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for an Islamic window in the 1990s and Jaiz International had initially applied in 2004, with approval given in principle in 2005. A draft framework for this form of banking was then approved by the Central Bank in 2009. The interest lies in the fact that around half of Nigeria’s 155 million population is Muslim but Shari’ah-compliant finance had not been an option because of the absence of the supporting banking legislation. The ruling by the Central Bank of Nigeria, under preparation for a considerable time, ushered in the dedicated regulatory framework allowing the introduction of fully-fledged Islamic banks and Islamic windows within conventional financial institutions. Temenos, despite a strong performance in Africa as a


whole, did not sell anything in Nigeria in 2009, 2010 and 2011. Prior to this, it had a single deal in 2008, three in 2007 and one in 2006. In fact, Temenos was not helped by a major high-profile setback when Kenya-based Zenith Bank went live for three days on T24 in 2008 before deciding to switch back to its existing Phoenix legacy system. In 2009, the bank decided to move to ITS’s newer Ethix. Temenos managed one deal in the country in 2012, at


Renaissance Credit/RenMoney, a microfinance institution that was looking for a new core system as a platform for intended rapid expansion. Notably, it took T24 hosted in the cloud. Similarly, Oracle FSS managed one deal in 2008 following


three in 2006 but has had none since. It did gain a boost from 240-branch Skye Bank, the result of a merger in 2006 of five domestic banks, which embarked in 2013 on a major upgrade of Flexcube, from Release 7.3 to 12. Infosys, on the other hand, has been steadier. It managed


to win single deals in 2012 (Mainstreet Bank), 2011 and 2010 (Wema Bank), following on from two in 2009 (Equitorial Trust Bank and Standard Bank), and one in 2008. Finacle is also used in Nigeria by Standard Bank, with this being one of the first two countries to go live on the system within the bank’s major pan-African roll-out. In the MFI sector, there is now competition for Neptune


not only from the mainstream suppliers but also new specialist, Mambu. Its largest user is SEAP Microfinance, the country’s third largest MFI, with around 1200 users and 350,000 accounts. In 2013, Infosys continued its progress in Nigeria, gaining


Heritage Bank. It specialises in private/corporate banking but also covers retail operations. It was spun off from Société Générale Bank of Nigeria (SGBN) when this became defunct in 2006. In 2012, Heritage Bank’s core investor, IEI Investments, acquired the SGBN licence from the central bank and commenced operations in March 2013. ‘Imagine Heritage Bank as a greenfield site, because the old bank had ceased to exist,’ said the bank’s CIO, Ike Williams. The other 2013 deals in Nigeria went to Nucleus with


FinnOne, two additional Shari’ah banking ones for Path (one of which was Sterling Bank), another for Temenos, and a treasury one for Calypso.


2014 saw two more wins for Infosys, further entrenching


its position, but Temenos gaining the nod at Sterling Bank. The bank had completed the move of its Islamic banking subsidiary to iMAL in early 2014 and had turned to replacing its conventional core system, the ICS Banks platform from ICSFS. It is thought Infosys was one of three suppliers to make the final shortlist. In 2015 , 6 deals were awarded . Bosak Microfinance Bank and Polyunwana Microfinance Bank selected Trust Bank CBS, from Trust Software and systems. Both are in the business of Microfinance and Joint liability group lending. Investment One which is in wealth , advisory, pension management selected Money Ware from Miles software for wealth management and Providus bank selected ICS Banks Universal Banking from ICSFS. Finacle and Calypso one deal each.


Republic of Congo


France/Lebanon-based core banking software vendor, Capital Banking Solutions, gained a foothold in the Republic of the Congo during 2012, with two new core banking deals for its flagship, CapitalBanker. One of these was with Banque Postale du Congo (BPC), a greenfield bank set up by the country’s government (which holds the majority stake of 80 per cent) and the Congolese Posts and Savings Company (also known as Sopeco, or Société des Postes et de l’Épargne du Congo). The bank planned to offer retail and SME banking


services and had ambitious plans to grow to a 20-branch entity within a year (making it the bank with the largest network in Congo) and to a hundred locations in the next five years. It also has the role of dealing with postal cheques issued for Congo’s civil servants to receive their salary (this function currently resides with Sopeco). There was no official tender process for the system,


but BPC invited a number of vendors for a meeting (other French suppliers, Sopra/Delta Informatique and SAB, were believed to be among them). Capital Banking Solutions’ second customer in Congo


was Trésorerie Centrale des Dépôts (TCD). The deal was apparently of a similar size to that of BPC. TCD was another new entity, which was established by the Congolese government in spring 2012. Its remit is to manage all public sector treasury in the country including schools, universities, fire services, municipalities, the army and hospitals. The contract was signed in July 2012 and the implementation started early in 2013. There were no selections in either 2013 or 2014.


Rwanda and Burundi


Traditionally, in a country that is split between English and French-speaking, France-based Delta Informatique (now Sopra) has tended to be the dominant supplier, with a reasonable user base. There have been few other inroads by


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