The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Africa's mining sector plays a key role in driving the economic performance of a number of countries on the continent and providing over a quarter of the continent's export earnings. The continent accounted for 5.3% of the global mineral production ...
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Africa's infrastructure sector faces a complex reality. Despite its vast potential, the continent struggles with a significant infrastructure deficit. The continent remains a laggard when it comes to access to energy, water, and digital ...
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Africa's rich reserves of oil and gas have historically played a significant role in the continent's economic growth. These resources have bolstered government coffers, attracted significant foreign investment, and spurred economic activity. Africa ...
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Energy poverty in Africa remains widespread and according to the African Development Bank (AfDB) over 640mn of the continent's population lack access to energy. This corresponds to an electrification rate of just over 40%, amongst the lowest in the ...
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In 2022 and 2023, African countries continued to face extreme headwinds, particularly coming from a combination of factors, including the lingering effects of the COVID-19 pandemic, the slowing global economy, and tighter global financial conditions ...
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Africa's telecommunications industry has expanded rapidly in recent years, driven primarily by the mobile services segment. The number of mobile cellular subscribers in Africa more than doubled over the past decade rising at a CAGR of 7% in the ...
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Africa's mining sector plays a crucial role driving the economic performance of a number of countries on the continent and providing over a quarter of the continent's export earnings. The continent accounted for 5.6% of the global mineral production ...
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