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Escape route from poverty

When Barclays and Standard Chartered banks in Kenya recently announced they were going to raise charges and their minimum deposit rates - threatening to disenfranchise many thousands of account holders - the public outcry was astonishing. ...more


AFDB:
New vision for Africa's banker
After a troubled decade, the African Development Bank has launched a new vision which it hopes will return it to the centre of development financing on the continent. ...more


VIEW:
Changing policy starts to pay off
After years of financial liberalisation, restructuring and other reforms, the African banking sector is stronger, more competitive and more transparent, but it still has to consolidate through mergers, privatisation and liquidations. ...more


PROFILE:
CFA emerges unscathed
Despite widespread rumours that the CFA franc - the currency of 14 west and central African countries pegged to the French franc - would devalue during the changeover to the euro, the region weathered a short-lived flight of capital surprisingly well, and the currency remained intact. ...more


IVORY COAST:
Bad debts continue
Ivory Coast's banking sector has emerged from another difficult year, under continued pressure from bad debts in the cocoa sector. ...more


SOUTH AFRICA:
Trying to strike the right note
South Africa's big banks are still groping for new strategies that will appeal to their restive domestic customers without detracting from their standing in global markets. ...more


EAST AFRICA:
An arduous path forward
"Describe 1998?" Isaac Awuondo, managing director of the Commercial Bank of Africa and vice-president of the Kenya Bankers Association, leans back in his armchair with a wry smile. "From a banking point of view, it was a watershed year, in many respects." ...more
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