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Press Digest
July 10, 2012 I Issue No. 105 Press Digest English-Language Press Mauritius bourse targets miners, African issuers Reuters Africa; July 9, 2012 The Stock Exchange of Mauritius expects at least 10 new listings in the next year, its chief executive said on Monday, after rejigging listing requirements to attract more companies and funds looking to invest in Africa. Africa: Crisis in Europe to Cost Africa US$238bn Ghana Chronicle; July 9, 2012 Economies across Africa including Ghana and the developing world risk a decline in exports, investment, remittances and aid as a result of the continued crisis affecting Europe, according to experts at the Overseas Development Institute (ODI), a leading UK-based think-tank. Liberia: FIBank Launches Dual Transfer Services The new dawn; July 9, 2012 The First International Bank Liberia Limited has begun simultaneously providing Western Union and MoneyGram Money Transfer Services at all of its branch locations in Liberia. Nigeria: CBN Moves Against Excessive Bank Charges Leadership (All Africa); July 8, 2012 A new Central Bank of Nigeria (CBN) guidelines has prescribed of three per cent per annum as minimum interest rate on savings accounts, while interest on current account balances are to attract 0.5 per cent per annum. Ghana: We Didn’t Direct Banks to Charge on FCAs – BoG Ghana Chronicle; July 7, 2012 The Bank of Ghana has conceded that its latest policy measures have resulted in commercial banks imposing charges on Foreign Currency Accounts (FCAs). South African Banks Seen Avoiding ABSA's Bad Debt Woes Reuters Africa; July 6, 2012 South Africa's big lenders such as Standard Bank are unlikely to be hit by the spike in bad debts that has plagued rival Absa Group, thanks to their more prudent loan provisions. 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 10, 2012 I Issue No. 105 Automated Trading of Tanzanian Debt Seen Boosting Liquidity Reuters Africa; July 6, 2012 Tanzania's central bank bank will begin automated trading of government securities next month and plans to set up a central depository system to improve efficiency and boost market liquidity. South Africa: SADC Insurance Forum launched Zimbabwe Independent; July 5, 2012 A Sadc Insurance Forum (SIF) has been launched to help create regional insurance institutions that stand on par with those in developed countries. Mauritius asks lenders to play ball on loan refinancing Reuters Africa; July 5, 2012 Mauritius' central bank chief on Wednesday urged the island's commercial banks to help exporters refinance their loans at a favourable rate through a credit line worth 600 million euros. Nigeria: Health Insurance Should Be Made Mandatory Daily Trust; July 4, 2012 The Federal Government needs to make a policy that will make health insurance mandatory for all Nigerians as an attempt to improve its health indices. Tanzania: Ministry to Submit New Student Loans System Tanzania Daily News (All Africa); July 4, 2012 The Ministry of Education and Vocational Training will soon submit before the National Assembly a new system of identifying students who qualify for loans from Higher Education Students' Loans Board (HESLB). Sudan sells $160 million worth of sukuk Reuters Africa; July 4, 2012 Sudan's latest issue of Islamic "sukuk" bonds was fully subscribed and raised the Sudanese pound equivalent of about $160 million, and two more such issues are planned this year to help make up for the loss of oil revenue, a debt official said. South Africa poised to launch debut Islamic bond Reuters Africa; July 4, 2012 South Africa is preparing to launch sub-Saharan Africa's first Islamic bond, paving the way for issues by other countries in the region, officials said on Wednesday. 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 July 10, 2012 I Issue No. 105 Tanzania: Demand for Long-Term Bonds Up Daily News; July 4, 2012 Demand for long-term bonds has gone up in the last two months, principal economist at the Bank of Tanzania Directorate of Financial Markets, Mr Genes Dos Kimaro, has said. Kenya: Bank of China to Open New Office in Nairobi The star (allafrica); July 4, 2012 The Central Bank of Kenya has authorized the Bank of China to open a representative office in Kenya, its first in East Africa, to manage its regional products and services. Tanzania: Agriculture Bank to Boost Farming Daily News; July 3, 2012 The financial sector is an essential player in agriculture development, playing a facilitating role of bolstering the necessary capital for farming activities like storage, processing, packaging, transport, insurance and marketing of the produce. Tanzania: Financial Expert Touts Municipal Bonds Daily News; July 2, 2012 Local authorities have the ability to issue bonds of up to 10bn/- and reduce dependence on the central government to finance development projects. Revue de Presse Francophone Algérie: Le CNA met en place un dispositif d’assurance des calamités agricoles La Tribune; 8 Juillet 2012 Un projet de loi portant sur la mise en place d'un dispositif d'assurance des calamités agricoles pour mieux préserver l'activité agricole a été présenté au ministère des Finances en vue de son adoption. Selon le Conseil national des assurances (CNA), cité hier par l'APS, en décembre 2010, la mouture de ce dispositif global a été examinée par la commission juridique du Conseil, puis par l'AG qui l'a adopté. Maroc: Crédit à la consommation - Un marché en expansion malgré une conjoncture Libération ; 6 Juillet 2012 Le crédit à la consommation au Maroc a marqué une résilience face à une conjoncture économique difficile, en maintenant une dynamique de croissance soutenue, épaulée 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 July 10, 2012 I Issue No. 105 notamment par le changement des habitudes des ménages et le développement du secteur banquier. Burkina Faso: Les administrateurs se concertent à Ouagadougou Sidwaya ; 4 Juillet 2012 L’Institut international des assurances (IIA) de Yaoudé (Cameroun) a tenu sa 60ème session ordinaire du conseil d’administration, le mercredi 4 juillet 2012 à Ouagadougou .Il s’est agi d’examiner les questions financières, administratives et pédagogiques de l’institut. Tunisie: Le rééchelonnement est-il la bonne solution ? La Presse; 5 Juillet 2012 S’il est proscrit dans la finance islamique, le taux d’intérêt constitue un vrai instrument financier important non seulement pour les institutions financières en Tunisie et de par le monde mais aussi pour les commerces qui vendent à crédit. Afrique Australe: La monnaie unique en Afrique australe dépend d'une intégration fiscale Angola Press ; 5 Juillet 2012 L'entrée en vigueur d'une monnaie unique dans la Communauté de Développement de l'Afrique Australe (SADC) dépend principalement d'une intégration fiscale, de la stabilité politique solide et de la sécurité dans les frontières de la région, a déclaré mercredi, à Luanda, le secrétaire exécutif adjoint pour l'intégration du bloc économique régional, João Caholo. Cameroun: Le crédit scolaire bientôt accessible dans les banques Cameroun Tribune; 04 Juillet 2012 Les préparatifs sont en cours dans ces institutions financières pour le lancement de ce produit. RDC : la Banque centrale met en circulation les nouvelles coupures de franc congolais Radio Okapi (Kinshasa); 2 Juillet 2012 La Banque centrale du Congo (BCC) met en circulation ce lundi 2 juillet les nouveaux billets de 1 000 FC, 5 000 FC et 10 000 FC (francs congolais) équivalant à 8 milliards de francs congolais. 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] Akoua Kouakou I Intern I [email protected] 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]
