Latest articles from Africa

africa and tech

Fintechs drawn to underdeveloped Middle East and Africa markets

March 1, 2021

Western Union is one of a number of major companies to seize digital opportunities in the underbanked Middle East and Africa regions.

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BGFIBank's turnaround mission for the DRC

March 1, 2021

Managing director Marlene Ngoyi on the challenges of the DRC’s large unbanked population.

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Kenya epicentre of busy M&A year for Africa

February 24, 2021

Leading banks expanded across the continent, while consolidation continued in overbanked countries.

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Credit risk tops Rwandan central bank’s priorities

February 22, 2021

The National Bank of Rwanda wants timely and accurate provisioning by lenders to avoid a cliff edge.

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Nigeria’s central bank clamps down on cryptocurrencies

February 18, 2021

CBN’s effort to force financial institutions to close cryptocurrency accounts has sparked angry backlash.

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Kenya’s banks set for another bumpy year

February 15, 2021

Large government debt and vulnerability to external shocks could derail the banking sector’s recovery in 2021.

 

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Behind the push to make banking more inclusive in MENA

February 4, 2021

The Middle East and north Africa has some of the lowest access to financial services in the world, but work is underway to change this.

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Nigeria’s fintech scene booms despite economic woes

December 11, 2020

Investment surges as start-ups seek to tap 40% of country still unbanked amid rising internet use.

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Nigeria’s banks grapple with Covid-19 and oil price slump

November 27, 2020

Lenders' profitability set to weaken on the back of higher impairments and lower net interest margins.

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IFC encourages the private sector in the Middle East and Africa

November 2, 2020

IFC vice-president for the Middle East and Africa, Sérgio Pimenta, on Covid-19’s lasting impact on economies in the two regions.