"International banks' exposure to Sub-Saharan Africa stands at a paltry USD 210 billion, according to the Institute of International Finance.
British banks have traditionally had the largest exposure to the region, with Eurozone banks a distant second, but Asian banks are increasingly taking a bigger bite of that market share.
Chinese banks' presence in the region has reportedly risen, with China Development Bank lending USD 67 billion to the region during the past decade, compared to USD 55 billion lent by the World Bank." Continue Reading
Friday, November 22, 2013
Sub-Saharan Africa teeming with banking potential
Labels:
Africa,
Brandon McGee,
Mobile banking,
Mobile Money,
mobile payments,
P2P
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