GDP growth has not kept pace with population increases, warns the World Bank, with economic development squeezed by high debt levels.
Small-scale solar deployments have been instrumental in improving energy access and security across the continent. Consolidation in the market is set to attract increased attention from mainstream investors.
How can financial authorities protect the value that underpins all human activity, nature? Dorothy Maseke, head of the African Natural Capital Alliance, outlines how Africa is rolling out nature-related disclosures.
Mustafa Rawji, CEO of Rawbank, talks to John Everington about the outlook for the bank’s home market of the Democratic Republic of Congo, strategies for sustainable lending to the country’s CEOs, and the nascent bancassurance market.
The general managing director and CEO of the UBA Group talks about the banking group’s strategic priorities for 2024 and the next phase of digitalisation of financial services in Africa.
The first deputy governor of the Bank of Ghana and the CEO of Development Bank Ghana share their plans to steer the west African country out of its ongoing economic crisis.
Mamo Mihretu, governor of the National Bank of Ethiopia, talks about progress on the country’s debt restructuring talks, the fight against inflation and plans to encourage foreign investment in the country.
Nigeria’s minister of finance and co-ordinating minister of the economy spoke last week with John Everington on stage at the Africa Financial Industry Summit in Togo.
Makhtar Diop, managing director of the World Bank’s International Finance Corporation, speaks about the implications of the recent partnership agreement signed with other multilateral development banks.
AFC Commercial Bank joins the league of African banks leveraging Intellect Global Consumer Banking to support its digital banking experience.
Olugbenga Agboola, founder and CEO of Flutterwave, talks to editor Joy Macknight.
Morocco’s central bank governor speaks with John Everington.
Crypto trades have steadily grown despite government bans and limitations, proving their resilience against systemic economic uncertainty in the country.
The World Bank’s vice-president for the MENA region talks to Middle East and Africa editor John Everington.
World Bank president Ajay Banga has big ambitions, including measuring the bank’s performance based on outputs, rather than inputs. But ceasing fossil fuel financing doesn’t appear to be on the agenda for now.
Morocco’s minister of economy and finance talks to John Everington ahead of the annual meetings of the World Bank and IMF.
Lenders across the continent experienced pressure from high inflation and a strong US dollar in 2022.
The successes of the African Climate Summit, together with the African Union’s admission to the G20, mean that African voices are becoming harder to ignore on the global stage.
Founded in 2016 and headquartered in Nigeria and San Francisco, the payments and remittances firm has grown to become one of Africa’s largest start-ups, with a valuation of $3bn as of 2022.
It is too early to understand how much the new service will affect banks’ revenue.