Kenya’s Equity Bank is determined to launch a new mobile banking product that has the potential to shake up an industry dominated by the creator of M-Pesa, Safaricom. Experts say that while Equity could present serious long-term competition for Safaricom, it has its work cut out.
Morocco is on the cusp of a legislative breakthrough that will pave the way for a fully fledged Islamic finance system in the country. But with a history of failed Islamic banking experiments, on top of the usual problems associated with establishing a new market in a country, Morocco's Islamic banking sector is unlikely to take an instant hold.
A stagnant home market and declining prospects in western Europe have encouraged Swiss wealth managers to expand in emerging markets. But the strategy for success is not always straightforward, and now a number of regional players have come to the fore looking to challenge Swiss dominance in this field.