DBM in Africa: Operators Sceptics

7 years ago - April 22, 2014
Development Bank of Mauritius (DBM) will expand its activities in Africa and in the region. The decision to explore the African market is credible? Opinions differ.

"I see no possibility for the DBM to be present in Africa and in the region. First, the Development Bank of Mauritius does not work as it should at the national level. Operate outside would definitely be a total failure, "says Amar Deerpalsing, president of the Association of Small and Medium Enterprises (SMEs).

According to him, the DBM can not help SMEs on the Mauritian territory, because, he says, "This bank is too 'politicized'. "The DBM should first operate more professionally, such as commercial banks in Mauritius to be able to relocate," said he.

"To help its entry into the African market would necessarily inject new blood in the bank," emphasizes Eric Ng, economist and former president of the DBM. "The staff of this entity have not been trained to understand and solve the problems of SMEs. I do not see how it could target the African continent, "he says. Moreover, "the DBM will compete with development banks who know the African market. The range of products offered, in addition to those for SMEs remains a key factor. The decision to extend the activities of the DBM demonstrates that the domestic market is limited, "says Eric Ng.

"The question is: how can she enter an already occupied by professional market? "Chandan Jankee, economist and former president of the DBM is categorical. "This is only the blah-blah," he says. It abounds in the same direction Eric Ng.

"Africa has well-established banks and available to SMEs. The question to settle on an already saturated market in the banking sector does not arise, "he says. According to the economist, the problem of MAS is purely political. "This bank is stuck with the government strategy. It has not been reinvented to solve the problem of SMEs in the local context, "he says. Our interlocutor said that the DBM is rich in terms of assets, which brings him about Rs 120 million per year. "I think that instead of operating Moreover, the DBM should give priority to assist SMEs that are unable to obtain a loan from other commercial banks," he says.

It is expected that, in this context, the DBM and an Indian consortium led by the Small Industries Development Bank of India, in partnership with Bank of Maharashtra, will sign a memorandum of agreement on the operation of the new bank very soon.

 

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