AFRICAN BANKER 1ST QUARTER 2015
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FOUNDER Afif Ben Yedder Directeur de la publication (benyedder@icpublications.com) GROUP PUBLISHER Omar Ben Yedder (o.benyedder@icpublications.com) 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 (l.benhassen@icpublications.com) VP DEVELOPMENT Saliba Manneh (s.manneh@icpublications.com) ADVERTISING advertising@icpublications.com SPECIAL PROJECT MANAGER Darren Moore ADVERTISING SALES DIRECTORS Medrine Chitty, Elisée Marie, Nick Rosefield SENIOR SALES EXECUTIVE Nadia Osho-Williams DISTRIBUTION icpubs@icpublications.com 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 icpublications@alliance-media.co.uk www.africanbusinessmagazine. com/main-articles/subs For subscriptions, see page 51. 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 Février 2015
C O V E R S T O R Y I N V E S T M E N T B A N K I N G I N A F R I C A
04 EDITORIAL
Seven years of drama and excitement
06 AFRICAN BANKER’S WORLD
Round-up of the last quarter in Africa’s banking industry
12 NEW APPOINTMENTS
Who has moved where
14 COVER STORY
INVESTMENT BANKING IN AFRICA 16 Small but perfectly formed 18 New blood energises bond market 20 Is physical presence necessary? 22 Barclays brings it all together 24 Nedbank’s bold investment banking gambit
26 STRATEGIC ANALYSIS
Can the golden era last? 34 BANKING SECURITY Fighting the techno criminals 35 Unique mobile solution from Africa 36 How to avoid card skimming 37 Joining forces against the fraudster 38 Egypt’s Beeline to online security 39 Wary Nigerians opt for pay-on-delivery 40 South Africa’s Payment Pebble 41 Bitcoin: Made for Africa 42 Kenya hotbed for cybercriminals
44 COUNTRYVIEW
LIBYA If we fail, the country will fail 46 MICROFINANCE
Sou-sou goes online in the US
48 FINANCE VIEWPOINT
Tougher tax regimes for investors
50 INNOVATIVE FINANCE
Mobile operators fund start-ups
52 COUNTRYVIEW
GHANA Consolidation on the cards?
54 GUEST COLUMN Closing the talent gap
56 IN CONVERSATION
Donald Kaberuka, AfDB President
58 PROFILE Wari’s Kabirou Mbodje
61 CORPORATE PROFILE
Mainstreet Bank
64 GADGETS, GIZMOS & CARS
Toys for the boys and girls
