Press Digest

April 25, 2011 I Issue No. 42
Press Digest
 English-Language Press 
Nigeria: CBN Restates Commitment to Sound Financial System
Daily Independent; April 24, 2011
Governor of the Central Bank of Nigeria (CBN), Lamido Sanusi, has restated the
commitment of the apex bank to building a virile financial system in the country.
Sanusi made the statement last week at a public hearing on bills to establish the
Nigerian International Financial Centre (NIFC), Office of the Nigerian Financial
Obudsman, and National Alternative Dispute Resolution Commission.
Angola: Peasants Get Farming Credit in Uije Province
Agencia Angola Press; April 22, 2011
A total of 93 peasants organised into agricultural associations in Mucaba district,
northern Uije province, will benefit from a farming credit campaign, disclosed a
source with the sector.
Kenya: Sharia Compliant Insurance Agency Opened
The Star; April 21, 2011
The first Sharia compliant insurance agency to commence its operations in the Coast
has been launched. Unlike other insurance policies where, once purchased, no
returns are given; Al-Wataniya gives back dividends to those who have not incurred
losses.
Nigeria: Ecobank's Boss Blames Non-Performing Loans for Drop in Banks' Earnings
Daily Independent; April 21, 2011
Chief Executive of Ecobank Nigeria, Jubril Aku, on Thursday in Lagos, attributed the
drop in gross earnings income by banks in 2010 to the array of non-performing loans
and toxic assets that still litter their books.
Weekly Press Digest
April 25, 2011 I Issue No. 42
Namibia: Bank to Upgrade to More Secure Network
Namibia Economist; April 21, 2011
MTN Business was chosen to upgrade Standard Bank Namibia's network
infrastructure, the internet service provider announced this week. The company has
been awarded the contract to deliver a fully managed multi-protocol switch labelling
(MPLS) network to Standard Bank's 115 sites, including its business branches, all
agencies, as well as all the bank's ATMs.
Financial Literacy Still Lacking in Uganda
Daily Monitor; April 21, 2011
Financial literacy has become an immensely popular component of financial reform
across the world. In Uganda, a number of programs have been conducted especially
by the private sector to increase financial education at all levels of the economy.
Uganda: National Bank Kicks Off Household Survey on Remittances
Daily Monitor (All Africa); April 21, 2011
Bank of Uganda in partnership with the Uganda Bureau of Statics is conducting a
household survey that seeks to collect data on money and other items remitted from
workers in the diaspora.
Nigeria: 3Line Card Offers ‘Street Banking’ Facility
This Day; April 20, 2011
The management of 3Line Card Management Limited said it has signed over 1,000
residents of Lekki in Lagos state into its street banking service, as part of its move to
provide financial inclusion services for the unbanked community in the country.
Kenya: Pressure Mounts for Banks to Raise Interest Paid on Deposits
Daily Nation; April 20, 2011
Commercial banks have been urged to increase the interest rates paid on deposits
and lower the cost of lending to boost economic development.
Kenya: Sh8 Billion to Finance KCB Mortgages
Daily Nation; April 20, 2011
Kenya Commercial Bank is set to receive a Sh8.8 billion loan from the World Bank to
support its regional mortgage business.
Tanzania: Private Sector Continue to Win Banks' Confidence
Daily News; April 20, 2011
The growth of credit to the private sector has continued to improve over the past
three consecutive months, indicating increased banks' confidence following the
economy’s recovery from the global financial crisis, the Bank of Tanzania (BoT)
monthly economic review has indicated.
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Weekly Press Digest
April 25, 2011 I Issue No. 42
Zambia: BOZ Dares Banks on Women Products
Times of Zambia (All Africa); April 18, 2011
The Bank of Zambia (BoZ) has challenged financial institutions to come up with
special products for women to enable them to overcome poverty and create more
wealth in Zambia.
 Revue de Presse Francophone 
Ile Maurice: Bons de trois mois - la Banque centrale met fin au régime sec
Lexpress; 25 avril 2011
La Banque de Maurice a mis fin à la disette qu'elle imposait aux banques
commerciales depuis plus de deux mois en refusant de leur vendre des bons du
Trésor de trois mois. Lors de la dernière vente aux enchères hebdomadaire des bons
du Trésor, le vendredi 22 avril, elle a accepté de vendre pour Rs 45 millions de bons
de trois mois à un taux de rémunération moyen de 2,78%, tandis que le taux le plus
élevé qu'elle a accepté est de 3%.
Algérie: les banques publiques découvrent le leasing
Les Afriques; 24 avril 2011
La Banque d’Algérie a accordé son agrément à la première filiale des banques
publiques spécialisée dans le crédit-bail, la Société Nationale de Leasing (SNL), filiale
de la BNA et de la BDL.
La Banque Centrale du Kenya a agréé un second Credit Bureau
Les Afriques; 24 avril 2011
Depuis lundi 11 avril, Metropol Credit Reference Bureau devient la deuxième société
autorisée à offrir des services relatifs au partage de l'information dans le domaine de
l'endettement, émanant du secteur bancaire au Kenya.
Tunisie: La microfinance au-delà du simple microcrédit
La Presse; 21 avril 2011
Plus d'un million de personnes ont besoin de la microfinance pour développer leurs
activités. Passer en revue les expériences réussies de la microfinance, préciser les
besoins spécifiques en Tunisie dans ce domaine et fixer les prochaines étapes à
mettre en œuvre pour que la microfinance contribue pleinement au développement
du pays, tels étaient les principaux objectifs de la conférence de presse, organisée,
depuis hier, à Tunis, par l'Association Tounes 2020.
La Banque centrale du Nigeria promet un système financier fort
Afrique Avenir; 21 avril 2011
Le gouverneur de la Banque centrale du Nigeria (CBN), Lamido Sanusi, a déclaré que
l’institution qu’il dirige est était déterminée à doter le pays d’un système financier
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Weekly Press Digest
April 25, 2011 I Issue No. 42
fort. M. Sanusi qui s’exprimait mercredi à Abuja lors d’une audience publique avec
le Centre financier international du Nigeria (NIFC), un organe du Bureau de
l’ombudsman financier du Nigeria et de la Commission nationale alternative de
résolution des différends, a précisé que des projets de loi seront élaborés pour la
création d’un centre instituant une zone financière de classe mondiale qui servirait
de catalyseur de la croissance économique.
Soudan: soutien à la Banque immobilière
Les Afriques; 20 avril 2011
Afin de contribuer aux projets de logements et de réhabilitation dans les différentes
régions, Ali Osman Mohamed Taha, vice-président du Soudan, a ordonné à la
Banque centrale du Soudan de soutenir la Banque immobilière, afin d'augmenter
son capital.
For more news on Africa financial sector 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)
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