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FOUNDER AND EDITOR-IN-CHIEF Afif Ben Yedder Directeur de la publication benyedder@icpublications.com GROUP PUBLISHER Omar Ben Yedder o.benyedder@icpublications.com EDITOR Anver Versi VP DEVELOPMENT Saliba Manneh s.manneh@icpublications.com ADVERTISING advertising@icpublications.com ADVERTISING SALES DIRECTORS Medrine Chitty, Baytir Samba, Nick Rosefield DISTRIBUTION distribution@icpublications.com PRODUCTION MANAGER Sophie Dillon PRINTERS Roularta Media Group Meensesteenweg 300 8800 Roeselare SUBSCRIPTIONS IC Publications Webscribe Unit 4, College Business Park College Road North Aston Clinton, HP22 5EZ UK Telephone: +44 (0) 1442 820580 contact@webscribe.co.uk www.africanbusinessmagazine.com/subscribe All pictures AFP unless indicated. Registered with the British Library. ISSN 1757-1413 ©2020 IC Publications Ltd N° DE COMMISSION PARITAIRE 0120 T 90333 Dépôt légal Juillet 2020
Cover Story Riding the Covid-19 economic tempest
Editorial 5 Africa’s bankers are Covid-19 heroes News in Brief 6 Banking sector news from around the continent African Banker’s World 14 Who’s going where in the
African banking industry Cover Story 22 Riding the Covid-19 economic tempest 24 Covid-19 in Africa: Outcomes and scenarios In Perspective 30 Owning the digital journey Banking in the Time of Covid-19 32 Banks adopt robust measures
against lockdown losses 36 Healthy banks essential for
Covid-19 economic recovery In Conversation 38 João Figueiredo, CEO, Moza Banco 42 Felix Bikpo, CEO, African Guarantee Fund Stock Market 44 Debt relief – Africa’s agonising dilemma 44 No choice for some 46 African stock markets catch the virus 47 Health investor dual-lists in Rwanda In Conversation 48 Dr Leila Fourie, CEO, Johannesburg Stock Exchange 50 Geoffrey Odundo, CEO, Nigeria Stock Exchange Country Focus 52 Nigeria: Banks navigate turbulent waters 54 Covid-19 sparks rush for digital banking 56 Timely release of N150bn sukuk In Conversation 58 Mahin Dissanayake, Senior Director, Banks, Fitch Ratings Spotlight 60 Digital financial inclusion – Kenya and Nigeria case studies Awards 66 African Banker Awards Covid-19 Response 68 Islamic Dev Bank pledges $2.3bn Covid-19 support Insurance 70 South African insurers step up to the plate Country Focus 72 South Africa: Buckling up for a bumpy ride
