The country’s banking sector has seen an increase in its number of branches in the past few years.
Africa
Latest articles from Africa

Can Ethiopia’s fragile peace pave the way to further economic reform?
January 20, 2023As the ceasefire signed between Ethiopia’s federal government and Tigray rebels continues to hold, hopes for reform of the country’s hitherto state-driven economy — including its banking sector — remain dependent on macroeconomic stabilisation, writes John Everington.

A new voluntary carbon market for Africa
January 17, 2023Marie Kemplay speaks to Joseph Nganga, vice-president for Africa at the Global Energy Alliance for People and Planet, about the ambitious new Africa Carbon Markets Initiative.

Nigeria’s naira redesign controversy
January 10, 2023After minting a new currency design, Nigeria’s central bank has given the population just a few weeks until old notes are null and void. A difficult mix of positive and negative outcomes is exacerbating political rifts.

Africa’s great inflation challenge
December 22, 2022African authorities must make tough choices as they are confronted by surging prices.
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The Banker’s Year in Review 2022 – the ‘best bits’
December 20, 2022As we come to the end of this year, our editors look back on their own coverage for The Banker in 2022: Here are our ‘best bits’.

Africa’s localised approach to globalisation
November 23, 2022Improving internal processes will encourage external investment, writes the CEO of Absa International.

Digitisation finds its way to rural Africa
November 18, 2022Across the continent, cashew farmers – among those in a growing range of agricultural markets – are making use of blockchain to digitise their finances and track the numbers more effectively.

Africa’s climate change investment challenge
October 19, 2022Far-reaching structural reforms and massive investment in infrastructure and agriculture are required to ward off disaster in sub-Saharan Africa.

South Africa wrestles with inflation as energy sector sputters
October 5, 2022The continent's most industrialised economy continues to suffer from underinvestment and lingering corruption.