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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
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

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