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](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/04/14/70493.jpg&w=800&q=72&f=jpg&t=1)
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.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...