Invisible
Robot
- Feb 11, 2006
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By Olivier Nyirubugara, The Hague, The NetherlandsAfrica is resisting the financial crisis that has been affecting Western and Asian markets.
In Togo we are not dealing with the crisis, says T. Gnasosounou of Cauris Investissement. His understanding of the current crisis is that there is much liquidity in the West but bankers dont know how to use this money, while in Africa its the opposite.
The crisis is not affecting us at all, adds F. Swai of Akiba Commercial Bank in Tanzania. She explains that this immunity comes from the fact that none of the collapsed or collapsing banks have no chapters in her country. However, she adds, the Central Bank of Tanzania is consulting with commercial banks to strengthen regulations.
For the time being, Africa seems to be on the safer side, but one should wonder if this will last long.