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A wonderful world COnTEnTS AfricAn BAnker 2nD QUARTER 2009

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united 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

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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

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editoriAl ORIGINALS AND FAKES AfricAn BAnker’s World NEWS IN BRIEF neW Appointments cover storY STASHING THE LOOT: HOW AFRICA IS BEING BLED DRY stAr intervieW STANDARD CHARTERED’S RAZIA KHAN: AFRICA MUST NOT LOSE MOMENTUM stAr intervieW AFDB’S DONALD KABERUKA: $3BN WAR CHEST ESTABLISHED

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feAture AFRICA AND THE CREDIT CRUNCH: NIGERIAN BANKS WILL RIDE IT OUT

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moneY trAnsfers REMITTANCES EXPECTED TO SHOW RESILIENCE profile WIZZIT’S BRIAN RICHARDSON: DOING GOOD IS PROFITABLE profile ELIZABETH MALUMO: WOMEN EQUAL BUT DIFFERENT

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forum MICHAEL LAFFERTY: MY CASE FOR STAND-ALONE RETAIL BANKING

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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. Microfi lms available from Xerox University Microfi lms, 399 N. Zeeb Road, Ann Arbor, Michigan 48106, USA. Indexed by UMI/Data Courier, PO Box 327770, Louisville, KY 40232-2770 USA.

All pictures AFP unless indicated. Registered with the British Library. ISSN 1757-1413 ©2009 IC Publications Ltd. N° DE COMMISSION PARITAIRE EN COURS avril 2009 Dépôt légal