The Editorial Team

FinTech Impact: Delivering Constructive Outcomes for Africa

Mobile money, payments innovation and the impact of blockchain are radically transforming the financial services landscape. This transformation is having a powerful impact across Africa where the acceleration of mobile phone penetration has already revolutionized the reach and eﬀectiveness of ﬁnancial services on the continent. Established banking and mobile phone companies, together with new challenges and FinTech disruptors, have tapped into this revolution to further boost FinTech in Africa as one of the most dynamic,…

How Trump’s victory creates mixed fortunes for Africa’s economies

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LAGOS (Capital Markets in Africa) – Donald Trump’s recent victory as US’ 45th president leading to concerns around US political risk and its implications for the world economy as well as protests and demonstrations across the United States however his unconventional rhetoric during his campaign trail caused concern to global currencies and capital markets and is likely to create mixed fortunes for African economies says an Economic Report by Ecobank . In the short term…

Barclays sells Egyptian Business to Morocco’s Attijariwafa Bank

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LONDON (Capital Markets in Africa) – Britain’s Barclays has completed the sale of its Egyptian business to Morocco’s Attijariwafa Bank as part of its shift towards focussing on the United States and Britain. The sale will mean a cut of about 2 billion pounds in Barclays’ risk-weighted assets, it said on Tuesday, boosting the bank’s core capital ratio by about 0.1 percent. Barclays did not give a price for the transaction, although sources previously told Reuters…

The Banking Bill: A State of Transition for the Kenyan Banking Sector

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NAIROBI (Capital Markets in Africa) – Banking (Amendment) Bill by Parliament to cap banks’ lending rates at 400 bps above the Central Bank of Kenya’s base rate and impose a deposit floor at 70% of the CBR was signed into law on 24th of August 2016. If the law is implemented immediately, banks will charge a maximum of 14.5% on loans while paying about 7.35% on deposits held in interesting earning deposits. Impact on Banks…

A Weak Macroeconomic Climate: A Clog in the Wheel of The Nigerian Banking Industry?

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LAGOS, Nigeria, Capital Markets in Africa: Over the last two years, the Nigerian economy has contended with severe pressures primarily on account of the plummeting price of crude oil. In addition to reducing federally collected revenue, the external reserves have also maintained a downward trajectory. The situation was further aggravated by a renewed militancy in the oil producing region, changes in political administration and the delays in the clear articulation of an economic direction by…

Emerging BASEL IV: An Opportunity For African Banks?

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Introduction LAGOS, Nigeria, Capital Markets in Africa: Whilst developed countries have been frantically adopting the string of new capital adequacy regulations released by the Basel Committee of Banking Supervision (“BCBS”), since the global financial crisis, the situation across the African continent has been very different. Apart from South Africa, which has been closely aligning with the BCBS developments, the picture on the rest of the continent is very mixed. Some countries on the continent still…

Currency Devaluation, Where Are the Opportunities?

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LAGOS, Nigeria, Capital Markets in Africa: Some African countries that are considered great investment opportunities have recently seen currency devaluations. Whilst this could be seen as a challenge for their economies, it could also create an opportunity for African manufacturers. Import substitution has been a significant part of Africa’s economic growth during the preceding decade, as seen, for example, by Nigerian based Dangote Group, currently manufacturing cement, sugar and flour. All of these items were…

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