African Banker - African Business Magazine

African Banker

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How the Kenyan banks went under

Abdulmalek Janmohamed, the group managing director of Imperial Bank, died of a heart attack in September 2015.…

Nigeria: USSD tech powers mobile banking revolution

Tobi Onaoluwa, a PhD student at Nigeria’s University of Ibadan, has just finished designing DNA to be used for molecular analysis and is ready to order the models from a manufacturer based in South Africa.…

Weak commodity prices are taking its toll on trade finance, says BACB CEO

The global fall in commodity prices has not only taken its toll on Africa’s major exporters over the last two years, but the slump has also been a key driver for the withdrawal of international banks out of Africa, said Paul Hartwell, chief executive at London-based British Arab Commercial Bank (BACB).

Africa ripe for Islamic finance

Africa’s development needs are greatly aligned with Islamic finance given the continent’s infrastructure deficit, paving the way for more sharia-compliant products on the continent, according to Imran Mufti, partner at Riyadh-based law firm Hogan Lovells.…