The low purchasing power of the continent, as well as the underdeveloped formal banking penetration set ground for the micro finance solution to thrive. The multi-billion dollars microfinance industry in Africa has currently a gross loan portfolio of $8.5 billion and reaches a consumer base of 8 million people. According to the World Bank financial […]
The Market Capital Authority in Morocco has done a study to launch a Commodity Exchange market, looking forward to prepare the financial and the legal framework to develop this project, after assessing its success potential. A Commodity Exchange is a market in which multiple buyers and sellers trade commodity-linked contracts on the basis of rules […]
With a growing middle class and a population that is moving into the cities, Africa is on a positive growth trajectory. According to the African Development Bank, African consumers will spend about US$2.2tr annually by 2030. Africa is ushering in positive indicators across the board. The challenge is how to reach this growing demand in […]
Exploring the Nigerian banking sector, regulated by the Central Bank of Nigeria (CBN), reveals a complex network of commercial banks, development finance institutions, and more. As Nigeria positions itself as an economically attractive landscape, with corruption being actively addressed and an annual economic growth rate of nearly 7%, the banking sector stands as a testament […]
Insurance Distribution Channels are revolutionizing the industry in Africa, particularly in Sub Saharan regions, where insurers are keen on deepening insurance penetration amidst the continent’s promising trends. Overcoming the challenge of convincing African consumers to invest in non-compulsory insurance products, insurers are innovating with new distribution models tailored to the unique African market.
Private equity seems to hold the African growth promise. Amid the sluggish economy and the lengthy deleveraging process that the developed countries have been going through, Africa is rising as a fertile, promising, and untapped playground for foreign investments. Investors are shifting gears towards the black continent, not only to diversify away from a slowing […]
With a total market of approximately 80 million consumers, the West African market is attracting more and more investments every day. According to the IMF, annual growth rate will be around 6 percent for sub-Saharan countries, while for McKinsey, overall African GDP will reach 2600 billion dollars in the next decade. The European crisis led […]
The Moroccan insurance market realized an interesting jump during the last 5 years. In 2012, the industry totalized MAD 26 billion of premiums vs. MAD 19.7bn in 2008 which represents a CAGR of 7.14%. The penetration rate (premiums/GDP) of the industry remains low compared with the world average of 7% even if it grew from […]
The West African banking system is characterized by two (2) main banking markets. On one hand the UMOA zone ( West African Monetary Union ) having a common currency for the West African CFA franc (XOF ) and regulated by the Central Bank of the States of West Africa (BCEAO) . On the other hand, […]
