DOCSLIB.ORG

Download.Php?Item=Dcpinvestor

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Download.Php?Item=Dcpinvestor Africa is growing through its cities. And every day, as people lock to urban centres in search of opportunity and change, the demand for housing grows. With an annual urbanisation rate of 3.5% over the past two decades, Africa’s cities are the fastest growing in the developing world. Currently, about 40% of the continent’s one billion people live in cities and towns; and it is estimated that in the next few years, some African cities will be home to as much as 85% of their country’s population. Dificult to contemplate in the abstract, these numbers have a very local feel. Africa’s cities are crowded and vibrant spaces. The residential opportunity is obvious. The observation is reinforced by the economic context. With higher peaks, and lower troughs, African markets offer a very real opportunity for global investors wanting more than traditional markets can offer. And this growth story is only just starting. Across the continent, new discoveries of oil, natural gas and minerals are promising to completely transform national balance sheets, giving policy makers a iscal conidence they only dreamed of before. This is giving rise to increasing investment in infrastructure – in transport routes and hubs, energy power stations, and telecommunications networks – which themselves stimulate all sorts of backwards and forwards linkages along the value chain. Policy makers and practitioners are working hard to expand the reach of Africa’s nascent mortgage markets. The potential opportunity in this market is signiicant and deserves increasing attention, both for the impact it will have on the housing futures of its residents, and also on economic growth prospects. Still, mortgage markets will only ever serve the minority. Investors will miss the market if they do not consider the realities of affordability across the continent and design their products accordingly. This is a clarion call to the sector: by focusing on the delivery and inancing of mortgageable housing, they are missing the bulk of the market. The opportunity lies further down the income pyramid, where the bulk of the population lives. The real challenge facing housing practitioners is building to the market. The demand for affordable housing is signiicant – all players acknowledge this – but the current average house price of about $31 000 doesn’t even begin to scratch the surface. At that price, not even a fraction of the opportunity will be realised. Investors, inanciers and developers must understand that the market is ripe for innovation that will respond to the needs and capacities of the majority. Governments are also ready for this change, and are clearly open to proposals that will address what seem like intractable problems when tackled alone. As innovation in other markets has demonstrated, it is the disruptive business model that will alter the terrain and create new opportunities for growth. In the housing sector, this is about engaging with the reality of affordability and delivering to the market. About this publication This is the fourth edition of the Housing Finance in Africa Yearbook. Since last year, we have added 5 country proiles and updated the existing 39, bringing the total to 40 country proiles and 4 regional proiles. We have sought out new data sources, and rethought our approach to the affordability triangles. We have been monitoring the news so that this Yearbook relects the mood and temperature of housing inance markets on the African continent in 2013. The Yearbook is intended to provide housing inance practitioners, investors, researchers and government oficials with a current update of practice and developments in housing inance in Africa, relecting the dynamic change and growth evident in the market. It is hoped that this Yearbook will also highlight the opportunities available for new initiatives, and help practitioners ind one another as they strive to participate in the sector. While the general aim of the Yearbook is to offer a broad overview of housing inance and housing development in Africa, special emphasis is placed on the key challenge of housing affordability and the critical need for housing products and inance that are explicitly targeted at the income proiles of the majority. This has been a desktop study. Using the CAHF’s research as baseline material, further information on more recent developments was accessed from media reports, journal articles and practitioner websites. In some cases, material was shared by local practitioners. Of course, the Yearbook is not comprehensive, neither in the scope of countries covered nor the data provided. It is intended as an introduction, with the hopes that the detail provided will whet the appetite for more. The CAHF invites readers to provide comment and share their experiences on what they are doing in housing inance in Africa. Kecia Rust Centre for Affordable Housing Finance in Africa September 2013 Contents Overview ............................................................................................................................................ 4 Explaining the indicators ............................................................................................................................................ 26 Country proiles ............................................................................................................................................ Algeria ............................................................................................................................................ 29 Angola ............................................................................................................................................ 33 Benin ............................................................................................................................................ 37 Botswana ............................................................................................................................................ 41 Burkina Faso ............................................................................................................................................ 45 Burundi ............................................................................................................................................ 49 Cameroon ............................................................................................................................................ 53 Central African Republic ............................................................................................................................................ 57 Cote D’Ivoire ............................................................................................................................................ 61 Democratic Republic of Congo ............................................................................................................................................ 65 Djibouti ............................................................................................................................................ 69 Egypt ............................................................................................................................................ 73 Ethiopia ............................................................................................................................................ 77 Gambia ............................................................................................................................................ 81 Ghana ............................................................................................................................................ 85 Kenya ............................................................................................................................................ 89 Lesotho ............................................................................................................................................ 93 Libya ............................................................................................................................................ 97 Madagascar ............................................................................................................................................ 101 Malawi ............................................................................................................................................ 105 Mali ............................................................................................................................................ 109 Mauritius ............................................................................................................................................ 113 Morocco ............................................................................................................................................ 117 Mozambique ............................................................................................................................................ 121 Namibia ............................................................................................................................................ 125 Niger ............................................................................................................................................ 129 Nigeria ............................................................................................................................................ 133 Rwanda ...........................................................................................................................................
Load more

Recommended publications
  • 2578CK Ram KCB Infomation Memorandum Insides.Indd
    KCB Rights Issue July - 2010 Information Memorandum _____________________________________________________________________________ KENYA COMMERCIAL BANK (Registration Number C.9/88.) _____________________________________________________________________________ INFORMATION MEMORANDUM _____________________________________________________________________________ RIGHTS ISSUE OF 887,111,110 NEW ORDINARY SHARES AT AN OFFER PRICE OF K.SHS. 17/- IN THE RATIO OF TWO (2) NEW ORDINARY SHARES FOR EVERY FIVE (5) ORDINARY SHARES HELD ___________________________________________________________________________ Kenya Commercial Bank Limited (“KCB” or the “Bank” or the “Group or the “Company” or “Issuer”) KCB was incorporated on 12th November 1970 pursuant to the Companies Act Chapter 486 of the Laws of Kenya and is registered under Registration Number C.9/88. INFORMATION MEMORANDUM IN RESPECT OF RIGHTS ISSUE OF 887,111,110 NEW ORDINARY SHARES AT AN OFFER PRICE OF KENYA SHILLINGS 17/- IN THE RATIO OF TWO (2) NEW ORDINARY SHARES FOR EVERY FIVE (5) ORDINARY SHARES HELD The date of this Information Memorandum is 2 June 2010 This report contains 116 pages Appendices comprise 5 pages The offer opens on 1 July 2010 and closes on 23 July 2010 1 KCB Rights Issue July - 2010 Information Memorandum Joint Lead Transaction Advisors KPMG Kenya & Standard Investment Bank Limited Lead Sponsoring Stockbroker Standard Investment Bank Limited Reporting Accountants Ernst & Young Legal Advisors Oraro & Company Advocates Public Relations Gina Din Corporate Communications Advertising Agent Nuturn Limited Media Agency Media Initiative of East Africa 2 KCB Rights Issue July - 2010 Information Memorandum VISION To be the prefered Financial Solutions provider in Africa with Global Reach. MISSION To consistently deliver quality fi nancial products and services in the interest of all our stakeholders, through best business practice in the dynamic markets in which we operate.
    [Show full text]
  • DAVID NTONGAI.Pdf
    ORGANIZATION CULTURE, STRATEGY OPERATIONALISATION AND PERFORMANCE OF COMMERCIAL BANKS IN KENYA DAVID NTONGAI A THESIS SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE CONFERMENT OF THE DOCTOR OF PHILOSOPHY DEGREE IN BUSINESS ADMINISTRATION AND MANAGEMENT (STRATEGIC MANAGEMENT) OF KENYA METHODIST UNIVERSITY OCTOBER 2020 I DECLARATION This Thesis is my original work and has not been presented for a degree in any other university. Signature………………………… Date …………………………… David Ntongai BUS-4-0188-1-2015 This Thesis has been submitted for examination with our approval as University Supervisors: Signature……………………….… Date……………………… Prof. (Eng.) Thomas A. Senaji (PhD) School of Business and Economics Kenya Methodist University Signature……………………….… Date……………………… Prof. George K. King’oriah, PhD., MBS University of Nairobi ii DEDICATION To my mother for instilling in me virtues of hard work, responsibility, discipline, passion and aspirations for greater things in life and for making me who I am, your prayers and wise counsel will forever be treasured. To my wife, your encouragement and patience during the long and many hours of absence cannot be taken for granted. iii ACKNOWLEDGEMENTS I sincerely salute my University supervisors Prof. (Eng.) Thomas A. Senaji and Prof. George K. King’oriah for their effective guidance and continuous availability for consultation. To all other lecturers in KEMU who guided me throughout my course work, I thank you. Special thanks to all members of my family, whose financial support and moral encouragement made this study possible; thank you for being there for me. All my friends and colleagues I acknowledge you, for the encouragement. I sincerely appreciate and acknowledge all my respondents in this research who took their valuable time to respond.
    [Show full text]
  • INVESTORS GUIDE South Sudan Investment Forum
    SOUTH SUDAN INVESTORS GUIDE South Sudan Investment Forum Washington, D.C. April 17, 2013 Acknowledgements Republic of South Sudan This conference is made possible through the: In partnership with support of the Government of South Sudan; ongoing collaboration with the South Sudan Investment Authority; knowledge and expertise of IFC; and the generous sponsorship of USAID. Republic of South Sudan (RSS) Minister of Commerce, Industry, and Investment Welcome Message of the Minister of Commerce, Industry and Investment of the Republic of South Sudan For the past two years since our country’s independence, we have been striving to rebuild our Nation. We have made important advances in key aspects such as passing relevant legislation, developing our institutions and signing agreements with our neighbors and the world. The first and foremost objective of the Government of South Sudan is to develop those sectors which will provide food security and make the best rational use of our country’s vast natural resources. Abundant land and water and massive unmet local and regional demand for goods and services creates opportunities in all areas of agriculture, forestry and fisheries as well as in a wide range of crops such as cereals, oilseeds, sugar, horticulture, floriculture, coffee, tea and many other specialty crops. Most of South Sudan’s significant mineral wealth is as yet untapped. The country holds tremendous potential as evidenced by the existing production in South Sudan as well as recent oil finds in neighboring Uganda and Kenya. There are also opportunities in infrastructure such as oil pipelines and downstream projects such as refineries.
    [Show full text]
  • Access to Finance Report
    Financial sector – Cameroon Final version- November 2012 In this annex you will find a full report on the Financial Sector of Cameroon resulting from our FSAS desk study. The report describes the level of Access to Finance in Cameroon and lists all banks active in Cameroon at the time. Through a desk- and internet study we have researched the services offered by each bank and which potentially could be useful for the Forestry Sector in Cameroon. Also through desk- and internet study we have researched the major Micro Finance Institutions of Cameroon and their suitability for servicing the Forestry Sector. This report also offers a full description of the identified Banks and Micro Finance Institutions. The report also lists those banks and MFI’s, which to our opinion, could potentially be the most interesting to approach for providing their services to the Forestry Sector. 1. Access to Finance in Cameroon According to the IMF (report 2009), the financial intermediation in Cameroon is among the lowest in Sub- Saharan Africa, with less than 5% of the population having access to banking services. The micro finance sector is becoming increasingly important but its supervision needs to be strengthened. 68.02% of firms identify access to and cost of finance as a major constraint1 in Cameroon. The Doing Business 2012 ranking of the World Bank, places Cameroon on rank 98 (out of 183), regarding Access to Credit in 2012. This while the ranking in 2011 was still significantly lower, namely 139. Improvements over the last year have been: an increase in strength of legal rights and increase of coverage of public registry.
    [Show full text]
  • Perspectives on the Political Economy of South Sudan
    THE AFRICAN DEVELOPMENT BANK The Political Economy of South Sudan A Scoping Analytical Study This study has been finalised by Dr. El Wathig Kameir, Consultant Political Analyst. ABBREVIATIONS AND ACRONYMS ABC Abyei Borders Commission AfDB African Development Bank AEC Assessment and Evaluation Commission AG Auditor General ASSPC All Southern Sudanese Party Conference AU African Union AUHIP African Union High Level Implementation Panel on Sudan AUPSC African Union Peace and Security Council BOSS Bank of Southern Sudan BSF Basic Services Fund BSWG Budget Sector Working Group CANS SPLM Civil Authority of the New Sudan CBS Central Bank of Sudan CBTF Capacity Building Trust Fund COMESA Common Market for East and Southern Africa CPA Comprehensive Peace Agreement CPPB Conflict Prevention and Peace-building CRC Constitutional Review Committee CRS Catholic Relief Services CSOs Civil Society Organization DDR Disarmament, Demobilization and Reintegration DESTIN Development Studies Institute of London School of Economics DFID Department for International Development DOP Declaration of Principles EITI Extractive Industries Transparency Initiative EU European Union GFSS Governors’ Forum of South Sudan GoNU Government of National Unity GoS Government of Sudan (pre-CPA) GoSS Government of Southern Sudan IGAD Inter-Governmental Authority for Development INC Interim National Constitution iPRSP interim Poverty Reduction Strategy Paper JDT Joint Donor Team JIUs Joint Integrated Unit JPSM Joint Political and Security Mechanism LGA Local Government Act LRA
    [Show full text]
  • Environmental Determinism and Strategic Choice Among Selected
    ENVIRONMENTAL DETERMINISM AND STRATEGIC CHOICE AMONG SELECTED COMMERCIAL BANKS IN SOUTH SUDAN BY: AHMED SHEIKH TAKOY A RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION, SCHOOL OF BUSINESS, UNIVERSITY OF NAIROBI DECEMBER, 2018 DECLARATION I declare that this is my original work and has not been submitted to any other academic institutions apart The University of Nairobi in Kenya for academic credit. Signed…………… Date……………………. AHMED SHEIKH TAKOY REG. NO: D61/P/8560/2005 This project has been presented for examination with my approval as the University of Nairobi Supervisor. Signed…………… Date……………………. DR. VINCENT N MACHUKI Department of Management, School of Business, The University of Nairobi. ii ACKNOWLEDGMENT I thank the Almighty God for the ability and opportunity to undertake this course. This project is undertaken when rapid external disruptive factors are affecting enterprises plans globally more than ever. The disruptive varied from technology, emerging government policies, international politics and trade, conflicts and renewed global financial compliance and standards. These have put to test and challenged the rational and systematic organization management. I profoundly thank all those who supported one way or another to complete this research project, most notably the Managing Directors of selected Commercial Banks who found time for interviews. I am indebted to my supervisor, Dr. Vincent Machuki who immensely shaped the research ideas at conceptualization and continuously provided an intellectual interactive debates and guidance at every stage of the project. Finally, i would like to register my special appreciation to my wife Quresha Maalim Ali and my lovely Children for the constant encouragement and every support.
    [Show full text]
  • EAC Financial Inclusion Stakeholder Mapping
    EAC Financial Inclusion Stakeholder Mapping REPORT JANUARY - 2020 Supported by the: 1 Acknowledgements This report was produced by FinTechStage and Canela Consulting (our research partners). Contributors included Dr. Erin Taylor, Dr. Whitney Easton and Luis Carlos Serna Prati. Ariadne Plaitakis contributed material on regulation. Data analysis was carried out by Mariela Atannasova and Gawain Lynch. Infographics were produced by Ana Subtil, Mariela Atanassova and Whitney Easton. We would like to thank the Bill and Melinda Gates Foundation for their active support of the programme and the broad access to research material on Financial Inclusion. Lazaro Campos Co-Founder, FinTechStage January 2020 2 EAC FINANCIAL INCLUSION STAKEHOLDER MAPPING - REPORT EXECUTIVE SUMMARY The East African Community (EAC), a regional economic community, is often presented as a model of financial inclusion in Africa. Over the past few years, we have seen tremendous improvement across the region, but much remains to be done. The purpose of this body of work is to understand the state of financial inclusion across the EAC and identify how to advance. The first step is to map the financial inclusion landscape to identify stakeholders, gaps, and areas for intervention. We carried out data collection and network mapping for all six EAC Member States. In this report we identify: • All stakeholders who are working on financial inclusion issues in the EAC, including the financial sector, mobile network operators (MNOs), mobile money operators (MMOs), microfinance institutions
    [Show full text]
  • Capital Financial Holdings S.A. (CFH), the Premier Financial Holding Company in Central Africa, Creates a Managing Direction with Support from MEGA
    MEGA Success Story CFH Capital Financial Holdings S.A. (CFH), the premier financial holding company in Central Africa, creates a Managing Direction with support from MEGA. About Capital Financial The Commercial Bank Group, which has existed Holdings S.A. for approximately 10 years, includes three banking The group controlled by Capital subsidiaries: Commercial Bank Cameroon (CBC), Financial Holdings Luxembourg Commercial Bank Centrafrique (CBCA) and Commercial SA (CFH) comprises Commercial Bank Chad (CBT). CFH was founded in 2005 as the Bank–Cameroon (CBC), controlling entity of these banks, and delivers technical Commercial Bank–Chad (CBT) and Commercial Bank– support services to these three as well as to the Commercial Centrafrique (CBCA), three Bank Sao Tome e Principe (COBSTP). With the help of MEGA subsidiaries of the Commercial consultants, CFH began a new initiative in 2009 to radically Bank Group. They were set up streamline its organization and optimize operational or taken over in 1997, 1999 and 2001 respectively to underpin performance. the economic development of Central Africa by providing high- quality banking and financial services tailored towards the Background needs and expectations of CFH, which is headquartered in Luxembourg, has a Cameroon both business and residential subsidiary – CFH Cameroon – that has proven to be a valuable customers. service center. By leveraging a centralized organization, it has The three subsidiaries currently been key in improving and strengthening the group’s business have 15 branches in the main economic centers: nine for CBC, units and other financial holdings. CFH Cameroon called upon three for CBT and three for MEGA to help establish their Managing Direction.
    [Show full text]
  • Central African Economic and Monetary Community
    © 2012 International Monetary Fund August 2012 IMF Country Report No. 12/244 Central African Economic and Monetary Community: Staff Report on Common Policies of Member Countries; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Central African Economic and Monetary Community In the context of the 2012 Article IV consultations with the countries forming the Central African Economic and Monetary Community (CEMAC), the following documents have been released and are included in this package: The staff report on Common Policies of Member Countries of the CEMAC, prepared by a staff team of the IMF, following discussions that ended on March 29, 2012, with the officials of the CEMAC on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on June 1, 2012. The views expressed in the staff report are those of the staff team and do not necessarily reflect the views of the Executive Board of the IMF. A Public Information Notice (PIN) summarizing the views of the Executive Board as expressed during its June 18, 2012 discussion of the staff report. A statement by the Executive Director on the common policies of member countries in the CEMAC. The policy of publication of staff reports and other documents allows for the deletion of market-sensitive information. Copies of this report are available to the public from International Monetary Fund Publication Services 700 19th Street, N.W. Washington, D.C. 20431 Telephone: (202) 623-7430 Telefax: (202) 623-7201 E-mail: [email protected] Internet: http://www.imf.org International Monetary Fund Washington, D.C.
    [Show full text]
  • Registration Document Registration Registration 2017 2017
    DOCUMENT 2 017 REGISTRATION DOCUMENT REGISTRATION REGISTRATION 2017 2017 WorldInCommon METHODOLOGY AND GLOSSARY 2 8 PERSONS RESPONSIBLE FOR THE REGISTRATION DOCUMENT AND THE AUDIT OF THE FINANCIAL STATEMENTS 161 PRESENTATION OF AFD 3 1 8.1. Name and position 162 1.1 General information 4 8.2. Certifi cation of the person responsible 162 1.2 AFD operations 5 8.3. Name, address and qualifi cation of the 1.3 Financing activities on its own behalf 7 fi nancial statements’ statutory auditors 162 1.4 AFD Group 10 8.4. Information policy 162 1.5 Activities of agence française debdeveloppement group in 2017 13 9 ADDITIONAL INFORMATION 163 9.1 Management report cross-reference table 164 CORPORATE SOCIAL RESPONSIBILITY 25 2 9.2 Incorporated by reference 164 2.1 Employee information 29 9.3 Cross-reference table of the Registration 2.2 Environment 36 Document 165 2.3 Information on commitments to promote 9.4 Cross-reference table between the CRR sustainable development 44 articles andbthebPILLARbIII report tables 167 2.4 Report from one of the statutory auditors, 9.5 Appendixb1 – AFD’s operating scope 169 as a designated independent third party, on the inclusion of consolidated corporate, 9.6 Appendixb2 –bAFD Balance sheet using environmental and social data in the French standards (simplifi ed) 172 management report 49 9.7 Appendixb3 –bAFD Income statement using French standards (simplifi ed) 173 9.8 Appendixb4 –bKey ratios and indicators 174 3 CORPORATE GOVERNANCE 51 9.9 Appendixb5 –bResults of operating activities 3.1 Report on corporate governance
    [Show full text]
  • Annual Report 2014 of Atlas Mara Limited a N N U a L R E P O Rt 2 01 4
    Annual Report of 2014 Atlas Mara Limited Reshaping African banking. Annual Report 2014 of Atlas Mara Limited Contents Overview Overview 01 About Atlas Mara 02 What will help us succeed? Why Africa? Africa? Why 18 What is our vision? 20 Africa in numbers Our 22 Too big to ignore 24 The rise and rise of cities 24 Governance and the rule of law 26 Trade and investment 28 Natural resources 30 Technology 32 The Atlas Mara opportunity success Strategy Strategy 34 Chairman’s letter 38 Chief Executive Officer’s letter 40 Business model 42 Strategy and key performance indicators 46 Relationships and responsibilities 50 Principal risks Performance Performance 54 Chief Financial Officer’s review is linked of financial performance Governance 62 Chairman’s introduction to corporate governance 64 Board of Directors Governance 66 Board of Directors biographies 68 Corporate Governance Report 77 Directors’ Remuneration Report 86 Directors’ Report to Africa’s 89 Independent Auditor’s Report Financial statements 92 Consolidated statement of financial position statements Financial 93 Consolidated statement of loss 93 Consolidated statement of other comprehensive income 94 Consolidated statement of changes success. in equity 96 Consolidated statement of cash flows 97 Organisation and significant accounting policies 101 Notes to the financial statements Atlas Mara Limited (“Atlas Mara” or “the Company” and, together Atlas Mara’s strategy is to create sub-Saharan Africa’s premier information Additional with its subsidiaries, “the Group”) is a rapidly growing sub-Saharan financial institution. We recognise that this is an audacious goal. Additional information African (or “SSA”) financial services group listed on the London We intend to achieve this by: 172 Share price information 173 Simplified company structure Stock Exchange.
    [Show full text]
  • The Effects of Financial Innovation on the Financial Performance of Commercial Banks in South Sudan
    THE EFFECTS OF FINANCIAL INNOVATION ON THE FINANCIAL PERFORMANCE OF COMMERCIAL BANKS IN SOUTH SUDAN BY: MAKUR PETER MALAK D61/61103/2013 A RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS OF THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION, SCHOOL OF BUSINESS, THE UNIVERSITY OF NAIROBI 2014 DECLARATION I declare this project is my original work and has never been presented for a degree in any University or Higher Institution of learning for any academic accreditation Signed....................................... Date.............................................. Makur Peter Malak D61/61103/2013 This research project is presented for approval as university supervisor Signed....................................... Date........................................... MIRIE MWANGI Supervisor ii ACKNOWLEDGEMENTS I would like to acknowledge the effort of my supervisor, Mirie Mwangi. I am particularly grateful for his steadfast support, patience, constructive criticism and professional guidance. I wish also to express my sincere appreciation to my family, friends and well wishers for their understanding and support during the project and MBA program as a whole. And most importantly I dedicate this work to the Almighty God for granting me peace, good health and a sound mind. iii DEDICATION I dedicate this project to the almighty God for the blessings he has accorded to me and also to my lovely family. iv TABLE OF CONTENTS Page DECLARATION ......................................................................................................................
    [Show full text]