Mozambique's economy has performed strongly in recent years, and the country's central bank governor, Ernesto Gove, describes how he intends to build on this growth with, among other things, more liberal investment policies, while also ensuring that opportunities are open to local businesses and profits benefit the entire population.
Mozambique's economy has performed strongly in recent years, and the country's central bank governor, Ernesto Gove, describes how he intends to build on this growth with, among other things, more liberal investment policies, while also ensuring that opportunities are open to local businesses and profits benefit the entire population.
The Banker's 2014 ranking of the top African banks demonstrates why returns in the continent are the highest in the world. Nigeria is realising its potential with average return on capital nearing 25%, while South African banks dominate the top positions in terms of Tier 1 capital.
South Africa’s growth has been sluggish of late but the country’s financial sector remains one of the world’s most sophisticated, while the government’s reforms are allowing businesses to tap into fast-growing markets in the rest of sub-Saharan Africa more easily.
Kenya’s Equity Bank is determined to launch a new mobile banking product that has the potential to shake up an industry dominated by the creator of M-Pesa, Safaricom. Experts say that while Equity could present serious long-term competition for Safaricom, it has its work cut out.