MFW4A- Newsletter of the Making Finance Work for Africa Parntership
Making Finance Work for Africa
Issue 74 Newsletter | 05/2013

Developing a Sound Banking Industry in Africa: How could Development Financial Institutions Help?

Sub-Saharan Africa has the least developed financial sector in the world. With the exception of South Africa, the total African bank assets amount to less than USD 300 billion, which is nearly ten times less than the largest Chinese bank and about the size of the third largest Swedish bank. Even after taking into account the differences in GDP, the African financial sector remains very much underdeveloped, with a penetration rate around 30 %, twice inferior to the average figure in developing countries. In addition to its very small size, the African banking sector remains very much fragmented: the largest banking group in SSA totalled USD 17 billion – three times less than the first Cypriote bank – and only a dozen banking groups have total assets in excess of USD 5 billion. Read More.

06.05.2013 | The Central Bank of Congo upgrades its risk assessment software
The Central Bank of Congo has acquired the ISYS-CERI software in a bid to modernize its risk assessment system.

06.05.2013 | Uganda’s insurance authority adopts risk-based supervision
In Uganda, the Insurance Regulatory Authority (IRA) is to shift from compliance-based supervision to risk-based supervision.

03.05.2013 | Kenya: Gulf African Bank and AGF partner to boost SMEs’ access to finance
Gulf African Bank and the African Guarantee Fund (AGF) have signed a Sh100 million (€908,000) agreement to support lending to small and medium-sized enterprises (SMEs) in Kenya by sharing the risks associated with lending to small businesses.

Searching for the Finance-Growth Nexus in Libya
S. Cevik, M. Rahmati | The World Bank | 2013    

Structured Finance: Conditions for Infrastructure Project Bonds in African Markets   
C. Mezui, B. Hundal | AfDB, NEPAD| 2013   

Success factors of Equity Bank’s Agency Banking
N. A. Venkata, P. Mishra | MicroSave | 2013   

4th World Credit Congress and Exhibition (WCCE) 
14.05.2013 – 16.05.2013 | Johannesburg, South Africa     

MFW4A Advisory Council Meeting 2013   
29.05.2013 | Marrakesh, Morocco    

The Maghreb Financial Sector Dialogue 
29.05.2013 | Marrakesh, Morocco

Access the new Stakeholder Engagement Web Portal for further information on MFW4A's engagement activities with African financial sector stakeholders. 

Watch the new MFW4A animated presentation. 

Access the Landscaping Microinsurance in Africa Map which provides up-to-date data on microinsurance providers, products, distribution channels, and market trends.

Visit the MFW4A online Donor Projects Database (DPD).

Financing Africa: Through the Crisis and Beyond

"Financing Africa" is a landmark study on the financial sector in Africa.

MFW4A is hiring a Research Officer.
For more information, please click here.

If interested and qualified, please submit your application to:

Discover what the international press reports on Africa's financial sectors in our weekly Press Digest - now publicly available on the MFW4A website!

The Making Finance Work for Africa (MFW4A) Secretariat
African Development Bank
Immeuble du Centre de Commerce International d'Abidjan (CCIA)
Avenue Jean-Paul II, 01 B.P 1387
Abidjan 01 - Côte d'Ivoire


Tel: (225)

Click here to unsubscribe