How Africa’s financial sector can manage risk in volatile times
Friday, April 14, 2023 | 60 Views |
Ear to the ground: The Finance Ministry monitors all threats to the country’s fiscal stability
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.
Batswana who marched peacefully for 'Justice for Tshepi' demanded answers. They have now received a detailed account of police investigation and a promise that the file is with the Directorate of Public Prosecutions (DPP). The real test is whether the state now keeps its word without further prodding. In his address, the minister asked the nation to trust the process. He spoke of rigour, not neglect, and pointed to 10 months of...