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United Kingdom IC Publications 7 Coldbath Square London EC1R 4LQ Tel: +44 20 7841 3210 Fax: +44 20 7713 7898 E-mail: France IC Publications 609 Bat A, 77 Rue Bayen 75017 Paris tel: +33 1 44 30 81 00 fax: +33 1 44 30 81 11 email:

FOUNDER AND EDITOR-IN-CHIEF Afif Ben Yedder Directeur de la publication GROUP PUBLISHER Omar Ben Yedder EDITOR Anver Versi VP DEVELOPMENT Saliba Manneh ADVERTISING ADVERTISING SALES DIRECTORS Medrine Chitty, Baytir Samba, Nick Rosefield DISTRIBUTION 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 All pictures AFP unless indicated. Registered with the British Library. ISSN 1757-1413 ©2019 IC Publications Ltd N° DE COMMISSION PARITAIRE 0115 T 90333 Dépôt légal Juin 2019

Cover Story Equatorial Guinea - ready for diversification

Editorial Equatorial Guinea under the spotlight

African Banker’s World Who’s going where in the African banking industry

News in Brief Banking sector news from around the continent

Cover Story: Equatorial Guinea Finance Minister

Cesar Augusto Mba Abogo We now have the foundation to begin diversification Stock Market Rollercoaster ride for Jumia Egyptian government launches

$6bn IPO programme Nairobi bourse incubating promising companies Ethiopia more than ready for stock market Light at the end of the tunnel Linking Africa’s big seven exchanges Tanzania gets gold exchange

In Conversation Felix Bikpo,

CEO, African Guarantee Fund

P r o fi l e Olukayode Pitan, MD, BOI

In Conversation Abu Jimoh,

CEO, Coronation Merchant Bank

P r o fi l e Eran Feinstein,


Investment WBAF sets up in Ghana

In Conversation Marouane El Abassi,

Governor, Central Bank of Tunisia

Topic AfDB initiative to propel continental trade

EAIF – a masterclass in blended development finance

Essay The greening of African banking

Point of View East African banking –

consolidation here to stay

Country Focus Uganda: BoU under the cosh over bank closures

South Africa: Turnaround will be painful and painstaking

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