In 2021, Africa had about 21 digital banks serving more than 18 million customers, according to a report by BPC Banking Technologies and Fincog. 80% of these neobanks are concentrated in South Africa and Nigeria.
Private equity and venture capital have picked up again in Africa in 2021, driven by the desire to seize the opportunities of the post-covid-19 period. However, internal dynamics must be analyzed to measure the real performance of these sectors.
Dr. Abe Manase Lori is haunted by the memory of a 45-year-old patient who succumbed to Covid-19 at the beginning of the pandemic in South Sudan.
Present in Washington for the United Nations General Assembly, Zambian President Hakainde Hichilema also met representatives of the IMF and the World Bank. With them, he discussed reforms for his country and a backup plan to turn around the economy in dire straits.
Tech start-ups are receiving significant attention from investors. The IFC is no exception to the rule. It could once again support the sector.
Faced with the coronavirus crisis, African countries have put in place various measures in order to respond effectively to the threat of the pandemic. In 2020, sub-Saharan Africa is estimated to have experienced an economic contraction of around 2%.
