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Mobile Payment: A New Trend Shaping the Future of Financial Services Industry in Africa
- November 14, 2014
- Posted by: Fadwa KHALIL
- Category: Africa, Financial Services
The financial sector is struggling to develop in Africa. Basically, this is due to the low purchasing power of Africans to afford insurance or to deposit and save their money in bank accounts. A large part of Africa’s population is still excluded from the financial system. For instance, the banking penetration rate is 23% in
Where is the Super Eagles’ nation standing financially?
- November 22, 2013
- Posted by: Gaïcha SADDY
- Category: Financial Services, West Africa
Nigerian banking industry, regulated by the Central Bank of Nigeria (CBN), is made up of commercial banks and development finance institutions, microfinance banks, finance companies, discount houses and primary mortgage institutions. Economically, Nigeria is now a very attractive country as corruption is being treated and its economy is annually expanding at almost 7 percent, while