African Financial Sector News

Digital finance, an opportunity to accelerate financial inclusion in Africa?

04.06.2018

 | Source: FinancialAfrik

Technology finance accounts for more than 50% of the 270 mobile banking offerings sold worldwide, 134 million active accounts listed in 2017, of which more than 84 million are in Sub-Saharan Africa. Since 2010, the African continent has been experiencing an upheaval in its financial ecosystem. Both banks and FinTech and other mobile banking operators compete for technological know-how to gain share in the vast digital finance market on the continent.

 

Southern Africa: Top Finance Officials Discuss Possible Use of Chinese Yuan As Reserve Currency for Eastern, Southern Africa

01.06.2018

 | Source: Forum on China-AFrica Cooperation; All Africa

The Chinese yuan comes under the spotlight Tuesday and Wednesday when 17 top central bank and government officials from 14 countries in eastern and southern Africa meet in Harare to discuss its possible use as a reserve currency for the region.

Nigeria: Why Stock Market Declined in First Quarter, By Experts

01.06.2018

 | Source: AllAfrica; The Guardian

Capital market experts have linked the unprecedented lull witnessed in the nation's stock market in the first quarter (Q1) to shift in the demand for equities for fixed income securities by Foreign Portfolio Investors, FPIs.

Tanzania: What Tanzania Banks On to Attract Industrial Investment

31.05.2018

 | Source: All Africa

The government has explained how it attracts industrial investment including by ensuring peace and security in the country.

Afreximbank Partners FCSSC, MIAI for $1 billion fund to Support Industrialization, Boost Africa-South Cooperation

30.05.2018

 | Source: Financial Afrik

The African Export-Import Bank (Afreximbank), the Finance Center for South-South Cooperation (FCSSC) and the Made-in-Africa Initiative (MIAI) have announced a joint effort to mobilise $1 billion in equity fund to channel foreign direct investment from developing (South) economies towards Africa’s industrialization and integration into global value chains.

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