Africa presents the ideal environment for new cash and payments services architecture by linking rapidly changing customer expectations with new technologies. This puts banks at the centre of the creative clash of trends and technology as Africa’s financial institutions harness disruption for innovation and growth.
Trade credit insurer Atradius expects the country to emerge from recession this year, but warns that weak confidence will continue to keep growth subdued.
Emerging markets offer “a world of opportunity”, but delegates at the recent ACT Conference heard from treasurers whose companies operate in regions such as Africa about the challenges they also present.
Lower commodity prices have dented the performance of many of the region’s currencies, but this shouldn’t prove too tough a challenge for companies seeking to establish a presence in Africa.
The succession issue will arise in more than 20 countries this year, putting the stability of many regions in question reports the risk management group.
Despite some progress in tackling bribery and corruption, many senior managers are failing to set the right tone according to EY.
Standard & Poor’s has cut its long-term foreign currency sovereign credit rating to BB+ from BBB- as president Zuma comes under increasing pressure to resign.
President Jacob Zuma confirmed the dismissal of Pravin Gordhan after days of speculation that caused market and currency volatility.
In this interview with GTNews, Peter Crawley, Citi’s country officer for South Africa reports on the region’s challenges, opportunities and how fintech is proving a catalyst for change.
A recovery in commodity prices, coupled with the rising fortunes of several sub-Saharan African economies, means the continent offers excellent opportunities for companies able to contend with its treasury and risk management challenges.