched
N220 billion Micro, Small and Medium Enterprises Development Fund. In the guidelines, CBN
said the fund, 60 percent (N132.00 billion) of which has been earmarked for providing financial
services to women, has a seed capital of N220 billion. In operating the fund, the bank said special
consideration shall also be given to institutions that will provide financial services to graduates of
the Central Bank of Nigeria's Entrepreneurship Development Centres (EDCs).
Nigeria: Banking Uncertainties Leaves Stock Market in Loss Position
This Day; August 19, 2013
Investors in the Nigerian equities market went home wailing again last week as the market
sustained the downward spiral that started the previous week following uncertainties in the
banking sector. Investors engaged in consistent sell activities throughout the week due to the
gloomy outlook in key sectors of the economy. Consequently, the market recorded four days of
losses and only made slight recovery on Thursday to halt the extended losing streak. The stock
market had dropped by N121 billion the previous week as the implementation of the 50 per cent
cash reserve ratio (CRR) on public sector deposits in banks took effect.
Zambia: Bank of Zambia Approves New SME Bank
The Times of Zambia (All Africa); August 19, 2013
The Bank of Zambia (BoZ) has approved the creation of a Small and Medium Enterprises(SMEs)
Credit Bank which is expected to be operational by February, 2014. This follows the proposal by
the Zambia National Small and Medium Entreprenurship Fund (ZNSMEF) who are the initiators of
the small-scale banking institution.
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Making Finance Work for Africa Secretariat
www.mfw4a.org
c/o African Development Bank
15 Avenue du Ghana, BP 323
1002 Tunis Belvédère, Tunisia
Tel. (+216) 7110 3953
Fax: (+216) 7133 4484
[email protected]
Weekly Press Digest
August 20, 2013 I Issue No.159
 Revue de Presse Francophone 
Tunisie: Sociétés cotées en Bourse - ça grimpe de 8,3 %
La Presse; 19 aout 2013
Le revenu global des sociétés cotées en Bourse, 66 au total, a enregistré une hausse de 8,3%, au
cours du premier semestre de 2013 par rapport à la même période de 2012. Cette hausse a été
enregistrée en dépit d'une baisse de 4% de l'indice Tunindex, selon un rapport publié sur le site
électronique de la Bourse des valeurs mobilières de Tunis (Bvmt).
Angola: L'Exécutif analyse la stabilité du système bancaire du pays
Angola Press; 16 aout 2013
Le vice- gouverneur de la Banque Nationale d'Angola (BNA), André Lopes, a annoncé vendredi, à
Luanda, que la Commission Économique du Conseil des Ministres, qui s'est réunie à Luanda, a
apprécié le bilan de la stabilité du système bancaire du pays au cours du deuxième trimestre
2013.
Airtel Afrique s’ouvre à la micro-assurance mobile en partenariat avec MicroEnsure
Agence Eco Finance; 16 aout 2013
Bharti Airtel, présent dans 20 pays en Asie et en Afrique, vient de conclure un partenariat avec
l’organisation MicroEnsure pour distribuer des produits de micro-assurance pour couvrir les
risques vie, accident, maladie, agricole et autres.
Gabon: La BOAD garantit l'emprunt obligataire d'Oragroup à concurrence de 6,5 milliards de
francs CFA
Info Plus Gabon (All Africa); 14 aout 2013
La Banque Ouest-africaine de développement (BOAD) va garantir l'emprunt obligataire
d'ORAGROUP, société holding de Orabank, pour un montant de 6,5 milliards de francs CFA suite
à une signature cette semaine à Lomé d'une convention entre les deux institutions
Mali: Redéploiement des banques dans les trois régions du nord
Afriquinfos; 13 aout 2013
Le président de l'Association Professionnelle des Banques et Etablissements Financiers du Mali
(APBEFM) Moussa Alassane Diallo a déclaré, dans un entretien accordé aux medias lundi à
Bamako, qu'à partir du 15 août, les Banques et Etablissements financiers du Mali seront
redéployés dans les trois régions du nord du Mali, à savoir Gao, Tombouctou et Kidal.
Après plus d'une année d'absence dans ces régions, le redéploiement de ces banques est un
signe que la sécurité s'est améliorée dans cette région.
Le Nigeria veut devenir un pôle mondial de la finance islamique avec 80 millions de musulmans
bancarisées
Agence Eco Finance; 12 aout 2013
Comptant plus de 80 millions de musulmans majoritairement non bancarisés, le Nigeria pays le
plus peuplé d’Afrique, a lancé récemment plusieurs initiatives pour créer un cadre règlementaire
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Making Finance Work for Africa Secretariat
www.mfw4a.org
c/o African Development Bank
15 Avenue du Ghana, BP 323
1002 Tunis Belvédère, Tunisia
Tel. (+216) 7110 3953
Fax: (+216) 7133 4484
[email protected]
Weekly Press Digest
August 20, 2013 I Issue No.159
favorable au développement de cette finance participative qui exclut tout usage de prêt à intérêt
pour privilégier le partage de risque et de profit avec les contreparties.
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 | Research & Knowledge Manager | [email protected]
Olivier Vidal | Associate Research Officer | [email protected]
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Making Finance Work for Africa Secretariat
www.mfw4a.org
c/o African Development Bank
15 Avenue du Ghana, BP 323
1002 Tunis Belvédère, Tunisia
Tel. (+216) 7110 3953
Fax: (+216) 7133 4484
[email protected]