African Banking |

Exclusive Interview: Abdulmajid Mussa Nsekela, Chief Executive Officer of CRDB Bank Tanzania

LAGOS (Capital Markets in Africa) – Abdulmajid Mussa Nsekela, Chief Executive Officer of CRDB Bank Tanzania grants an exclusive interview to Capital Markets in Africa. He shared with us the CRDB’s long-term strategic plans to maximize profitability and enhance shareholders’ value. As well, the CEO opines that the Tanzanian Banking sector remains vibrant and has great prospects for the obvious reasons that it is at the center of the rapid economic growth being witnessed. Thanks for…

INTO AFRICA June 2019 Edition – African Banking: Emerging Growth

Posted on by The Editorial Team

Welcome to the June 2019 edition of INTO AFRICA, a publication written by the professionals, for professionals, investors, policymakers … Advancing and providing fresh insight into Africa’s emerging markets through renowned thought leadership and peer-to-peer knowledge-sharing. The edition is titled: African Banking: Emerging Growth. African countries have made progress in strengthening their banking sectors and most have adopted several new regulations, such as the clarification of the definition of systemically important institutions in line with…

Exclusive Interview: Andrew Bainbridge, Group Chief Executive Officer, SBM Holding Limited Mauritius

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Andrew Bainbridge, Group Chief Executive Officer, SBM Holding Limited Mauritius grants an exclusive interview to Capital Markets in Africa. He shared with us his personal life experiences and leadership style as well as SBM Holding’s long-term strategic plans to maximize profitability and enhance shareholders’ value. The Group CEO viewed that the Mauritian banking sector is stable with a low unbanked rate and well regulated, and the sector is growing on…

Exclusive Interview: Joao Figueiredo, Chairman and CEO, MOZA Banco Mozambique

Posted on by The Editorial Team

Joao Figueiredo, Chairman, and Chief Executive Officer, MOZA Banco Mozambique grants an exclusive interview to Capital Markets in Africa. He shared with us his personal life experiences and leadership style as well as Moza Banco’s latest financial performance and the bank’s long-term strategic plans to maximize profitability. Mr. Joao opined that Mozambique’s banking sector will continue to face pressure on the margins of its operating activities as a result of tight credit growth and the low…

Barclays Ex-Chief Diamond Replaced in Atlas Mara Shakeup

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Bob Diamond, the financier who once ran Barclays Plc, is stepping down as executive chairman of his African banking venture as it reviews assets and seeks to exit some countries. He will be replaced by Michael Wilkerson, the chairman of Fairfax Africa Holdings Corp., which owns 49 percent of the firm, but will stay on as a non-executive director, Atlas Mara said in a statement on Wednesday. Diamond wants to “increase his…

Nigeria Softens Rules Shielding Banks From Wireless Rivals

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria is preparing rules that will allow wireless carriers to transfer cash, softening a previous policy that protected the turf of banks in Africa’s most populous country. The central bank may have realized it can’t rely on lenders alone to achieve its objective of extending services to the 50 million adults still without a bank account in the nation of about 200 million people. Telecommunications firms, including South Africa’s MTN…

Algeria’s banking sector is adequately capitalised and profitable

Posted on by The Editorial Team

ALGIERS (Capital Markets in Africa) – The International Monetary Fund indicated that Algeria’s banking sector is adequately capitalised and profitable. It noted that the capital adequacy ratio of banks operating in Algeria increased from 18.9% at the end of 2016 to 19.6% at end-2017, while their Tier-One capital ratio declined from 16.3% at end-2016 to 15.2% at end-2017 as a result of higher credit growth. It also pointed out that the banks’ return on assets was at 2% and their return…

1 2 3 4 »