A report done by the DIE for the GIZ (click the links to resolve the alphabet soup). From the Executive Summary: This report sheds light on some selected cases of recent progress by central banks in Africa in striking a balance between their multiple, and at times conflicting, objectives. Taking the cases of Kenya, Nigeria… Read More »
While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a… Read More »
Here.
Former City banker Alex Preston writes in The Independent: The relationship between faith and finance runs deep. Quaker-run banks such as Barclays – founded three centuries ago on Lombard Street – survived when many of their peers crumbled during the crashes of the mid-1700s precisely because of the Christian ethics that underpinned their businesses. More… Read More »
According to a report by Bain & Company, quoted in a Reuters article: Bain Partner Andrew Tymms said the continent’s financial services industry will continue to grow at a compound annual rate of 15 percent to 2020, outpacing gross domestic product growth. “Retail banking will grow faster than corporate banking … to make up 38… Read More »
1. We learn that Nigerians are the happiest people in the world. Again. 2. Is Estonia boarding a sinking Titanic? 3. HSBC releases a report titled The World in 2050 4. Obama in Africa: To go or not to go? 5. “The scooter traffic [in Vietnam] more or less lives up to reputation.” 6. “In… Read More »
By the ever impressive Planet Money team.
Since I have a background in Development Studies, and I am currently trying to develop a research plan for an ethnographic study of the Nigerian financial sector, the following, from Bill Maurer, Professor of Anthropology and Director, Institute for Money, Technology and Financial Inclusion, University of California, Irvine, resonates quite powerfully with me: Because European systems of… Read More »
Financialization and Everyday Life The 14th Berlin Roundtables on Transnationality conducted by the Irmgard Coninx Foundation, the Social Science Research Centre Berlin and Humboldt-University Berlin, 25 – 29 June 2011 Topic The recent financial crisis has once more revealed the power financial markets hold over everyday life. The financial and especially the credit and loan… Read More »
Check out this FT video report on what investors think of the current state of Nigeria’s financial sector. The reform of the financial sector has been targeted mainly at the banking sector, with the federal government’s decision to buy non-performing loans off the balance sheet of troubled banks. Some people, including the interviewee in the… Read More »