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FOUNDER Afif Ben Yedder Directeur de la publication ( GROUP PUBLISHER Omar Ben Yedder ( EDITOR Anver Versi ART DIRECTOR Jason Venkatasamy EDITORIAL CONSULTANT Christian Udechukwu ASSISTANT EDITOR Alexa Dalby EDITORIAL ASSISTANT Carole Lambert CORRESPONDENT-AT-LARGE Stephen Williams GENERAL MANAGER Leila Ben Hassen ( VP DEVELOPMENT Saliba Manneh ( ADVERTISING SPECIAL PROJECT MANAGER Darren Moore ADVERTISING SALES DIRECTORS Medrine Chitty, Elisée Marie, Nick Rosefield SENIOR SALES EXECUTIVE Nadia Osho-Williams DISTRIBUTION PRODUCTION MANAGER Richard Briggs PRINTERS Headley Brothers Ltd, The Invicta Press, Queens Road, Ashford, Kent, TN24 8HH SUBSCRIPTIONS Abacus e-Media Chancery Exchange, 10 Furnival Street London, EC4A 1YH Telephone: +44 20 8950 9117 Fax: +44 20 8421 8155 www.africanbusinessmagazine. com/main-articles/subs For subscriptions, see page 34. All pictures AFP unless indicated. Registered with the British Library. ISSN 1757-1413 ©2013 IC Publications Ltd N° DE COMMISSION PARITAIRE 0115 T 90333 Dépôt légal Mai 2014



The mother of all technologies 06 AFRICAN BANKER’S WORLD

Round-up of the last quarter in Africa’s banking industry 12 NEW APPOINTMENTS

Who has moved where 14 LEAD STORY

TECHNOLOGY The genie of technology unleashed 15 The building blocks 18 Banks still wary of cloud 20 Solutions for an increasingly complex Africa 21 Big data solutions: a future trend 24 The rise of the super ATM 28 Oracle forum opens up vast tech horizon 32 IN CONVERSATION

Albert Essien, CEO, Ecobank 40 TALKING POINT

ASIAN BANKING Cautious optimism in Hong Kong


Barclays Africa Africa’s resilience has been understated 67 EVENTS The African Banker Awards 68 IN FOCUS

ISLAMIC BANKING A partnership made in heaven? 71 Interview: Khaled Al Aboodi,

Islamic Corporation for Development of the private sector 76 ANALYSIS Is a currency crisis on the way? COUNTRY-WISE 80 Ghana: Microfinance calls the shots 82 South Africa: Sharp rise in internet banking fraud 87 GADGETS, GIZMOS & CARS

How to work smarter – the latest hi-tech tools and the top 4x4s