ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Tue, 06 Mar 2018 18:30 - Updated Tue, 06 Mar 2018 18:30

Report highlights growth and innovation in African retail banking

Luanda - Retail banking in Africa is the fastest growing and most innovative and African banking markets are among the most interesting in the world, according to a new McKinsey Global Banking report.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

Banks bet on innovation

Photo: Alberto Juliao

The continent's global banking market is the second fastest growing and the second most profitable in the world, and a breeding ground for innovation, according to the study released last Friday.

Currently, almost 300 million Africans are banked, a number that could increase to 450 million in 5 years.

The report targets the African market in four typologies - from advanced markets such as South Africa and Egypt to fast-growing transitional markets such as Kenya, Ghana and Côte d'Ivoire, sleeping giants like Algeria, Nigeria and Angola, to emerging banking markets such as the Democratic Republic of Congo and Ethiopia.

Tags Banco   Economy  

Read also
  • 06/03/2018 10:56:57

    National Statistic Institute to inquire 640 families in Huambo

    Huambo - The National Statistic Institute (INEA) is since Monday conducting all over the country the third Inquiry on Expenses, Revenue and Employment in Angola (IDREA), in which at least 640 families are expected to be involved in the central Huambo Province.

  • 05/03/2018 17:20:00

    Angolan Development Bank assesses USD 500 million projects

    Luanda - The Angolan Development Bank (BDA) is conducting assessment visits to several projects financed all over the country going from 5 to 8 March, says a press note that reached Angop on Sunday.

  • 05/03/2018 13:32:03

    Cacanda farm innovates to increase production

    Dundo - The business group Agresub, owner of the Cacanda farm since 2016 and which is located in the north-eastern Lunda Norte Province, is since last January implementing a restructuring process to triple the production of vegetables, poultry and livestock production, the company’s Finance director, Carlos Saraiva, has said to the press.