economistinsights -- Africa is rising and is becoming the new banking destination.
With a return on equity of 20-30%—roughly double that of banks in developed markets—it’s no surprise.
Though 75% of sub-Saharan adults do not yet have a bank account, mobile subscribers have been increasing by nearly 20% a year for the past five years and sub-Saharan Africa is the world’s fastest growing internet population. It is also the world’s second fastest-growing continent economically speaking, and the fastest-growing continent in terms of population.
Technology and innovation in banking models are on the rise—from mobile banking to microfinance—does this mean the race to bank for Africa’s billion has begun?
Seize the moment to join over 200 African and international banking leaders, innovators and investors to debate what it takes to create a robust and profitable banking system in sub-Saharan Africa.