Finance & Services

The Tanzania banking sector has seen an intensification in liquidity, an upsurge in deposits and loans and higher assets growth in 2011. In Tanzania’s financial market, the banking sector dominates with a 75% per cent share. Three banks control around 40% of Tanzania’s banking sector: Federal Bank o…

There is little doubt that the discovery of oil in Uganda has excited much interest in the country’s economy which has in turn largely impacted positively on “the pearl of Africa”. With the independence of neighbouring South Sudan and its vast reserves of oil, Uganda’s economy is expected to reap ha…

The London Stock Exchange (LSE) is one of the world’s most important financial centres. It also plays a crucial role in helping African companies raise finance. Ibukun Adebayo, head, primary markets – South Asia, Africa and the Middle East, talks to Alexa Dalby on the LSE’s connections with Africa a…

In Africa, all manner of financial transactions can be made through the humble mobile phone – it allows Kenyans to run the whole gamut of activities ranging from the payment of share dividends and utility bills to the purchase of air tickets for global carriers Kenya Airways, British Airways a…

While foreign tourists dream of visiting several Indian Ocean islands, the costs are often prohibitive. Now, a new concept will allow visitors to enjoy the attractions of many of the islands on a single trip and at reasonable cost. Tourism is one of the main economic pillars of two of Africa’s most …

On every working day, the banking halls are full and bustling with activity. The queues at the managers’ offices are also long. To secure an appointment with most bank managers requires patience. Not because of bureaucracy but because of the demand. “In the next 20 years, South Sudan will be a boomi…

Ethiopia is a paradise for a tourist who loves history or dramatic landscapes: it has some of the best of both in the world. The nurturing Rift Valley is one of the cradles from which early humans spread from Africa into the rest of the world. Ethiopia is one of the world’s oldest countries. Its [&h…

Before founding Zephyr, Tom Barry was President and CEO of Rockefeller & Co, the investment management arm of the Rockefeller family (1983–1993) and before that, he was employed by T Rowe Price Associates, Inc (1969–1982). Tom Barry, CEO and founder of Zephyr Management LP in New York, is one of…

In its first three years the Ethiopia Commodity Exchange has traded over 221,000t of goods, worth over $1bn – with a default rate of zero. What lessons does the ECX have for the region? MJ Morgan reports.

Four years after their first meeting, African Banker editor Anver Versi renews his acquaintance with one of the most dynamic bankers in Africa – Aigboje Aig-Imoukhuede, the chief executive of Nigeria’s Access Bank. These have been four dramatic and traumatic years for the industry in Nigeria. Only a…