African Banker 4th QUARTER 2012

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OUNDER Afif Ben Yedder Directeur de la publication (benyedder@africasia.com) Group Publisher Omar Ben Yedder (o.benyedder@africasia.com) Editor Anver Versi ART DIRECTOR Karishma Mehta Editorial Consultant Christian Udechukwu Editorial Asistant Carole Lambert ASSistant EDITOR Alexa Dalby Corespondent-at-large Stephen Williams GENERAL MANAGER Leila Ben Hassen (l.benhassen@africasia.com) DEVELopment director Patricia Bonnin p.bonnin@africasia.com group sales director Tibor Fuchsel advertising@africasia.com Advertising SalesDirectors Medrine Chitty Elisée Marie Darren Moore Nick Rosefield distribution icpubs@africasia.com production Sandra Segade-Hermida Printers Headley Brothers Ltd, The Invicta Press, Queens Road, Ashford, Kent, TN24 8HH Indexed and abstracted in PAIS International and included in one or more of the Information Access Company full text reference databases. Microfilms available from Xerox University Microfilms, 399 N. Zeeb Road, Ann Arbor, Michigan 48106, USA. Indexed by UMI/Data Courier, PO Box 327770, Louisville, KY 40232-2770 USA.

COVER STORY BANK SECURITY – WINNING THE WAR AGAINST CROOKS

04 Editorial

Keeping banking safe 06 African Banker’s World

Round-up of the last quarter in Africa’s banking industry 14 New Apointments

Who has moved where 16 Cover Story

Bank Security – winning the war against bank crooks 22 Capital Markets

Are African exchanges fit for purpose? 28 TRANSITIONS

Can Angola’s banks cope with oil windfall?

32 SPECIAL REPORT North African banking –

Politics shapes the landscape 38 ISLAMIC BANKING

he rise and rise of Islamic finance 41 NIGERIA

Bridged banks step into line 44 KENYA

Banks jump on mobile money bandwagon 46 SOUTH AFRICA

Reduce charges, banks told 49 FINANCING ENERGY

Ecobank steps into energy pool

All pictures AFP unless indicated. Registered with the British Library. ISSN 1757-1413 ©2012 IC Publications Ltd N° DE COMMISSION PARITAIRE EN COURS