Press Digest

April 24, 2012 I Issue No. 94
Press Digest
 English-Language Press 
South Africa's New Small Business Agency
SouthAfrica.info; April 24, 2012
The Small Enterprise Finance Agency will have access to R1.4-billion in funding for South African
small businesses over the next three years, with input from the Industrial Development
Corporation being crucial to its effectiveness, says Economic Development Minister Ebrahim
Patel.
MasterCard Mobile Comes to South Africa
SouthAfrica.info; April 24, 2012
MasterCard has partnered with local mobile-centric financial services company Oltio to bring
MasterCard Mobile to the South African market, expanding the platform for online shopping in
the country.
Ivory Coast to Issue $120 mln, 3-year Bond
Reuters Africa; April 23, 2012
Ivory Coast plans to issue a 60 billion CFA franc three-year bond with a 6.0 percent coupon to
raise funds for infrastructure projects, one of the lead managers said on Monday.
Zambia short-lists 11 banks for Eurobond role
Reuters Africa; April 23, 2012
Zambia has issued requests for proposals to 11 international banks seeking to act as book
runners for its debut $500 million Eurobond, a government agency official said on Monday.
Kenya: IRA to Launch New Claims Rules
The Star; April 21, 2012
Insurance industry will soon have new claims handling regulations to improve these operations
which are said to be the subject of most complaints by clients.
Africa: World Bank and Arab Monetary Fund Join Forces to Promote Housing
Solutions
World Bank Press Release; April 20, 2012
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
April 24, 2012 I Issue No. 94
An agreement to foster knowledge and best practice on housing finance in the Arab world was
signed today in a Memorandum of Understanding between the World Bank and the Arab
Monetary Fund (AMF).
Eritrea: Micro-Credit and Savings Program Upgrades Livelihood of Mai-Aini
Inhabitants
Shabait.com; April 20, 2012
The farmers in Mai-Aini said that micro-credit and savings program has brought about visible
improvement in their livelihood.
Kenya: Riders Advised on Insurance
The Star; April 20, 2012
Insurance Regulatory Authority has challenged boda boda operators in Kisumu to reduce the
number of accidents to enable insurance firms to slash the cost of premiums for motorcycles.
Nigeria: NUJ - Insurance Policy to Be Made Compulsory for Journalists From 2013
Leadership; April 20, 2012
Malam Mohammed Garba, the National President of NUJ, has said that the insurance policy
initiated by the union will become compulsory for all working journalists in Nigeria from 2013.
Africa to Be Next Boomtown For Private Equity
Reuters Africa; April 23, 2012
Africa is the next big thing, just ask Bob Geldof and other private equity bankers.
Zimbabwe: TN Bank to List in May
Zimbabwe Independent; April 20, 2012
Zimbabwe Stock Exchange (ZSE) CEO Emmanuel Munyukwi is set to pop some champagne in
May, if plans to list TN Bank go as planned. This is because TN Holdings is seeking to demerge TN
Bank and list it separately on the ZSE in this quarter.
Namibia: Standard Bank Clients Remain Dissatisfied
Namibia Economist; April 20, 2012
Earlier this year, Standard Bank Namibia launched a new system which it said would improve
people's banking experience. However, the new system has left people frustrated and angry.
Namibia: ATM Pin Guards to Protect Customers
Namibia Economist; April 20, 2012
FNB Namibia has announced the installation of pin guards at FNB ATMs. Brandon Brock,
manager: FNB ATM, said that the bank has already rolled out the pin guards at 20 ATMs in
Windhoek and another one in Tsumeb.
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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
April 24, 2012 I Issue No. 94
Zimbabwe: Insurance Sector Registers Growth
Zimbabwe Independent; April 20, 2012
Direct short term insurers reported a retained profit of US$6,2 million for the year to December
compared to US$1,9 million reported in the same period last year due to growth in written
business in the motor and fire classes.
Tanzania: Co-Ops Clinch 50 Billion- Cashew Payment Deal
Tanzania Daily News; April 20, 2012
The government has granted a 100 per cent guarantee to commercial banks to lend primary cooperative societies so that they can settle claims by cashew-nut farmers amounting to 54bn/-.
Nigeria: CBN Advises Banks' Board Members to Sharpen Skills
This Day; April 20, 2012
The Central Bank of Nigeria (CBN) has advised members of board of directors of banks to
sharpen their knowledge on risk management so as further deepen risk management structures
in the industry.
Africa: New Database Shows Three Quarters of World's Poor Are 'Unbanked'
World Bank Press Release; April 19, 2012
Three quarters of the world's poor do not have a bank account, not only because of poverty, but
also because of the cost, travel distance, and amount of paper work involved in opening one,
says the World Bank.
Angola: ATM Users Withdrew Akz 450 Billion in 2011
Angola Press; April 19, 2012
At least Akz 450 billion (Usd 45 billion) were withdrawn throughout the country in 2001, through
the ATM network, Angop learned Wednesday in Luanda.
Nigeria: Why CBN Created Consumer Protection Division
The Moment; April 19, 2012
The recent creation by the Central Bank of Nigeria (CBN) of a Consumer and Financial Protection
Division in its Financial Policy and Regulation Department is to enable it focus more effectively in
ensuring the protection of consumers in the financial sector.
South Africa: Local's Banks in Upbeat Mood
SouthAfrica.info; April 19, 2012
South Africa's banking confidence has risen above its long-term average levels for the first time
in over three years, and the sector looks set for sustained earnings growth, according to a survey
by Ernst & Young.
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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
April 24, 2012 I Issue No. 94
Nigeria: CBN Tightens Supervision of Off-Shore Banks
This Day; April 19, 2012
Following complaints by regulators over the operations of subsidiaries of some Nigerian banks
operating outside the country, the Central Bank of Nigeria (CBN) Wednesday said it had taken
steps to enhance the supervision of the off-shore banks.
Nigeria: CBN to Introduce Macro-Prudential Risk Framework This Year
Leadership; April 19, 2012
The Central Bank of Nigeria (CBN) has concluded plans to introduce a new risk management
framework known as the macro-prudential risk framework for effective management of risk in
the financial sector, particularly in the banking industry, this year.
Kenya: Anglican Church Hosts Brand New Community 'Bank'
Anglican Communion News Service; April 18, 2012
March 30, 2012 was a day the residents of Kairi and its surrounding area had been waiting for. It
was the day they ceased to be termed as financially excluded.
Uganda pushes to liven up lonely bourse
Reuters Africa; April 18, 2012
The Uganda Securities Exchange aims to double its market value in the next five years and is
lobbying the government for tax incentives to encourage companies to list, its chief executive
said on Wednesday.
Kenya: Trans Nzoia Governor Aspirant Advises Women
The Star; April 17, 2012
Women in Trans Nzoia county have been urged to join Saccos to enable them save money in
order to access loans for business.
 Revue de Presse Francophone 
Le sukuk de la Banque Islamique du Sénégal reporté
Les Afriques; 23 avril 2012
La Banque Islamique du Sénégal sursoit à l’emprunt obligataire islamique (sukuk) sur le marché
sous régional d’un montant de 100 milliards FCFA. Prévue courant février 2012, l’opération,
première du genre au Sud du Sahara, arrangée par Citibank Dubaï et ICD, filiale des souscripteurs
internationaux du Golfe, a été reportée sine die.
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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
April 24, 2012 I Issue No. 94
Angola: Adaptation de lois sur les modèles internationaux d'assurances
Agência Angola Press; 21 avril 2012
La XXVIè réunion du Comité d'Assurances, Titres et Entités Financières non Bancaires de la SADC
(CISNA) a recommandé l'harmonisation des législations de chaque pays membre de la région en
fonction des modèles de l'Organisation Internationale des Commissions de Valeurs (Iosco), a
déclaré, vendredi, à Luanda, le vice-ministre du Plan, Job Graça.
Gabon: La BAD veut financer des projets des migrants africains
Gabonews; 21 avril 2012
La Banque africaine de développement (BAD) annonce l'ouverture d'un nouvel appel à
propositions du fonds Migration et développement (FMD) capable de financer jusqu'à 360 000
euros par projet, selon un communiqué de l'institution que s'est procuré Gabonews.
Ile Maurice: Semdex - Le marché boursier fait le yoyo, estime Cim Stockbrokers
Lexpress; 19 avril 2012
Le marché boursier semble vouloir reprendre des couleurs après une longue période de chute
depuis juillet 2011. Cette année, l'indice général, le Semdex, a démarré en janvier avec une
embellie atteignant son plus haut point de l'année le 6 janvier à 1 893,7 points.
Angola: Plus de 400 milliards de Kwanzas prélevés à l'aide de la carte bancaire en
2011
Agência Angola Press; 19 avril 2012
Quatre cent cinquante milliards (450) de kwanzas ont été prélevés dans tout le pays, en 2011,
moyennant la carte bancaire, a annoncé mercredi, à Luanda, l'administrateur de l'entreprise
Interbancaire des Services (EMIS), José Gualberto Matos. Selon lui, par rapport à 2010, l’année
passée, on a enregistré une augmentation de prélèvement estimé à 50 millions de kwanzas.
Cameroun: 250 milliards de francs CFA d'émission de titres publics prévus
News CN; 18 avril 2012
Mû par un objectif de croissance de 5,5% contre 4,1% en 2011, le gouvernement camerounais
projette de procéder à nouvelle émission de titres publics d'un montant de 250 milliards de
francs CFA (500 millions USD) après la récente de 50 milliards de francs (100 millions USD), pour
couvrir son besoin d'endettement intérieur, annonce mardi le ministre des Finances.
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-language press)
Olivier Vidal I Research Assistant I [email protected] (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]