African Banker 1st QUARTER 2013
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All pictures AFP unless indicated. Registered with the British Library. ISSN 1757-1413 ©2013 IC Publications Ltd N° DE COMMISSION PARITAIRE EN COURS Dépôt légal Janvier 2013
COVER STORY WEALTH MANAGEMENT – managing A FRICA’ S A FFLUENT
04 Editorial
O n handling wealth and expensive toys
06 Af ri can Bank er’s W orld
R ound-up of the last quarter in Africa’s banking industry
12 N ew A poi ntments
W ho has moved where
14 C over S tory r ends: Managing the wealth of Africa’s rich 17 A frica’s top high-net-worth individuals
20 BRIC S BANK
W ill it break IMF/World Bank monopoly?
22 MIC ROFINAN CE
he anatomy of microfinance
28 CAPITAL MARKETS
A study in contrasts 29 W est Africa 32 E ast Africa
34 AR OUND AND AB OUT
Looking the part – gadgets and gizmos
40 technology
M obile money comes to Ethiopia
42 east a f ri ca f ocus
Kenya consolidates while Ethiopia opens up
46 T HE BIG DE AL
Historic Tu nisia deal raises confidence
48 S OUTH A F RIC A
o uth African banks ride out tough 2012
