Financial Services

On the money

Demand for financial services in Africa is being driven by broader economic progress, and today it has the second fastest growing banking market in the world (taking retail and wholesale banking together). A notable feature is the staggering growth in the number of people becoming banked. Competition in Africa’s challenging and competitive banking landscape is increasingly fierce and tomorrow’s leaders need to be able to demonstrate innovation and technological knowhow.

Sector at a glance

  • 134 - The number of IPOs by African companies over the five years to 2017
  • 100 million - The number of mobile money accounts in Africa
  • 300 million - The number of banked Africans, up from 170 million in 2012