DOCSLIB.ORG

Africa As New Destination for Trade Finance And

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Africa As New Destination for Trade Finance And Africa, a continent with high potential Africa a new trade and investments destination Doha, December 2013 SOMMAIRE I. Africa, a land of opportunity 1. Demography 2. A young population and urbanization 3. Improvement of the life conditions 4. Acceleration of the economic growth 5. Trade flows 6. Infrastructure investment II. Attijariwafa Bank 1. Strategy and footprint STRONG DEMOGRAPHIC GROWTH, POPULATION TO REPRESENT MORE THAN 20% OF WORLD POPULATION BY 2050 Strong demographic growth Population to represent more than 20% of World population by 2050 Population (millions) 3,0% 2000 2005 2010 2015f Source: IMF, WB, UN GREAT GROWTH POTENTIAL: YOUNG POPULATION AND URBAN DEVELOPMENT Strong urban population growth 2010 40 Urbain 60 Rural 2015f Urbain 52 48 Rural LIVING STANDARD IMPROVEMENT AND MIDDLE CLASS EXPANSION GDP per capita Life expectancy PPP, US$ In years 3 060 57.2 x3 +7 1 900 53.2 1 016 49.9 1980 2000 2010 1980 2000 2010 Poverty (Subsaharan Africa) Literacy rate (Subsaharan Africa) % of population with less than 1.25 US$/day % of population older than 15 -4pts X2,7 62.6% 58.0% 57.4% 51.5% 47.5% 23.0% 1981 1999 2008 1970 2000 2010 SOURCE: World Bank STRONG GROWTH PERFORMANCE IN AFRICA SINCE 2000… Acceleration of growth in Africa during the last decade… … The second highest growth region worldwide Annual average GDP growth, 2000-2010 GDP (USD Bn) CAGR (%) 4,0 Emerging 8.6 Asia 6,0 Africa 5.1 * 4,6 Middle 2,3 4.5 East 1,9 Central 3.7 Europe Latin 3.1 America World 2.8 Develope 1.5 d … 6% at Dec. 2012 Source: Global Insight ; McKinsey Global analysis Source: McKinsey 6 … GROWTH PERFORMANCE AND INFLATION IN AFRICA GDP growth in % x% Average growth of GDP 5,2% • Strong economic growth, even past the 2008 global crisis Inflation (%) 6,2% • Inflation under control, slightly trending lower for the past 5 years Source: BAD EVOLUTION OF AFRICAN TRADE WITH THE REST OF THE WORLD • Strong growth: averaged 16% in the 2005-2011 period •Still represents less than 5% of total world trade Average annual growth Source: BAD INFRASTRUCTURE INVESTMENTS IN SUBSAHARAN AFRICA 2005-2011 ZOOM: UEMOA, CEMAC UEMOA CEMAC Country Telecom Energy Transport Total in G$ US Volume #Projects Volume #Projects Volume #Projects Volume #Projects •Mali 460 1 (-) (-) (-) (-) 460 1 •Senegal 260 1 115 3 398 2 773 6 •Ivoiry Cost 74 1 11 2 (-) (-) 85 3 •Guinea Bissau 50 2 (-) (-) (-) (-) 50 2 •Burkina Faso 573 1 (-) (-) (-) (-) 573 1 •Benin 69 1 590 1 489 1 1 148 3 •Niger 166 1 (-) (-) (-) (-) 166 1 •Togo (-) (-) 780 2 572 2 1 352 4 •Centrafrique 42 1 (-) (-) (-) (-) 42 1 •Cameroun (-) (-) 468 1 (-) (-) 468 1 • Gabon (-) (-) 143 1 92 1 235 2 • Congo (-) (-) (-) (-) 735 2 735 2 • Guinea Equatorial 322 1 (-) (-) 159 1 481 1 • Tchad (-) (-) (-) (-) 422 1 422 1 Source : World bank Σ= 2016 Σ = 10 Σ=2 107 Σ = 10 Σ=2 867 Σ = 10 Σ=6 610 Σ= 30 6 INCREASINGLY STABLE POLITICAL ENVIRONMENT SINCE 2000 Main political conflicts during the 90’s Main political conflicts since 2000 Arab spring, late 2011- early 2012, on- going political transition AWB’s African footprint (excluding Morocco) • Fewer areas of political conflicts • Several free and peaceful polls organized during the 2000’s • Many forums for sub-regional dialogue set up in order to foster intra-African cooperation and conflict management (ex: African Union, ECOWAS..) 10 SIGNIFICANT PROGRESS IN « DOING BUSINESS » RANKINGS Rank Doing Business Evolution Countries Case study : Morocco and Rwanda 2013 2007 - 2013 1 • Mauritius • 19th • +13 Rwanda Morocco 2 • South Africa • 39th • -10 • Companies act helped • Simplification of construction simplify new company licensing process 3 • Tunisia • 50th • +30 incorporation (2 procedures • Reinforcement of minority and 3 days in order to start a shareholders’ protection and 4 • Rwanda • 52th • +106 company) and strengthen improvement of mandatory protection of minority disclosure for listed 5 • Botswana • 59th • -11 shareholders companies • Laws facilitating access to • Suppression of capital 6 • Ghana • 64th • +30 credit minimum requirement for • Simplification of limited liability companies’ 7 • Namibia • 87th • +45 crossborders trade: (SARL) creation extension of border • Leaner procedures for new 8 • Zambia • 94th • +8 checkpoint opening hours company incorporation (one- and simplification of stop shop) 9 • Morocco • 97th • + 18 paperwork • Simplification of construction 10 • Egypt • 109th • +56 licensing process Source : «Doing Business» reports • According to « Doing Business 2013 » published by the World Bank, out of the top 50 improvements in "doing business“ between 2005 and 2012, 17 are sub-saharan African countries (34% vs. a normal share of 25%) : Rwanda, Burkina Faso, Mali, Sierra Leone, Ghana, Burundi, Republic of Guinea-Bissau, Senegal, Angola, Mauritius, Madagascar, Republic of Mozambique, Ivory Coast, Togo, Sao Tome and Principe, Niger and Nigeria. 11 INITIATIVES FOR SUB-REGIONAL INTEGRATION HAVE ENABLED COORDINATION OF POLITICAL AND MONETARY POLICIES Communities Members Description 1 8 countries : - Created in 1994, headquartered in Ouagadougou (Burkina Faso) West African Economic and • Benin • Mali - Main governance bodies : Monetary Union • Burkina Faso • Niger (WAEMU) • Ivory Coast • Senegal Authority of Heads of State and Government and • Republic of Guinea- • Togo council of finance ministers Bissau WAEMU commission Common Central Bank headquartered in Dakar - Common currency (XOF) and customs union - Created in 1994, headquartered in Bangui (Central African 2 6 countries : Republic) Economic Community of • Cameroon Central African States • Congo - Main governance bodies : (ECCAS) • Gabon Authority of Heads of State and Government and council of finance ministers • Equatorial Guinea ECCAS commission • Central African Republic Common Central Bank headquartered in • Chad Yaoundé - Common currency (XAF) and customs union 3 East African Community 5 countries : - Created in 2000, headquartered in Arusha (Tanzania) (EAC) • Kenya • Rwanda - Customs union and common market • Tanzania • Burundi - Monetary union under construction • Uganda 4 15 countries : - Created in 1992, headquartered in Gaborone (Botswana) Southern African • South Africa* • Malawi • Seychelles - Projects of custom union and free trade zone Development Community (SADC) • Angola • Mauritius • Swaziland* - Monetary union under construction • Botswana* • Mozambique • Tanzania • Lesotho* • Namibia* • Zambia • Madagasgar • DRC • Zimbabwe * Member countries of Southern African Customs Union (SACU) 12 AFRICA INCREASINGLY TARGETED BY INTERNATIONAL INVESTORS Growing FDI towards Africa Several investment funds dedicated to Africa FDI towards African countries Managers Funds Main operations Invested amounts USD Bn • Emerging • ECP Africa III • OSEAD Maroc Mining • NA Decline of incoming FDIs in the Capital • Moroccan (Morocco 2007) aftermath of the international Partners Infrastructure • Almes (Morocco 2009) crisis, amount remain significant Fund • Finadev (Benin 2010) • Central Africa • Nairobi Java House Growth Sicar (Kenya 2012) 60.0 • Aureos1 • West Africa • Bank of Africa (Kenya • Amounts invested in 52.6 Fund 2006) Africa: 571 USD m 49.0 • East Africa Fund • Athi River Steel Plant • Africa Health (Kenya 2006) 39.2 x30 36.3 Fund • Southey Holdings (South Africa 2009) 29.3 • Actis • NA • Adesemi • NA Communications • Afribrand Holdings 7.4 5.9 • Heritage Place (Nigeria) 2.1 • Kingdom • PAIP II • First Hydrocarbon • Amounts invested in Zephyr (Nigeria) Africa: 200 USD m 2005 2006 2007 2008 2009 2010 Africa • Consolidated Infra Group (South Africa) • Mixta Africa (Maghreb) Moy. 1980-89 Moy. 1990-99 Moy. 2000-04 Moy. • Helios • Modern Africa • Shell Africa Downstream • ~1 000 USD m (in Investment Fund Business (2011) partnership) Partners • Continental Outdoor Media (South Africa • ~147 USD m 2009) • Equity Bank (Kenya 2007) SOURCE: World Bank, Investment funds website ; (1) Acquired by Abraaj in 2012 • ~179 USD m 13 13 GROWING INTEREST FROM EMERGING COUNTRIES ESPECIALLY CHINA Chinese FDI towards Africa Several infratructure projects are funded by China and involving chinese suppliers USD Bn 10% Top 10 infrastructure projects implemented by Chinese companies Funding 1 Suppliers Sectors Countries USD m 1 CCECC Transportation Nigeria, DRC, Congo 2 500 2 Sinohydro Electricity Ghana, Guinea, Sudan, 2 242 Corp. Togo 3 ZTE Telecom Ghana, Kenya, DRC, 2 101 Mali Trade between China and Africa 4 CGC Water & Cameroon, Nigeria 1 024 Electricity USD Bn 5 CGXIG Transportation Nigeria 1 000 26% 6 CGGC Electricity Nigeria 1 000 28% 7 CMEC Transportation Sudan, Senegal, 721 & Telecom Zimbabwe 8 TEC Transportation Mauritania 620 9 SEPC Corp. Electricity Sudan 512 10 CATIC Electricity Zimbabwe 500 (1) The total of Chinese fundings that concerns the projects implemented by each supplier Source:14 National bureau of statistics of China, World Bank Attijariwafa Bank Strategy and footprint in Africa ATTIJARIWAFA BANK, A PAN AFRICAN LEADING PLAYER Attijariwafa bank in a nutshell More than 6.0 million clients worldwide • Date of creation : 1904 • Employees as of June 30th 2012 : 14 861 in 22 countries Operating in 22 countries : 11 countries in Africa / 7 countries in Europe • Network as of 30th 2012 : About 2 352 branches • First market capitalisation of the Moroccan financial sector 1st national banking network • Total assets 2011 : 30.9 billion € / Total customer Loans 2011 : 20.8 billion € • Total Deposits 2011 : 26.7 billion € / Total shareholders’ equity 2011 : 2.7 billion € 2nd banking group in Africa • Rating S&P
Load more

Recommended publications
  • KDIC Annual Report 2012
    Annual Report & Accounts th For Annualthe Year Report ended &3 0Accounts June 20 12 th For the Year ended 30 June 2012 Deposit Protection DepositFund Protection Board i Fund Board i Vision To be a best-practice deposit insurance scheme Mission The Year under Review under Year The Corporate Social Responsibility Social Corporate To promote and contribute to public confidence in the stability of the nation’s 23iii 12 12 financial system by providing a sound safety net for depositors of member institutions. Strategic Objectives • Promote an effective and efficient deposit insurance scheme • Enhance operational efficiency • Promote best practice Strategic Pillars • Strong supervision and regulation • Public confidence • Prompt problem resolutions • Public awareness • Effective coordination Corporate Values • Integrity • Professionalism • Team work • Transparency and accountability • Rule of Law Corporate Information The Year under Review under Year The Corporate Social Responsibility Social Corporate 12iv 23 Deposit Protection Fund Board CBK Pension House Harambee Avenue PO Box 45983 - 00100 Nairobi, Kenya Tel: +254 – 20 - 2861000 , 2863841 Fax: +254 – 20 - 2211122 Email : [email protected] Website: www.centralbank.go.ke Bankers Central Bank of Kenya, Nairobi Haile Selassie Avenue PO Box 60000 - 00200 Nairobi Auditors KPMG Kenya 16th Floor, Lonrho House Standard Street PO Box 40612 - 00100 Nairobi Table of Contents Statement from the Chairman of the Board..................................................................................6
    [Show full text]
  • Bank Code Finder
    No Institution City Heading Branch Name Swift Code 1 AFRICAN BANKING CORPORATION LTD NAIROBI ABCLKENAXXX 2 BANK OF AFRICA KENYA LTD MOMBASA (MOMBASA BRANCH) AFRIKENX002 3 BANK OF AFRICA KENYA LTD NAIROBI AFRIKENXXXX 4 BANK OF BARODA (KENYA) LTD NAIROBI BARBKENAXXX 5 BANK OF INDIA NAIROBI BKIDKENAXXX 6 BARCLAYS BANK OF KENYA, LTD. ELDORET (ELDORET BRANCH) BARCKENXELD 7 BARCLAYS BANK OF KENYA, LTD. MOMBASA (DIGO ROAD MOMBASA) BARCKENXMDR 8 BARCLAYS BANK OF KENYA, LTD. MOMBASA (NKRUMAH ROAD BRANCH) BARCKENXMNR 9 BARCLAYS BANK OF KENYA, LTD. NAIROBI (BACK OFFICE PROCESSING CENTRE, BANK HOUSE) BARCKENXOCB 10 BARCLAYS BANK OF KENYA, LTD. NAIROBI (BARCLAYTRUST) BARCKENXBIS 11 BARCLAYS BANK OF KENYA, LTD. NAIROBI (CARD CENTRE NAIROBI) BARCKENXNCC 12 BARCLAYS BANK OF KENYA, LTD. NAIROBI (DEALERS DEPARTMENT H/O) BARCKENXDLR 13 BARCLAYS BANK OF KENYA, LTD. NAIROBI (NAIROBI DISTRIBUTION CENTRE) BARCKENXNDC 14 BARCLAYS BANK OF KENYA, LTD. NAIROBI (PAYMENTS AND INTERNATIONAL SERVICES) BARCKENXPIS 15 BARCLAYS BANK OF KENYA, LTD. NAIROBI (PLAZA BUSINESS CENTRE) BARCKENXNPB 16 BARCLAYS BANK OF KENYA, LTD. NAIROBI (TRADE PROCESSING CENTRE) BARCKENXTPC 17 BARCLAYS BANK OF KENYA, LTD. NAIROBI (VOUCHER PROCESSING CENTRE) BARCKENXVPC 18 BARCLAYS BANK OF KENYA, LTD. NAIROBI BARCKENXXXX 19 CENTRAL BANK OF KENYA NAIROBI (BANKING DIVISION) CBKEKENXBKG 20 CENTRAL BANK OF KENYA NAIROBI (CURRENCY DIVISION) CBKEKENXCNY 21 CENTRAL BANK OF KENYA NAIROBI (NATIONAL DEBT DIVISION) CBKEKENXNDO 22 CENTRAL BANK OF KENYA NAIROBI CBKEKENXXXX 23 CFC STANBIC BANK LIMITED NAIROBI (STRUCTURED PAYMENTS) SBICKENXSSP 24 CFC STANBIC BANK LIMITED NAIROBI SBICKENXXXX 25 CHARTERHOUSE BANK LIMITED NAIROBI CHBLKENXXXX 26 CHASE BANK (KENYA) LIMITED NAIROBI CKENKENAXXX 27 CITIBANK N.A. NAIROBI NAIROBI (TRADE SERVICES DEPARTMENT) CITIKENATRD 28 CITIBANK N.A.
    [Show full text]
  • Commercial Banks Directory As at 30Th April 2006
    DIRECTORY OF COMMERCIAL BANKS AND MORTGAGE FINANCE COMPANIES A: COMMERCIAL BANKS African Banking Corporation Ltd. Postal Address: P.O Box 46452-00100, Nairobi Telephone: +254-20- 4263000, 2223922, 22251540/1, 217856/7/8. Fax: +254-20-2222437 Email: [email protected] Website: http://www.abcthebank.com Physical Address: ABC Bank House, Mezzanine Floor, Koinange Street. Date Licensed: 5/1/1984 Peer Group: Small Branches: 10 Bank of Africa Kenya Ltd. Postal Address: P. O. Box 69562-00400 Nairobi Telephone: +254-20- 3275000, 2211175, 3275200 Fax: +254-20-2211477 Email: [email protected] Website: www.boakenya.com Physical Address: Re-Insurance Plaza, Ground Floor, Taifa Rd. Date Licenced: 1980 Peer Group: Medium Branches: 18 Bank of Baroda (K) Ltd. Postal Address: P. O Box 30033 – 00100 Nairobi Telephone: +254-20-2248402/12, 2226416, 2220575, 2227869 Fax: +254-20-316070 Email: [email protected] Website: www.bankofbarodakenya.com Physical Address: Baroda House, Koinange Street Date Licenced: 7/1/1953 Peer Group: Medium Branches: 11 Bank of India Postal Address: P. O. Box 30246 - 00100 Nairobi Telephone: +254-20-2221414 /5 /6 /7, 0734636737, 0720306707 Fax: +254-20-2221417 Email: [email protected] Website: www.bankofindia.com Physical Address: Bank of India Building, Kenyatta Avenue. Date Licenced: 6/5/1953 Peer Group: Medium Branches: 5 1 Barclays Bank of Kenya Ltd. Postal Address: P. O. Box 30120 – 00100, Nairobi Telephone: +254-20- 3267000, 313365/9, 2241264-9, 313405, Fax: +254-20-2213915 Email: [email protected] Website: www.barclayskenya.co.ke Physical Address: Barclays Plaza, Loita Street. Date Licenced: 6/5/1953 Peer Group: Large Branches: 103 , Sales Centers - 12 CFC Stanbic Bank Ltd.
    [Show full text]
  • Effect of Electronic Banking on the Operating Costs of Commercial Banks in Kenya
    EFFECT OF ELECTRONIC BANKING ON THE OPERATING COSTS OF COMMERCIAL BANKS IN KENYA CATHERINE WANJERI MACHARIA A RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTERS OF SCIENCE IN FINANCE, SCHOOL OF BUSINESS, UNIVERSITY OF NAIROBI 2019 DECLARATION This research project is my original work and has not been presented for examination in any other university. Signature……………………………………. Date………………………………… This Research project has been submitted for examination with my approval as university supervisor Signature…………………………………………. Date………………………………… Dr. Mwangi Cyrus Iraya Chairman, Department of Finance and Accounting School of Business ii ACKNOWLEDGMENT I thank the Almighty God for providing the resources required for my project and seeing me through the period. I appreciate the encouragement and moral support given to me by my husband and two children. Many thanks to my Supervisor, Dr. Mwangi Cyrus Iraya for the guidance offered. iii DEDICATION This research is dedicated to my parents for their support and constant push throughout my journey in pursuit of knowledge. They have been a pillar and this would not have been possible without them. iv THE TABLE OF CONTENTS DECLARATION............................................................................................................... ii ACKNOWLEDGMENT ................................................................................................. iii DEDICATION.................................................................................................................
    [Show full text]
  • Financial Market Headlines
    | CASABLANCA | 08/31/2021 FINANCIAL MARKET HEADLINES | MOROCCO | ATTIJARIWAFA BANK | NBI up 0.7% in H1 2021 In H1 2021, Attijariwafa bank's NBI recorded an increase of 0.7% to MAD 12.5 Bn compared to MAD 12.4 Bn during the same pe- riod of the previous year. | MOROCCO | BANK OF AFRICA | NBI up 2% in H1 2021 In Q2 2021, Bank Of Africa's NBI recorded a decline of 4% to MAD 3.7 Bn. In H1 2021, Bank Of Africa’s NBI stood at MAD 7.2 Bn, up 2.4%. | MOROCCO | BMCI | A sharp increase of NIGS in H1 2021 Indicators (MAD Mn) H1 2020 H1 2021 Change NBI 1 554 1 514 -2,6% Gross Operating Income 638 544 -14,7% GOI margin 41,0% 35,9% -5,1 pts Cost of risk 494 225 -54,5% NIGS 61 254 313,2% Net margin 4,0% 16,8% +12,8 pts | MOROCCO | CIH BANK | Consolidated NBI up 7% in H1 2021 In H1 2021, CIH Bank's consolidated Net Banking Income amounted to MAD 1,500.6 Mn compared to MAD 1,402.8 Mn in H1 2020, i.e. an increase of 7.0%. | MOROCCO | COSUMAR | Consolidated revenue up 3% in H1 2021 At the end of Q2 2021, Cosumar's consolidated revenue stood at MAD 2,408 Mn, up 9.1% year-on-year. In this context, the opera- tor's consolidated revenue in H1 2021 shows an increase of 2.9% to MAD 4,382 Mn. | MOROCCO | TOTALENERGIES MARKETING MAROC | Sales volume up 17% in H1 2021 In H1 2021, TotalEnergies Marketing Maroc's sales volume increased by 17% to 871 KT against 747 KT a year earlier.
    [Show full text]
  • THE KENYA GAZETTE Published by Authority of the Republic of Kenya (Registered As a Newspaper at the G.P.O.) Vol
    NATIONAL COUNCIL FOR LAW REPORTING LIBRARY THE KENYA GAZETTE Published by Authority of the Republic of Kenya (Registered as a Newspaper at the G.P.O.) Vol. CXXII —No. 78 NAIROBI, 30th April, 2020 Price Sh. 60 CONTENTS GAZETTE NOTICES PAGE PAGE The Land Registration Act—Issue of New Title Deeds 1810,1818 66—The Registered Land (Amendment) Rules, 2020.... 747 The Land Act—Construction of Thwake Multipurpose 67—The Government Lands (Fees) (Amendment) Dam 1810 Rules, 2020 748 The Legal Education Act—Passing of Examinations and 68—The Land Titles (Registration Fees) (Amendment) Pupilage 1811 Rules, 2020 ' 748 The Capital Markets Act 1811-1815 69—The Public APrneurement and Asset Disposal County Governments Notices 1816-1817 Regulations, 2020 749 The Crops Act—Proposed Grant of Tea Licences 1817 70 — The Public Order (State Curfew) (Extension) The Co-operatives Societies Act—Appointment of Order, 2020 869 Liquidator 1817 75—The Kenya Defence Forces (South Africa Visiting Disposal of Uncollected Goods 1818 Forces) Order, 2020 877 Change of Names 1818 SUPPLEMENT No. 55 SUPPLEMENT Nos. 44 and 45 Senate Bills, 2020 National Assembly Bills , 2020 PAGE PAGE The Pandemic Response and Management Bill, 2020 71 The Supplementary Appropriation Bill, 2020 211 The County Allocation of Revenue Bill, 2020 89 SUPPLEMENT Nos. 56 and 57 SUPPLEMENT Nos. 52,53,54,55,56 and 59 Acts, 2020 Legislative Supplements, 2020 PAGE LEGAL NOTICE No. PAGE The Tax Laws (Amendment) Act, 2020 13 65 — The Registration of Titles (Fees) (Amendment) Rules, 2020 747 The Division of Revenue Act, 2020 31 [1809 1810 THE KENYA GAZETTE 30th April, 2020 CORRIGENDA GAZETTE NOTICE NO.
    [Show full text]
  • Annual Integrated R E P O
    2019 2019 ANNUAL ANNUAL INTEGRATED INTEGRATED REPORT REPORT INTRODUCING THE GROUP.....................................................................................................................................................8 BANK OF AFRICA, more than 60 years of continuous development ................................................................................9 BANK OF AFRICA Today......................................................................................................................................................................................... 11 Shareholders ........................................................................................................................................................................................................................ 13 BANK OF AFRICA Group’s business lines............................................................................................................................................... 16 Geographical presence................................................................................................................................................................................................ 17 A pan-African vocation................................................................................................................................................................................................ 18 Intra-Group synergies for Africa’s development ..................................................................................................................................
    [Show full text]
  • Bank Supervision Annual Report 2019 1 Table of Contents
    CENTRAL BANK OF KENYA BANK SUPERVISION ANNUAL REPORT 2019 1 TABLE OF CONTENTS VISION STATEMENT VII THE BANK’S MISSION VII MISSION OF BANK SUPERVISION DEPARTMENT VII THE BANK’S CORE VALUES VII GOVERNOR’S MESSAGE IX FOREWORD BY DIRECTOR, BANK SUPERVISION X EXECUTIVE SUMMARY XII CHAPTER ONE STRUCTURE OF THE BANKING SECTOR 1.1 The Banking Sector 2 1.2 Ownership and Asset Base of Commercial Banks 4 1.3 Distribution of Commercial Banks Branches 5 1.4 Commercial Banks Market Share Analysis 5 1.5 Automated Teller Machines (ATMs) 7 1.6 Asset Base of Microfinance Banks 7 1.7 Microfinance Banks Market Share Analysis 9 1.8 Distribution of Foreign Exchange Bureaus 11 CHAPTER TWO DEVELOPMENTS IN THE BANKING SECTOR 2.1 Introduction 13 2.2 Banking Sector Charter 13 2.3 Demonetization 13 2.4 Legal and Regulatory Framework 13 2.5 Consolidations, Mergers and Acquisitions, New Entrants 13 2.6 Medium, Small and Micro-Enterprises (MSME) Support 14 2.7 Developments in Information and Communication Technology 14 2.8 Mobile Phone Financial Services 22 2.9 New Products 23 2.10 Operations of Representative Offices of Authorized Foreign Financial Institutions 23 2.11 Surveys 2019 24 2.12 Innovative MSME Products by Banks 27 2.13 Employment Trend in the Banking Sector 27 2.14 Future Outlook 28 CENTRAL BANK OF KENYA 2 BANK SUPERVISION ANNUAL REPORT 2019 TABLE OF CONTENTS CHAPTER THREE MACROECONOMIC CONDITIONS AND BANKING SECTOR PERFORMANCE 3.1 Global Economic Conditions 30 3.2 Regional Economy 31 3.3 Domestic Economy 31 3.4 Inflation 33 3.5 Exchange Rates 33 3.6 Interest
    [Show full text]
  • Banking's Most Socially Active Professionals
    Africa’s Most Socially Active Banking Professionals – September 2020 Position Company Name LinkedIN URL Location Size No. Employees on LinkedIn No. Employees Shared (Last 30 Days) % Shared (Last 30 Days) 1 Absa Bank Moçambique https://www.linkedin.com/company/30166965 Mozambique 1001-5000 276 56 20.29% 2 Société Générale African Business Serviceshttps://www.linkedin.com/company/13673494 Morocco 201-500 307 52 16.94% 3 Standard Bank Angola https://www.linkedin.com/company/5166455 Angola 501-1000 449 69 15.37% 4 Société Générale Côte d'Ivoire https://www.linkedin.com/company/11771636 Cote D’Ivoire 1001-5000 362 51 14.09% 5 BANCO MILLENNIUM ATLANTICO https://www.linkedin.com/company/5063383 Angola 1001-5000 766 101 13.19% 6 AfrAsia Bank Limited https://www.linkedin.com/company/460583 Mauritius 201-500 342 41 11.99% 7 Bank One Limited https://www.linkedin.com/company/1558035 Mauritius 201-500 276 33 11.96% 8 ProvidusBank https://www.linkedin.com/company/10990815 Nigeria 201-500 279 30 10.75% 9 Banco Económico https://www.linkedin.com/company/874337 Angola 501-1000 610 64 10.49% 10 Equity Bank Congo https://www.linkedin.com/company/16254647 Democratic Republic of the501-1000 Congo 303 31 10.23% 11 FNB Moçambique https://www.linkedin.com/company/427748 South Africa 201-500 248 23 9.27% 12 Coris Bank International https://www.linkedin.com/company/8134529 Burkina Faso 501-1000 535 48 8.97% 13 BNI - Banco de Negocios Internacional,https://www.linkedin.com/company/425604 SA Angola 501-1000 391 35 8.95% 14 Banco Único S.A https://www.linkedin.com/company/66198333
    [Show full text]
  • Morocco's Bank of Africa BMCE Group Accelerates Digital Banking And
    www.ncipher.com Morocco’s Bank of Africa BMCE Group accelerates digital banking and meets eIDAS requirements with nCipher HSMs Bank of Africa operates over 1500 commercial branches in Africa, In addition the solution would have to meet the requirements laid Europe and Asia. Bank of Africa BMCE Group is majority-owned by out by the Direction Générale de la Sécurité des Systèmes Bank of Africa and is the second largest private bank in Morocco. d’Information (DGSSI), the Moroccan authority responsible for BMCE Group brings strong strategic and operational support to the computer systems security. Bank of Africa Group, as well as direct access to the international market as a result of its presence in Europe and Asia. A major priority TECHNICAL CHALLENGE for the group is to accelerate digital banking for its customers. The eIDAS regulation requires that government and public commercial services recognize standard signature formats and pan-European BUSINESS CHALLENGE identities. It applies to many commercial services that require an Bank of Africa BMCE Group wanted to deploy a digital banking EU identity, including know your customer in banking, where it identity solution that would enhance the customer experience with is mandatory to identify and verify the identity of the client when seamless online account on-boarding and management. opening a bank account. Because of its international reach and strong ties with Europe, the To comply with eIDAS, Bank of Africa BMCE Group would need to solution needed to comply with the European Union’s Electronic upgrade its customer-facing public key infrastructure (PKI) to include a Identification, Authentication and Trust Services (eIDAS) regulation.
    [Show full text]
  • Annual Report 2013 Table of Contents
    GHANA Annual report 2013 Table of contents 1 Message from the CEO of BOA GROUP 2-3 Over 30 years of growth and expansion 4 Over 30 years of experience serving customers 5 The commitments of the Group 6 Banking Products & Services of BOA-GHANA 7 ActivitY REport 8-9 Comments from the Managing Director 10 Highlights 2013 11 Key figures on 31/12/2013 12-13 Corporate Social Responsibility Initiatives 14 Board of Directors & Capital 15 Report and Financial Statements 2013 16-18 Corporate Information 19-20 Report of the Directors 21-22 Independent Auditors’ Report 23 Financial Statements 2013 24 Statement of Comprehensive Income 25 Statement of Financial Position 26 Statement of Changes in Equity 27 Statement of Cash Flows 28-81 Notes to the Financial Statements © All rights reserved. Message from the CEO of BOA GROUP The BANK OF AFRICA Group’s 2013 financial year was highlighted mainly by the following five objectives: • continue its external growth, • improve its operating structure, • launch a vast plan to strengthen its risk control, • expand its sales & marketing set up, • continue to enhance its financial results. The BANK OF AFRICA Group’s development was reflected in 2013 by the opening of a subsidiary in Togo. Meanwhile, the Group’s institutionalisation continued with an expansion in its Central Departments at head office. With the same determination of more precision-based management, a major project for redefining risk management was launched in synergy with the BMCE Bank Group, our majority shareholder. In the same light, a system of environmental and social management was set up in this same area.
    [Show full text]
  • Etat Financier Boa Rw 2010
    BANK­OF­AFRICA­GROUP Email:­<[email protected]> NETWORK­BANKS ­ BOA-BENIN­ ­ BOA-MER­ROUGE ­ BOA-SENEGAL­ Avenue Jean-Paul II - 08 BP 0879 - Cotonou - Bénin 10, place Lagarde - BP 88 - Djibouti Résidence Excellence - 4, Av. Léopold Sédar Senghor Phone: (229) 21 31 32 28 - Fax: (229) 21 31 31 17 Phone: (253) 35 30 16 - Fax: (253) 35 16 38 BP 1992 RP - Dakar - Sénégal E-mail: <[email protected]> E-mail: <[email protected]> Phone: (221) 33 849 62 40 - Fax: (221) 33 842 16 67 www.boabenin.com BOA-MADAGASCAR­ E-mail: <[email protected]> www.boasenegal.com ­ BOA-BURKINA­FASO­ 2, place de l’Indépendance 770, Av. du Président Aboubakar Sangoulé Lamizana BP 183 - Antananarivo 101 - Madagascar ­ BOA-TANZANIA­ 01 BP 1319 - Ouagadougou 01 - Burkina Faso Phone: (261) 20 22 391 00 - Fax: (261) 20 22 294 08 NDC Development House, Ohio Street/Kivukoni Front Phone: (226) 50 30 88 70 à 73 - Fax: (226) 50 30 88 74 E-mail: <[email protected]> P.O. Box 3054 - Dar es Salaam - Tanzania E-mail: <[email protected]> www.boa.mg Phone: (255) 22 211 01 04 / 211 12 29 www.boaburkinafaso.com ­ BOA-MALI­ Fax: (255) 22 211 37 40 E-mail: <[email protected]> ­ BOA-CÔTE­D’IVOIRE­­ 418, Avenue de la Marne - BP 2249 - Bozola www.boatanzania.com Angle Av. Terrasson de Fougères et Rue Gourgas Bamako - Mali 01 BP 4132 - Abidjan 01 - Côte d’Ivoire Phone: (223) 20 70 05 00 - Fax: (223) 20 70 05 60 ­ BOA-UGANDA Phone: (225) 20 30 34 00 - Fax: (225) 20 30 34 01 E-mail: <[email protected]> BANK OF AFRICA House - Plot 45 Jinja Road E-mail: <[email protected]> www.boamali.com P.O.
    [Show full text]