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.
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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.
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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.
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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.
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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.