The Kenya Banking Sector: Current Tends and Prospects

The Kenya Banking Sector: Current Tends and Prospects

LAGOS (Capital Markets in Africa) – Kenya’s banking sector has proven resilient over the last few years, continuing to deliver growth despite the tougher operating environment. The country has a total of 42 commercial banks, of which 11 are listed on the Nairobi Securities Exchange; with 1 mortgage finance company, 13 microfinance banks and 3 credit reference bureaus, all regulated by the Central Bank of Kenya. Financial inclusion continues to rise, reaching 75.3% in 2016…

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African Could Drive A Globally New Stock Exchange Model

African Could Drive A Globally New Stock Exchange Model

LAGOS (Capital Markets in Africa) – For decades, analysts and influencers have believed that Africa would emerge from its colonised past most powerfully by developing new business and economic models. The global economy had evolved in the West and could therefore not hope to accurately serve the needs of nations that had been bereft of wealth and self-determination for so long. Africa would need to leapfrog Western habits of thinking, creating new approaches to politics,…

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The Development of Capital Markets in Sub-Saharan African From an Insurance Perspective

The Development of Capital Markets in Sub-Saharan African From an Insurance Perspective

LAGOS (Capital Markets in Africa) – When we talk about growth in Africa and all its opportunities and challenges, we probably do not relate this to insurance. When I think back to my old days at school, insurance was something for risk-averse people and probably had little to contribute to growth and development. This article argues that the impact of insurance on growth is indeed significant, but that this impact could be even stronger if…

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Establish Operational Resilience in Financial Institutions

Establish Operational Resilience in Financial Institutions

LAGOS (Capital Markets in Africa) – Historically, financial institutions focussed on internal business resilience management (i.e. business continuity plans and testing thereof) and this was generally enough to ensure operational resilience. However, mass protest actions, terrorism, social and/or political unrest, ailing national infrastructure, interconnectedness of financial systems, increase in denial of service attacks and increasing use of and/or reliance on third parties to support key operations are forcing financial institutions to change the way in…

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Leveraging Digital Technology in African Financial Services

Leveraging Digital Technology in African Financial Services

LAGOS (Capital Markets in Africa) – Before technology was as accessible as it is today, cash and cards consisted the main ways to access finance on a mass scale. However today, in many of the African economies, most of the population still does not have the ability to open a bank account, due to the lack of the required source of revenue and the challenge with many Africans not having the necessary information to sign…

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Nigerian Oil and Gas Sector: Regulations and Incentives

Nigerian Oil and Gas Sector: Regulations and Incentives

LAGOS (Capital Markets in Africa) – Nigeria is currently facing significant challenges in its petroleum industry because of the volatility of oil prices1, pipeline vandalism and illegal refining. It is clear that the country must reduce its reliance on crude oil income by developing its midstream and downstream sectors and leveraging on its natural gas reserves. The existing petroleum regulatory framework however discourages investment in the sector and has proved to lack the requisite comprehensiveness…

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Mozambique Oil and Gas: Regulations and Opportunities

Mozambique Oil and Gas: Regulations and Opportunities

LAGOS (Capital Markets in Africa) – Mozambique has being recently placed among the global major players in the oil & gas sector. This new position is due to significant natural gas discoveries in the country’s northern Rovuma Basin. Despite having activity in the hydrocarbons sector for many decades, just in 2012 these massive offshore started to transform Mozambique’s reality. They added ambitious expectations to the country to become a key player in the LNG global…

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