Fintech investments on the African continent exceeded $1.35bn last year. The question now is whether a lack of incumbent legacy systems can help propel the sector further.
Africa
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Double whammy hurts Nigerian banks’ ROE
October 15, 2021Access Bank, the country’s largest lender by total assets, saw ROE fall from 16% in 2019 to 14.1% in 2020.
NPL upward trend continues at Kenyan banks
October 14, 2021KCB Group, the country’s largest lender by Tier 1 capital, saw its non-performing loan ratio rise to 15% in 2020.
Moroccan banks take stock of ROE tumble
October 5, 2021The country’s largest lender, Attijariwafa Bank, saw return on equity drop to 6.8% last year from 12.9% in 2019.
The Banker’s Top 100 African Banks 2021
October 4, 2021Nigeria and Egypt make a strong showing in this year’s Top 100 African Banks ranking.
Africa's pressing need to boost vaccine production
October 1, 2021The private sector has a defining role to play in ramping up vaccine production across the continent.
Egyptian banks boost Tier 1 capital
September 28, 2021Banque Misr saw an 84% increase in Tier 1 capital last year amid a limited economic impact of Covid-19 compared with other countries.
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Kigali and Lagos added to financial centre index
September 28, 2021While there was not much change at the top of the 30th edition of the Global Financial Centres Index, two African centres join the ranks for the first time.
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Investec outruns its rivals in South Africa
September 1, 2021Investec topped the South Africa performance rankings and climbed up 63 places in the overall Top 1000 ranking. Its ‘Big Four’ peers fared less well.
First Bank Nigeria bucks trend by increasing Tier 1 capital
September 1, 2021Nigeria’s banks have had a tough year, as the economy hit a two-decade low.