Press Digest
Transcription
Press Digest
August 21, 2012 I Issue No. 108 Press Digest English-Language Press Nigeria: FG to Recapitalise Agric Bank - Okupe Daily Trust; August 21, 2012 The Bank of Agriculture will soon be restructured as the process for its recapitalisation has started, Senior Special Assistant, Public Affairs to President Goodluck Jonathan, Dr Doyin Okupe, has said. Zimbabwe: Soiled Notes Cost Banks The Herald; August 21, 2012 Banks are incurring huge costs in repatriating the equivalent of 100 million rand (US$11,4m) in soiled notes every month, the Bankers’ Association of Zimbabwe has said. Tanzania: Brokers Divided On Banks' Performance Daily News; August 21, 2012 Stockbrokers have welcomed the performance of financial institutions in the second quarter with mixed feeling. Kenya: AAR Subsidiary to Offer Loans Via Mobile Phones The Star; August 20, 2012 Medical insurer AAR's subsidiary AAR credit services has unveiled a service that will allow borrowers access and repay loans via mobile phones. Nigeria: CBN Expresses Concerns Over Safety of Banking Transactions Vanguard; August 20, 2012 The Central Bank of Nigeria, CBN, has expressed concerns over the rising spate of cyber crimes, and has called on banks to ensure the safety of transactions, especially in the light of the cashless policy regime. Angola: BNI Launches Micro-Credit Society Angola Press; August 20, 2012 The International Business Bank (BNI) launched Monday in Luanda the Sociedade de Microcredito (Micro-credit Society) also called FacilCred, that has already released four banking projects into the market, namely "FacilSolidário, FacilEmpreendedor, FacilEstudante and FacilSupermercado". 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 21, 2012 I Issue No. 108 Zimbabwe: FBC Bank to unveil MasterCard The Herald; August 20, 2012 FBC Bank has collaborated with MasterCard Worldwide to introduce a select suite of MasterCard products to its customers in Zimbabwe. Nigeria: Why Investors are Shunning the Stock Market This Day; August 20, 2012 The losses incurred by first time investors at the stock market, perceived weak regulation on the part of the Securities and Exchange Commission (SEC) and unfavourable policies by the Central Bank of Nigeria (CBN) are some of the reasons many investors are yet to return to the Nigerian capital market THISDAY investigations have revealed. Tanzania: NBC's Liquidity Strong Despite Pre-Tax Loss, Says BoT Daily News; August 19, 2012 The Bank of Tanzania (BoT) has said National Bank of Commerce (NBC) liquidity position is and continues to be strong, despite making a pre-tax loss of over 20bn/-. Uganda: Experts Caution On East Africa Monetary Union New Vision; August 19, 2012 Experts have urged for clear policies on how the proposed East African Central Bank will be funded, and how accounting and reporting standards will be harmonised as the region plans to adopt a single currency. Nigeria: Compulsory Health Insurance, Key to Improved Healthcare This Day; August 19, 2012 With growing calls for government to reduce the burden of healthcare services on the citizens, the Federal Government Saturday in Abuja said the quest for better and improved healthcare for Nigerians will not be feasible if the law governing the National Health Insurance Scheme (NHIS) Act is not amended to make health insurance compulsory. Kenya: CMA Moves to Stop Money Laundering The Star; August 18, 2012 Companies licensed under the Capital Markets Act will be required to obtain and maintain proper identification of clients as the regulator moves to prevent, detect and control possible money laundering in the capital markets. Tanzania: Stanchart Bank to Bring More Innovative Products Daily news; August 18, 2012 Standard Chartered Bank Tanzania has re-assured its customers to expect more innovative products and value addition services in the near future. 2 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 21, 2012 I Issue No. 108 Kenya: UBA Bank Targets Local Energy Sector The star; August 18, 2012 Pan African bank UBA plans to consolidate its business in the country through playing a big role in energy sector and infrastructure financing, its group managing director Phillips Oduoza announced yesterday. Uganda: Savers to Get 30 Percent NSSF Cash After 10 Years - Bill New Vision; August 18, 2012 So have you saved with NSSF for more than 10 years? If yes, then proposals in the new Retirement Benefits Sector Liberalisation Bill 2011, if passed into law, will allow you access up to 30% of your savings to secure mortgages or a loan for buying houses. Nigeria: Women's Representation on Banks' Board Still Dismal This Day; August 18, 2012 Commercial banks are currently strategising on how to raise the very low number of women representation on their board to meet the Central Bank of Nigeria’s (CBN’s) target. Kenya: UBA Seeks More Private, Public Partnerships Capital FM; August 17, 2012 The United Bank for Africa (UBA) is seeking to explore areas of collaboration with the government and the private sector in an effort to support Kenya’s development by improving revenue collection efficiency. Ghana: New GH¢50 notes hit market on Tuesday The Chronicle; August 17, 2012 The Bank of Ghana (BoG) has hinted that the much-awaited improved GH¢50 notes will start circulation from next Tuesday onwards, the acting Governor of the Bank of Ghana, Dr. Henry Kofi Wampah has disclosed. Nigeria: Experts Highlight Risks, Benefits of Cash-Less Policy This Day; August 17, 2012 The Executive Director, Business Development, Nigeria Inter-Bank Settlement System (NIBSS) Mrs. Christabel Onyejekwe, has said that the success of the current effort by the Central Bank of Nigeria (CBN) to transform the payment system largely depends on the availability and effectiveness of Point of Sales (PoS) terminals in the country. Africa: How to Invest in Africa's Infrastructure SAnews.gov.za; August 17, 2012 The African Development Bank (AfDB) wants SADC countries to put five percent of their monetary reserve towards the establishment of an infrastructure bond that would help speed up infrastructure development in rail, water, ports and energy. 3 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 21, 2012 I Issue No. 108 Nigeria: Ensure improved market activities, operators urge regulators Punch; August 17, 2012 Operators in the Nigerian capital market have renewed calls to the Federal Government and the regulators to ensure that activities improve in the market. Tanzania: Investors Crave for Investing Opportunities Daily news; August 17, 2012 Favourable liquidity situation in the market has continued to attract massive investments in the one-year treasury bills, leading to a 62 per cent over-subscription of the 110bn/- offer. Uganda: Banking and Mobile Money - a Powerful Convergence New Vision; August 17, 2012 The power and versatility of the mobile phone to enable financial transactions is quickly being taken up by financial institutions as they strive to deepen their presence. Nigeria: NEXIM Seeks Cooperation With Infrastructure Bank On Project Financing Daily Trust; August 17, 2012 The Nigerian Export Import Bank (NEXIM) has called for synergy between it and the Infrastructure Bank (IB) Plc to support the federal government's transformation agenda through project financing. Kenya: Co-Operative Bank Sets Up Shop in South Sudan The Star; August 16, 2012 The Co-operative Bank of Kenya and South Sudan have launched a bank in Africa's youngest nation to benefit from government plans to boost local food production. Zimbabwe: 'Chinese Currency Gains Ground in Africa' The Herald; August 16, 2012 Zimbabwe has been urged to follow the example of some Central African countries which have taken the initiative in using the Chinese currency — the yuan. Burundi Launches Mobile Money Banking New Times; August 16, 2012 The Burundi Commercial Bank (BANCOBU) and the East African country’s Telecommunications Company (ONATEL) have launched Mobicash mobile money banking product to increase the rate of access to the country’s financial services currently estimated at about 4 percent. 4 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 21, 2012 I Issue No. 108 Nigeria: FG Seeks Islamic Bank's Assistance On Polio Leadership; August 16, 2012 Vice President Mohammad Namadi Sambo, yesterday, expressed federal government’s desire for a quick and urgent intervention by the Islamic Development Bank (IDB) to arrest the scourge of Poliomyelitis in Nigeria. Developing a Talent Pipeline for Financial and Investment Analysts in Kenya Trade Invest Kenya; August 16, 2012 The Institute of Certified Securities and Investment Analysts (ICSIA) is the association of professionals in Kenya’s financial and capital markets industries. Nigeria: Banks Circumventing Cash-Less Policy, Says CBN This Day; August 15, 2012 The Central Bank of Nigeria (CBN) Tuesday decried the activities of some Deposit Money Banks (DMBs) which it said had been assisting their customers to evade the penal charges on the daily cash withdrawal and lodgment limits. South Africa: Cross-Border Payments Go Mobile South Africa. Info; August 15, 2012 South Africa's First National Bank (FNB) has launched cross-border payments to Swaziland and Lesotho through its Pay2Cell service. Ghana: Coalition Tasks Parliament to Help Regulate Interest Rate Spreads The Chronicle; August 15, 2012 Members of the Citi FM coalition on Interest Rate Spreads in Ghana have enjoined the Finance Committee of Parliament to strongly urge the Bank of Ghana (BoG) to act to halt the large spreads in interest rates also in Ghana. Uganda: Museveni to Decide On Islamic Banking New Vision; August 15, 2012 The decision on introducing Islamic banking in Uganda will be arrived at the end of next month, President Yoweri Museveni has promised the Muslim community. Zimbabwe: Cotton Farmers Register for Input Credit Scheme The Herald; August 15, 2012 The Cotton Company of Zimbabwe has started registering farmers for the input credit scheme across the country, but will only renew contracts for farmers who participated last season. Nigeria: Listing Nationalised Banks On NSE 'Ll Fail - Cowry Asset Boss Vanguard; August 15, 2012 Any attempt by the Asset Management Corporation of Nigeria, AMCON, to list the three nationalized banks on the Nigerian Stock Exchange, prior to their eventual sale will not achieve the desired objectives and is likely to fail, says Mr. Johnson Chukwu, Managing Director of Cowry Asset Management Plc. 5 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 21, 2012 I Issue No. 108 Uganda: Uneven Distribution of Loans The Independent; August 15, 2012 The city of Kigali receives over 73% of the entire loan volumes that are given out by banks, according to the monetary policy and financial stability statement released by the he National Bank of Rwanda (BNR) on August 7. Rwanda: Pension Sector Revenues Up 26 Percent New Times; August 15, 2012 Revenues in the public pension sector grew significantly in the first six months of this year, according to central bank figures, suggesting that more people are saving money through pension schemes. Tanzania: Impacts of Low Inflation Remain Unfelt Daily News; August 15, 2012 Activity level and turnover at the Dar es Salaam Stock Exchange (DSE) have not changed much despite a slight two per cent decline in inflation between the first and second quarters of the year. Rwanda: Public Urged to Support Agaciro Fund New Times; August 15, 2012 The Minister of Finance and Economic Planning has revealed that his ministry will launch a national campaign to sensitize the public on the importance of the recently launched sovereign fund, Agaciro Development Fund (AgDF). Nigeria: FG's Young Farmers' Programme to Gulp N37 Billion Daily trust; August 15, 2012 Federal Government’s program to encourage youth to invest in agriculture will gulp N37 billion, Agriculture Minister Akinwumi Adesina has said. 6 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 21, 2012 I Issue No. 108 Revue de Presse Francophone Congo : Le groupe russe Premium va investir 500 millions d’euros dans le secteur agro-pastoral Réussir; 21 août 2012 Le groupe russe envisage d’investir plus de 500 millions d’euros dans le secteur agro- pastoral au Congo, a-t-on appris lundi de source proche du ministère congolais de l’Agriculture. IFC investit 190 millions $ dans Banque Centrale Populaire du Maroc EcoFin; 20 août 2012 La deuxième banque marocaine, Banque Centrale Populaire du Maroc a ouvert 5% de son capital à la Société financière internationale (IFC, groupe Banque mondiale) pour financer son expansion africaine et élargir sa flexibilité de financement des PME. Des fonds pour l’autonomisation de femmes africaines Afrique Jet ; 17 août 2012 655 millions de FCFA de l'Espagne pour l'autonomisation des femmes africaines - L’Agence du Nouveau partenariat pour le développement de l’Afrique (NEPAD) et la Communauté économique des Etats de l'Afrique de l'Ouest (CEDEAO) ont signé avec l'Espagne un accord de subvention d’environ 655 millions de F CFA. Cote d'Ivoire: Lancement de l'emprunt obligataire TPCI - L'Etat cherche toujours de l'argent pour financer les chantiers Notre Voie ; 17 août 2012 L'État de Côte d'Ivoire a lancé, hier, sur le marché financier de l'Uemoa, un emprunt obligataire par appel public à l'épargne dénommé « TPCI.6,50% 2012-2017 ». Ile Maurice: Nouvelles directives pour règlementer les contrats d’assurance vie par unités de compte L’express; 17 août 2012 Circule en ce moment, une ébauche des nouvelles directives que la Financial Services Commission (FSC) se propose de mettre en application en vue de règlementer l’émission de contrats d’assurance vie par unités de compte. Angola: Lancement d'un nouveau produit d'assurance à Expo/Huíla Angola Press; 17 août 2012 L'Entreprise Nationale d'Assurance d'Angola (ENSA) a lancé vendredi, à la plus grande bourse de négoces de la région sud, l'Expo/Huíla, un nouveau produit dénommé Assurance Multirisque Habitation, a informé le conseiller de la direction de Marketing du département des produits et canaux, Paulo Kamundongo. 7 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 21, 2012 I Issue No. 108 Sénégal: Emission de bons du trésor - 58,188 milliards de FCFA de soumissions Le Soleil; 17 août 2012 L’État avait mis en adjudication 25 milliards de francs CFA. Les soumissions à son émission par adjudication de bons du Trésor en date d’hier ont enregistré 58,188 milliards de francs CFA de la part du marché financier. La Communauté est-africaine veut s’inspirer de l’UEMOA Réussir; 17 août 2012 La Communauté est-africaine (EAC) veut s’inspirer de l’expérience de l’Union économique et monétaire ouest-africaine (UEMOA) et, à cet égard, le groupe de travail qui négocie le Protocole de l’Union monétaire est-africaine effectuera la semaine prochaine une visite de travail de cinq jours au sein de l’UEMOA. Namibie : A la rescousse des PME Réussir; 17 août 2012 La Banque de Développement de Namibie a accordé des prêts équivalant à 5,6 millions de dollars aux petites et moyennes entreprises au cours du deuxième trimestre de cette année. Afrique : Promouvoir la croissance grâce aux marchés financiers africains Africa Renewal ; 16 août 2012 Alors que les économies européennes sont aux prises avec la crise de la dette et que la croissance a fort ralenti aux Etats-Unis et dans le reste du monde, les investisseurs se tournent vers l’Afrique en raison de l’attractivité de son économie en expansion. 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] Akoua Kouakou I Intern I [email protected] (English/French-language press) 8 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]