Press Digest
Transcription
Press Digest
June 28, 2011 I Issue No. 51 Press Digest English-Language Press Rwanda: SMEs Get Rwf7.8 Billion Stimulus Cash TMCnet; June 27, 2011 Rwanda Development Bank (BRD) announced a guarantee package to rescue Small and Medium Enterprises (SMEs), which are increasingly desperate for more financing alternatives. Nigeria: Enforcement of Compulsory Insurance Begins September This Day; June 26, 2011 Driven by its resolve to deepen insurance penetration and raise the level of industry's gross premium income, the National Insurance Commission, will commence enforcement of its compulsory insurance policy by September. Angola: Associated Peasants Get Agricultural Credit in Bié Agência Angola Press; June 25, 2011 Peasants of associations and cooperative in Epongolokó locality in the central Bié province benefited this year from agricultural credit, aimed at increasing their production. Kenya: Banks Given Free Hand in SME Fund The Star; June 25, 2011 The fate of small business owners hoping to access credit from the Micro and Small Enterprises Fund now lies entirely on commercial banks. The government has left it to the three selected banks, Co-operative Bank of Kenya, K-Rep Bank and Equity Bank, to choose what interests rates to charge on loans and procedures to be used while lending. Weekly Press Digest June 28, 2011 I Issue No. 51 Nigeria: Efina Tasks Retail Banking Vanguard; June 25, 2011 Enhancing Financial Innovation & Access (EfinA), a financial sector development organization that promotes financial inclusion in Nigeria, has concluded its first breakfast on retail banking strategy in Nigeria Zimbabwe: Banks Still Shun Rural Areas - RBZ The Herald; June 24, 2011 The Reserve Bank of Zimbabwe says commercial banks continue to shun rural areas, preferring urban areas. This had constrained efforts to bring the poor and marginalised into the mainstream economy, said a key RBZ official this week. Kenya: Loans Could Get More Costly as Banks Raise Their Lending Rates Daily Nation; June 24, 2011 A second bank has increased its lending rates in what signals that the country is headed for expensive loans, as lenders adjust their base rates to safeguard profit margins. Zimbabwe: IPEC Finalises Disclosure Terms for Insurers The Financial Gazette; June 24, 2011 The Insurance and Pensions Commission (IPEC) is finalising new disclosure terms for the insurance industry, part of new prudential regulation and surveillance measures, which also include raising prescribed paid-up minimum capital and weeding out technically insolvent operators. West Africa to Integrate Banking System Daily Trust; June 23, 2011 Plans are underway to integrate banking systems of Ghana, Nigeria and French speaking West African countries. When the project comes fully on stream, it will enhance interoperability between the systems of all banks in the sub-region. Rwanda: Top Bank Issues IPO The Citizen; June 23, 2011 The Bank of Kigali, majority-owned by the Rwanda government, is to issue an initial public offering (IPO) for 45 per cent of the current share-holding. The IPO is expected to commence sales next Thursday and will be open to foreign investors. Uganda: Standard Bank in Move to Counter Mobile Money The Monitor; June 23, 2011 The advent of mobile money has transformed telecom companies into financial institutions. The platform that allows people to use their mobile phones to transfer money, pay for goods and services and conduct banking services has seen telecoms eat into commercial banks' market share. 2 Weekly Press Digest June 28, 2011 I Issue No. 51 E-banking Comes of Age in Tanzania Daily News; June 22, 2011 E-banking in Tanzania has made a number of in roads, although the transactions are still cash-intensive. Citibank, Bank M and Standard Chartered are among the pioneers of e-banking, especially in paying taxes. The three banks use AsyBank system, which is a customs payment scheme that reads Tanzania Revenue Authority (TRA) commissioner’s general taxpaying account. Revue de Presse Francophone Gabon: Les dépôts de la clientèle dans les banques sont en hausse de 19,90 % Infoplus Gabon; 26 juin 2011 Le ministre gabonais de l'Economie et des Finances, Magloire Ngambia, a récemment annoncé la hausse du volume d'affaires des banques de 11,3% au cours du premier trimestre 2011. Les dépôts de la clientèle ont également accru de 19,90% au cours du premier trimestre 2011 dans les neuf principales banques. Algérie: Les banques seront notées à partir de juillet prochain La Tribune; 25 juin 2011 Du nouveau pour le contrôle et la supervision du système bancaire national. Désormais, les banques seront notées. En effet, la Banque d'Algérie (BA) se dotera à partir du second semestre 2011 d'un système de notation de banques. L'objectif : préserver la stabilité du système financier. C'est ce qu'a annoncé jeudi dernier le gouverneur de la Banque d'Algérie, Mohamed Laksaci, repris par l'APS lors d'une journée technique destinée aux inspecteurs de la BA. Hausse des dépôts bancaires du Zimbabwe en 2011, selon la BAD Afrique Avenir; 25 juin 2011 Les dépôts bancaires du Zimbabwe ont connu une hausse avoisinant les 50 pour cent cette année qui s’explique par le fait que l’économie de ce pays de l’Afrique australe se remet peu à peu d’une décennie de récession économique, a indiqué vendredi un nouveau rapport de la Banque africaine de développement (BAD). Afrique de l’Ouest : Une directive pour inciter les entreprises d’investissement à capital fixe Les Afriques; 24 juin 2011 Face à la faiblesse des financements bancaires en faveur des petites et moyennes entreprises ou industries (PME/PMI), la Commission de l’UEMOA et la BCEAO travaillent à favoriser l’émergence de moyens alternatifs. En Afrique, le téléphone portable révolutionne la banque Slate Afrique; 23 juin 2011 3 Weekly Press Digest June 28, 2011 I Issue No. 51 Le paiement par mobile, qui a été un échec cuisant en Occident, est un énorme hit en Afrique. Comment l'expliquer? L’aspect simple et pratique participe au succès de ce mode de paiement sur le continent noir. La seule formalité pour ouvrir un compte est de s’enregistrer auprès d’un agent assermenté Angola: Le Crédit agricole améliore la vie à la campagne Agência Angola Press; 22 juin 2011 La concession de crédit agricole à la campagne est en train de contribuer à l'amélioration des conditions de vie des agriculteurs et à l'augmentation du revenu des familles au milieu rural. 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 Officer I [email protected] (English-language press) Olivier Vidal I Research Assistant I [email protected] (French-language press) 4