The digitization of financial operations, what opportunities in the Uemoa space? This is the theme of a lunch-debate, organized this Saturday, July 20, 2019, at the Pullman hotel, in Plateau.
Initiated by the Association of Graduates of the Masters in Banking and Finance (Ad-Mbf) from Cesag, headed by Laurent Ligué, the president, this meeting brought together nearly 100 participants. Coming mostly from the Ivory Coast, but also from Niger and Togo.
On the occasion, the Secretary of State to the Prime Minister, in charge of the budget and the State portfolio Sanogo Moussa, sponsor of the ceremony, was represented by his technical adviser, Daouda Kamagaté. The latter indicated that this theme is at the heart of the development challenges of the financial sector, and therefore, of the transformation of their economies. “Africa missed the industrial revolution. But it must not miss the digitalization revolution. Indeed, digitization is positioned today as one of the fundamentally irreversible processes for any organization that wants to be efficient and modern.

The 21st century will be a century of digitization,” he said. Adding that it is time to focus on the digitalization of our administrations and the private sector.
He underlined that aware of the stakes, the governments and States of the Bceao, with the support of international banking institutions such as the AfDB, the World Bank, the IMF, are committed to working for the digitalization of the economies of developing countries. of development.” This is why several measures and actions are taken in this direction, in order to achieve this objective. Among others, the development of electronic money and interoperability between digital financial platforms,” he continued. The Minister's technical adviser Sanogo Moussa also noted that Côte d'Ivoire, a country of 26 million inhabitants, has 34 million telephone subscribers, 14 million Internet subscribers, and 10 million Internet users. mobile money, with a daily transaction of about 17 billion CFA francs. "What makes our country a breeding ground where we must develop digitalization," he said.

For his part, the president of the association of Master's graduates in Banking and Finance stressed that the purpose of this lunch debate was to allow participants to understand the phenomenon of digitization, which is new. "Today's lunch debate, devoted to the phenomenon of the digital revolution in financial operations, therefore contributes to highlighting the challenges and opportunities for all economic players in our young States, with a view to maximizing the value creation, thanks to new
technologies. This, among other things, through more meaningful financial inclusion, throughout society,” he said. Before adding that digitization is a consequence of the digital revolution, which affects all sectors of economic activity.
“For us, digitalization is an opportunity to be able to accelerate the financial inclusion in Africa that our governments want. It was therefore important for us to understand the motivations, the challenges, the opportunities but also the risks of digitalization. Because there are risks in all activities,” he said.
indicated. The ceremony was hosted by a panel attended by several executives from the banking sector.

The opening of the capital of the BNI and the CNCE aims to "strengthen their equity" (Expert)
611 words
October 19, 2018
Journal du Cameroun.com
JOCACO
French
Copyright © 2018 Journalducameroun.com - All rights reserved
The opening of the capital of the National Investment Bank (BNI) and the National Check Fund
and savings ( CNCE ), two Ivorian public banking establishments, aims to "strengthen their capital", according to a financial analyst. The decision to open up capital, by the Ivorian State, aims to "strengthen their their own" with regard to Basel standards, an Ivorian financial analyst, who requested anonymity, told APA, indicating that this allows these establishments to have "preventive capital". The opening of the capital of these banks, announced Wednesday at the end of the Council of Ministers, should, according to the government spokesman, Sidi Touré, "make it possible to bring the funds to the regulatory level of 10
billion FCFA thanks to an issue of new shares”. He pointed out that "this will be an increase of 10 billion CFA francs", without further details.

An approach that should enable these banking institutions to further support public and private investment, an important lever for economic growth. The BNI has a share capital of 20 billion CFA francs. This capital represents twice the level of banking regulations within the West African Economic and Monetary Union (UEMOA). With an increase of 10 billion CFA francs, one third of the capital should be held by new shareholders. According to a World Bank report, some problems exist at the level of the CNCE . “Placed under provisional administration since 2015, (these problems) remain because its equity remains negative despite the 35 billion euros
FCFA injected by the government in 2016”. “The government should quickly find a solution for the CNCE , which represents a budgetary risk, particularly with the implementation of the recently adopted restructuring and capitalization plan,” the World Bank recommended last year. "Given the strategic nature of these national credit institutions within the framework of the implementation of the State's economic policy, it was decided to reserve this opening of capital to structures in relation with the public sector", said the government spokesman. This operation, he mentions, "will also allow for the specific case of the CNCE (National Bank of Checks and Savings), to strengthen the restructuring plan in progress for the restoration of the financial balance of this bank ". The Ivorian government began a few years ago the process of selling its shares in banking establishments. In early July 2017, the State sold 841,500 shares representing 10% of its shares in the capital of Nsia Banque on the regional stock market (Brvm). The Ivorian State has also initiated the privatization of Versus Banks (public). The investment bank Rothschild & Cie, one of the largest players in mergers and acquisitions in France, has obtained a mandate for the sale of assets. The Ivorian financial market experienced growth in 2016 thanks to the extension of loans granted to the private and public sector, but certain signs of fragility have appeared.

At the end of 2016, seven out of 23 banks, representing 4% of the system's assets, did not observe the minimum capital ratio, according to the World Bank. With the introduction of the Basel ll and lll standards, banks now have the obligation to cover, in addition to credit risk, market risks, operational and liquidity risks. Banks should strengthen their capital to respect the risk concentration threshold which must not exceed 75% (Bceao ratio).

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