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How Africa’s financial sector can manage risk in volatile times

Ear to the ground: The Finance Ministry monitors all threats to the country’s fiscal stability
Ear to the ground: The Finance Ministry monitors all threats to the country’s fiscal stability

Right now, every financial services company in Africa wants the same thing: to grow revenues, and reduce their risk.

But with consumers across the continent struggling in the face of rising inflation and interest rates, they're experiencing a growing wave of non-performing loans (NPLs), which is putting a brake on their growth ambitions.

At the same time, regulators and governments across the continent are challenging the financial services sector to drive greater financial inclusion. The sector is also grappling with challenges like how to deal with rising digital fraud without affecting the customer journey in the process.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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