Archive for the ‘Financial Services’ category
African banks finally waking up to the needs of SMEs and the unbanked
The banking penetration level in most of Sub-Saharan African markets (excluding South Africa) remains relatively low at about 10%.
Africa’s deepening financial sector
The deepening of Africa’s financial sector is both a result of, and a driver of, the strong macroeconomic gains reflected across several of the continent’s core markets over the course of the past decade.
Why Absa decided to invest in Mozambique’s insurance industry
South African banking group Absa sees strong potential in Mozambique’s insurance sector.
Africa has a large market for low-cost insurance products
“Companies have to realise that insurance policies cannot simply be a low-value replica of what they provide for the higher-income market.”
Investment case for Africa now stronger than ever, says Ecobank
“Direct foreign investment in the continent is forecast to reach US$150 billion by 2015.”
South Africa trying to position itself as Africa’s Islamic finance hub
“Even though Islamic finance has been around for 50 years, more than half of the continent’s Muslim population remains unbanked.”
Financial groups eye Africa’s growing middle class
“Africa’s financial services industry may continue to grow at an average annual rate of 15% to 2020, outpacing gross domestic product growth.”
Kenya’s first Islamic insurance firm looking to overcome challenges
Takaful Insurance of Africa is the first fully Shariah-compliant insurance company to be registered in Kenya. Regina Ekiru speaks to chief executive Hassan Bashir.
Why South Africa could be an attractive base for foreign private equity funds
Recent changes in legislation are paving the way for South Africa to serve as the hub for private equity funds looking to invest in the African continent.
Malawian insurer to benefit from Sanlam’s expertise
South African financial services group Sanlam is to buy a 49% stake in Malawi’s NICO Life Insurance Company Limited.
