Press Digest

July 26, 2011 I Issue No. 55
Press Digest
 English-Language Press 
Egypt Two-Year Bond Beats Estimate
Bloomberg; July 26, 2011
Egypt’s success in selling two-year debt for the first time since February’s popular
revolt may encourage foreign investors to buy shorter-term securities ahead of
parliamentary elections in the fourth quarter.
Nigeria: CBN Harps On Capacity Building for Microfinance Banks
This Day; July 25, 2011
In order to ensure that Microfinance Banks (MFBs) remain relevant to the
development of the Nigerian economy, the Central Bank of Nigeria (CBN) has called
for continuous training of manpower in the sub-sector.
Nigeria: Credit Bureau to Curtail Banks' Lending Risks
Leadership; July 25, 2011
Experts have said that the recent move by banks to access information through
credit bureau before giving loans to their customers would reduce high risk
associated with lending.
Tanzania: Bank Begins to Implement Receipt Scheme
The Citizen (All Africa); July 24, 2011
The National Microfinance Bank (NMB PLC) has begun to implement a Warehouse
Receipt Finance Scheme (WHRF) for maize farmers in Handeni District, Tanga Region.
Africa: Governments Frustrated By Weak Farmer Credit Schemes
The East African; July 24, 2011
Though some African governments have invested significantly in agricultural credit
schemes, weak oversight roles and interest rate distortions undermine their
performance.
Weekly Press Digest
July 26, 2011 I Issue No. 55
Kenya: New Postbank Youth Account Planned
The Star; July 22, 2011
Street children are some of the customers targeted in a new product to be launched
by PostBank. The bank is preparing to offer a savings account for youth aged
between 12 and 18 in a bid to inculcate a saving culture.
Tanzania: New Women's Bank Gets Sh2 Billion Boost From State
The Citizen; July 21, 2011
The government will pump Sh2 billion into the Tanzania Women Bank (TWB) during
the 2011/12 fiscal year to enable more women to secure loans.
Nigeria: More Microfinance Banks Seek NAMB Membership
Champion; July 21, 2011
The National Association of Microfinance Banks (NAMB) has said that some of the
microfinance banks recently registered by the Central Bank of Nigeria (CBN) have
been applying for membership of the body in order to gain depositors confidence for
effective business transactions.
Africa: South Africa Focus On Untapped Insurance Market
Champion; July 21, 2011
Director of the South African Centre for Financial Regulation and Inclusion (CENFRI),
Anja Smith has said that insurance companies in most African markets have
traditionally targeted only the top 5 percent of the adult population.
Bank of Ghana Out With New Licensing Regime to Regulate Microfinance Industry
Microfinance Africa; July 21, 2011
The Bank of Ghana has issued new operating rules and guidelines to regulate
microfinance institutions in the country, in pursuance of the provisions of the Nonbank Financial Institutions Act.
Ethiopia: KfW Provides Micro Loans Through Berhan
Addis Fortune; July 20, 2011
Berhan International Bank (BIB) is the fourth commercial bank to sign an agreement
with KfW, the development bank of Germany, for the purposes of supporting microand-small size business enterprises.
Rwanda: Banks to Venture Into the Rural
The New Times; July 20, 2011
Loan shy banks are now willing to extend financial services to the rural unbanked
population after government pledged to guarantee the risk prone agricultural sector.
The government set up the agricultural guarantee fund to cover any productive
projects in the agricultural sector that would ideally not have necessary
requirements the banks would need to issue loans
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Weekly Press Digest
July 26, 2011 I Issue No. 55
Namibia: DBN Partners With Agribank
New Era; July 20, 2011
Small-scale farmers as well as small and medium enterprises with innovative ideas
on agribusinesses can now go knocking on the doors of the Development Bank of
Namibia (DBN) and the Agricultural Bank of Namibia (Agribank).
Nigeria: Sanusi Calls for Better Financial Regulation
Leadership; July 19, 2011
Governor of Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, has called for
effective collaboration among the D8 central bank governors in order to attain
international regulatory standards and practices in the banking industry within the
region.
 Revue de Presse Francophone 
Les sociétés d’assurance en Afrique réalisent un encaissement de 600 milliards FCFA
(FANAF)
Afrique Avenir; 25 juillet 2011
Les compagnies relevant de la zone de la Conférence interafricaine des marchés
d’assurances réalisent un encaissement de 600 milliards FCFA avec des placements
qui se chiffrent à « plusieurs milliards FCFA » a indiqué Protais Ayabgma Amang, le
président de la Fédération des sociétés d'assurances de droit national africain
(FANAF).
Algérie: La Compagnie centrale de réassurance reçoit un B+ pour sa solidité
financière
La Tribune; 24 juillet 2011
Le réassureur public algérien, la Compagnie centrale de réassurance (CCR), a reçu la
note encourageante de B+ (bonne) pour sa solidité financière par AM Best, leader
mondial des agences de notation dans le secteur des assurances. Cette agence
précise que cette «notation reflète un bon profil d'affaires au niveau national et une
bonne capitalisation des risques ainsi qu'une performance en termes de
souscriptions».
Ile Maurice: Un traitement de chèques plus rapide à la fin du mois d'août
Lexpress; 23 juillet 2011
Le « clearing » des chèques connait un développement majeur. Après l’Inde, le
Singapour et la Malaisie, c’est au tour de Maurice d’adopter la compensation par
imagerie chèque, plus connu comme la Cheque Truncation Project (CTP), pour un
traitement plus rapide des chèques.
L'UE contribue au lancement d'un fonds de microfinance en faveur des petits
producteurs pratiquant une agriculture durable en Afrique
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Weekly Press Digest
July 26, 2011 I Issue No. 55
French News CN; 23 juillet 2011
La Banque européenne d'investissement, l'institution de financement à long terme
de l'Union européenne (UE), conjointement avec l'Agence française de
développement et un consortium d'institutions de développement, d'investisseurs
sociaux et d'organismes de microfinance, ont lancé jeudi le Fonds européen de
financement solidaire pour l'Afrique (FEFISOL).
L’Africa Leasing Facility officiellement lancé jeudi au Mali
Afrique Avenir; 22 juillet 2011
L’Africa Leasing Facility, le mécanisme de financement alternatif conçu par la Société
Financière Internationale (SFI) pour appuyer et promouvoir le développement du
crédit-bail dans les pays d’Afrique subsaharienne, a été officiellement lancé jeudi au
Mali.
Ouganda: Pas de licence aux courtiers sans agrément
Les Afriqures; 22 juillet 2011
Benerd Obel, commissaire adjoint technique de la Commission de l'assurance
d'Ouganda, a déclaré que désormais il sera refusé aux sociétés de courtage
d'assurance sans certificat de compétence d'exercer. Les licences d'exploitation ou
agréments leur seront refusés.
Tunisie: Finances - Le besoin d'un cadre juridique pour la banque islamique
La Presse; 20 juillet 2011
La finance islamique connaît encore des débuts timides en Tunisie. Or, l'institution
du mode de financement islamique en Tunisie nécessite l'instauration d'un nouveau
cadre législatif concernant notamment la question de la fiscalité.
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 Officer I [email protected] (English-language press)
Olivier Vidal
I Research Assistant I [email protected] (French-language press)
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