July 04, 2009

The Bankers’ Association for Finance and Trade’s (BAFT) second annual Africa Bank-to-Bank Forum had been concluded on June 30-July 1, in Nairobi. African banking executives had gathered to discuss about banking, trade, and finance developments in the region, including the economic crisis and its impact on Africa’s banks, cross-border initiatives for trade finance, mobile banking, and industry best practices.

Industry experts present in the forum addressed on global liquidity concerns, trade contraction, restraints on credit, payment system issues, anti-money laundering efforts, and regulatory oversight.Jeremy Wilson, VC of Barclays Commercial and Chairman of the Global Councils of BAFT, said: “The Africa Council is proving to be an appropriate vehicle and will also help the banking sector in the dissemination of best practice and knowledge and understanding of banking issues from commerce to compliance.