Press Digest

July 2, 2012 I Issue No. 104
Press Digest
 English-Language Press 
Nigeria: 42 Insurance Companies Already Hooked to Industry's Data Base
Daily Trust; July 3, 2012
As at last week, at least 42 insurance companies have uploaded their policy information,
particularly third party motor insurers, to the Nigeria Insurance Database portal.
Zimbabwe: Banking Sector Confused By Mixed Indigenisation Messages
SW Radio Africa; July 2, 2012
Zimbabwe's banking sector is said to be in a state of serious confusion, because of the mixed
messages emanating from key figures in the industry about indigenisation.
Kenyan Insurance Sector Weighed By Fraudsters
Capital FM; July 2, 2012
An insurance industry player is now proposing the creation of special courts to deal with
fraudsters who are crippling the sector.
Nigeria: Capital Market - Controversy Over FG's N300 Billion Bailout
Leadership; July 2, 2012
As the capital market community awaits the federal government's promise of forbearance
package to stockbrokers as part of measures to stimulate confidence in the Nigerian capital
market and increase liquidity, some finance experts have expressed divergent views on the
intervention.
Ghana: MTN Mobile Money Increase Payment Platforms
Mobile Money Africa; July 2, 2012
MTN Ghana has introduced a new service for customers to be able to shop online through three
online portals.
Nigeria: Mobile Money Firms Seek Nigerian Riches
Mobile Money Africa; July 2, 2012
It would seem to be a sure thing for firms offering mobile money transfers: large population, a
growing economy and just about everyone has a mobile phone, but as with many things that
seem to be a sure bet, particularly in Nigeria, there’s a catch.
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
July 2, 2012 I Issue No. 104
State Bank of Mauritius Gets Moody's Rating Upgrade
Reuters Africa; July 2, 2012
Moody's Investors Services has raised State Bank of Mauritius' long term foreign currency
deposit rating to Baa1 from Baa2 with a stable outlook, the bank said on Monday.
Nigeria: FCMB Launches Telephone Banking Platform
Daily Trust; July 2, 2012
First City Monument Bank (FCMB) said at the weekend that it has introduced telephone banking
services. This means customers of the bank no longer have to wait to speak with contact centre
consultant to have their banking transactions done, "thus making your transactions faster and
more convenient," it said in a statement.
Uganda: Bank of India Returns to Uganda
East African Business Week (All Africa); July 1, 2012
Bank of India Uganda Limited has re-opened in Uganda bringing to 25 the number of commercial
banks operating in Uganda's growing market. The bank, which boasts of a portfolio of about Ushs
266 trillion ($110b) is a wholly owned subsidiary of Bank of India with headquarters in India.
Tanzania: Kenyan Insurance Firm Invests One Billion in Tanzania
East African Business Week (All Africa); July 1, 2012
The African Trade Insurance Agency (ATI) has said it has facilitated over $1 billion worth of
investment and trade in the country by 2011, a move which makes an insurance firm to be
among the biggest investors in the insurance industry in Tanzania.
Mozambique: Government Considering Introducing Agriculture Insurance
Mozambique News Agency (All Africa); July 1, 2012
The Mozambican government is considering the possibility of introducing an agricultural
insurance policy in the country.
Tanzania: CRDB to Send Share Profits through Mobile Money
East African Business Week (Mobile Money Africa); July 1, 2012
Tanzania's CRDB bank has encouraged shareholders to receive their dividends through mobile
phone money transfer following an impressive and hassle free trial.
Uganda: Daily Mobile Money Transfers Hit Shs50b
Daily Monitor; June 30, 2012
Daily mobile money transactions have hit Shs50 billion up from Shs30 billion recorded in the
early part of 2011, according to Bank of Uganda. However, the central bank is concerned over
an increasing trend of fraud associated with mobile money transactions.
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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
July 2, 2012 I Issue No. 104
Kenya: NSSF Members May Get Cheap NBK Loans
The Star; June 30, 2012
National Social Security Fund contributors could soon use their savings as collateral for loans
from the National Bank on Kenya.
Rwanda: Bank of Kigali, MTN in New Mobile Money Deal
Rwanda Focus; June 29, 2012
Bank of Kigali, Rwanda’s largest commercial bank by market share and assets has partnered with
the country’s leading telecoms operator MTN, to offer mobile money services.
Uganda: MTN Sued Over Mobile Money
Daily Monitor; June 29, 2012
MTN Uganda has been dragged to Court over mobile money and SUKUMA SMS promos, citing
risk of loss of money by the public because the service is not regulated.
Tanzania: Limited Slots Haunt Investors in Financial Markets
Tanzania Daily News; June 29, 2012
Although only six out of 19 bids received for a 10-year Treasury Bonds emerged successful on
Thursday, the auction recorded a 28.6bn/ oversubscription, about three times the amount on
offer.
Rwanda: Compuscan Leads Credit Awareness Training for Bank, Microfinance
Institution Staff in Rwanda
MicroCapital.org; June 28, 2012
The Compuscan Academy, a South African financial services training provider affiliated with
credit bureau Compuscan, is currently leading a three-month credit awareness training for 160
bank and microfinance institution (MFI) representatives in Rwanda. The session is a result of a
need cited by the National Bank of Rwanda and is funded by the African Development Bank, a
bank that provides loans and grants to governments and private companies in Africa.
South Africa: Now Standard Gets Mobile Banking App
TechnoCentral; June 27, 2012
Standard Bank has become the latest SA bank to launch a mobile transactional banking app. The
app appeared on Apple’s App Store for iOS devices on Tuesday.
Malawi: Airtel to Invest USD25m in 3G, Mobile Money
Mobile Money Africa; June 27, 2012
Indian telecoms operator Bharti Airtel plans to invest USD25 million in Airtel Malawi, the
country’s largest mobile operator by subscribers, Business Today reports.
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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
July 2, 2012 I Issue No. 104
Ivory Coast Eurobond Hits Record High on Debt Relief
Reuters Africa; June 27, 2012
Ivory Coast's $2.3 billion defaulted bond rose sharply to a record high on Wednesday on news
the country would receive over $4 billion in debt reduction from lenders and expectations it will
resume coupon payments on its bond.
Kenya Central Bank Seeks to Mop Up $119 mln Via Repos
Reuters Africa; June 27, 2012
Kenya's central bank sought to mop up 10 billion shillings via repurchase agreements after
liquidity surged following the release of funds for the government's free education program.
 Revue de Presse Francophone 
Congo-Kinshasa: Bancarisation accélérée - Ecobank opte pour le Mobile Banking
Digital Congo ; 3 Juillet 2012
Les frontières de la sous-bancarisation de la RDC sont en train de se réduire avec l'introduction
d'Ecobank Mobile banking. Un produit innovant qui va apporter du neuf dans le fonctionnement
optimal de l'économie du pays.
Maroc : Crédit immobilier: Attention à Votre Traite!
L’économiste; 2 Juillet 2012
SI vous avez un crédit immobilier à taux variable, vous risquez d’avoir des surprises au niveau de
vos mensualités. Le trend haussier des taux des valeurs du Trésor depuis le début de l’année se
traduira mécaniquement par une réévaluation à la hausse des taux variables et par ricochet des
mensualités. Les rendements des valeurs du Trésor poursuivront leur progression à court terme,
prédisent les analystes.
Burkina Faso: BOA - Acquérir une parcelle ou se construire une maison est désormais
possible
Le Pays ; 1 Juillet 2012
« Prêt ma maison » et « Plan épargne logement », sont deux nouveaux produits que la Banque of
africa (BOA) entend offrir aux salariés du secteur privé, parapublic ou public et à ses clients.
Sénégal: Campagne agricole 2012-2013 - Un financement prévu dans la Vallée
Le Soleil, 28 Juin 2012
Dans le cadre des préparatifs de la campagne agricole 2012/2013, le premier comité de crédit de
la Caisse nationale de crédit agricole (Cncas) s'est réuni du 12 au 16 juin pour examiner les
demandes de financements des paysans du delta et de la vallée du fleuve Sénégal.
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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
July 2, 2012 I Issue No. 104
Congo-Kinshasa: Les banquiers et la FEC déterminés à accompagner la BCC !
La Prospérité; 26 Juin 2012
A une semaine du lancement officiel des billets à valeur faciale adaptée, le Gouverneur de la
Banque Centrale du Congo, Jean-Claude Masangu Mulongo, est entrain de mettre le bouchon
double pour qu'aucun grain de sable ne vienne à faire gripper l'opération.
Tunisie: Assurances - Un taux de croissance de 8 à 10%
La Presse; 26 Juin 2012
Le président de la Fédération tunisienne des sociétés d'assurances (Ftusa), Mansour El Nasri, a
indiqué que le secteur de l'assurance réalise un taux de croissance annuel variant entre 8 et 10%,
ajoutant que la valeur des primes d'assurance a atteint, en 2011, environ 1.100 millions de dinars
(MD).
Sénégal: Microfinance rurale - La solution du mobile banking
Sud Quotidien; 26 Juin 2012
Afin de corriger le paradoxe qui empêche le secteur de la microfinance d'atteindre ses objectifs
de lutte contre la pauvreté en milieu rural, la direction de la microfinance au Sénégal a décidé
d'investir le créneau du mobile banking associé aux guichets mobiles.
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/French-language press)
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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]