Sub-Saharan Africa is already light years ahead of the rest of the world in advancing mobile banking. Now, governments are pressing for more cross-system compatibility.
Given the continent’s large youth population, the future of banking is digital. But who will win the battle for clicks over bricks? The incumbent banks—or fintechs and telcos?
The creation of an African free-trade area is the first step towards a pan-African single market of 1.2 billion people.
Ivory Coast has the fifth highest percentage of adults with mobile money accounts in the world.
One of Africa’s largest economies is trying to stay afloat in the face of growing challenges.
The rand and South African stocks rallied on the news of Zuma's removal as the republic's president, but challenges remain for his successor.
Zimbabwe’s new leadership faces a difficult macroeconomic environment.
Even as General Electric looks to overhaul its business by selling assets and cutting back on capital expenditure, it is stepping up its investment in Africa—Nigeria in particular.
After 37 years of autocratic rule under former President Robert Mugabe, Zimbabwe has been left broke. Rebuilding promises to be a long, costly and tough process.
Isaac Kamuta, group head, Cash Management & Client Services, Ecobank, spoke with Global Finance Editor Andrea Fiano regarding the bank's mission to facilitate cross-border payments within Africa and the evolution of banking technology and regulation in African countries.
Standard Bank's Head of Global Trade, Vinod Madhavan talks with Global Finance Editor Andrea Fiano at Sibos 2017 about how volatility in Africa is easing up with the rise in global commodity prices leading to a lesser degree of risk for doing business in Africa.
Riad Salamé, governor of Lebanon’s central bank, discusses economic conditions for his country and the region in general, and how Lebanon benefits from its “strong, healthy and conservative banking sector.”
Tunisia’s economic problems high-light the need for foreign direct investment to shore up its economy.
These are the ratings for central bank governors from the Middle East and Africa regions in 2017.
Africa is emerging from last year’s slump, but slow growth of its largest economies is impeding recovery for many of its corporates.
In the following pages we explore some of Africa’s contradictions. Eighty percent of Africans are unbanked; at the same time seven of the world’s fastest-growing economies are in this region.