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BENIN • BURKINA FASO • BURUNDI • CAMEROON • CAPE VERDE • CENTRAL AFRICAN REPUBLIC • CHAD • CONGO • CÔTE D’IVOIRE DEMOCRATIC REPUBLIC OF CONGO • GABON • GAMBIA • GHANA • GUINEA BISSAU • GUINEA • KENYA • LIBERIA • MALAWI • MALI NIGER • NIGERIA • RWANDA • SAO TOME & PRINCIPE • SENEGAL • SIERRA LEONE • TOGO • UGANDA

WWW.ECOBANK.COM 4TH Quarter 2009 Issue 10 An IC Publication

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Profile – Sanusi, the scholar banker Profile – SARB’s new boss, Gill Marcus Interview – Barclay’s Vinit Chandra Interview – Banque Atlantique’s Kie

NigeriaN baNkiNgThe big cleaN-up

Scramble for African banking Is China funding African integration? African stocks review

Contents African Banker 4th quarter 2009

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A wonderful world

6/15/09 2:37:19 PM

Eurozone €8.00, UK £5.50, USA $9.95, Australia A$15.00, Bahrain Bd3.000, Canada $11.00, CFA Zone CFA5.000, denmark dKr 65, Egypt E£30, Ethiopia R40, Gambia da100, Ghana GH¢5.00, Indonesia R59.000, Jamaica $400, Japan ¥1400, Jordan Jd5.000, Kenya KShs450, Kuwait Kd2.500, Lebanon LL10.000, Liberia US$6.00, Malaysia RM30, Mauritius MR300, Morocco dh40, Nigeria N600, Norway NoK120, oman oR3.000, Qatar QR30, Saudi Arabia Rls30, Sierra Leone LE10,000, Singapore S$14, South Africa R39.90 (inc tax), other Southern African countries R35 (excl tax), Sweden SKr65, Switzerland SFr15.00, Tanzania TShs7,500, Tunisia Td5.000, Turkey 6.00yTL, UAE dh30, Uganda USh12,000, Zambia K25,000

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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 e-mail: info@icpublications.com www.icpublications.com

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All pictures AFP unless indicated. Registered with the British Library. ISSN 1757-1413 ©2009 IC Publications Ltd. N° DE COMMISSION PARITAIRE EN COURS Octobre 2009 Dépôt légalUnited Kingdom IC Publications, 7 Coldbath Square, London ec1r 4lq. tel: +44 20 7841 3210 Admin FAX: +44 20 7713 7898 Editorial FAX: +44 20 7841 3211 E-mail: icpubs@africasia.com www.africasia.com

Three dramatic years African Banker’s World News in Brief New Appointments Cover Story Nigerian Banks: the big clean-up 21 Not looking for saints 24 PROFILE: The scholar banker In memoriam MandÉ SidibÉ: A true African visionary Profile New SARB governor Gill Marcus: Change or no change? Interview I Barclays’ Chandra: AFRICA’s untapped potential Development Banks AfDB president Kaberuka: “Prepare for economic takeoff” Capital Markets Inovations galore at JSE, AND regional round-up International finance Is China helping Africa’s integration? Perspective Scramble for THE African banking pie EventS 2009 African Banker Awards Interview I Charles Kie on why banque atlantique is the largest group in West Africa

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Group Publisher: Afif Ben Yedder Directeur de la publication (benyedder@africasia.com) Editor: Anver Versi Editorial Consultant: Christian Udechukwu Correspondent-at-large: Stephen Williams Art Director: Carlo Nicolaou Editorial Assistant: Carole Lambert Associate Group Publisher: Omar Ben Yedder (o.benyedder@africasia.com) group sales director: Leila Ben Hassen (l.benhassen@africasia.com) Advertising Sales Directors: Alya Assad Medrine Chitty Tibor Fuchsel Arthur Jones Saliba Manneh Nick Rosefield Production Manager: Michael Messam 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 Informartion 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.