African financial industry loses appeal to international banks
People walk past a logo of French bank Societe Generale in front of the company's skyscraper at the financial and business district of La Defense near Paris, France September 14, 2023. PHOTO | REUTERS
Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
African financial industry players have increasingly lost confidence in the ability of the sector to attract international partners and investors, a result of the economic and political challenges that have bedevilled the continent over the past few years.
This year, only 48 percent of financial industry players on the continent expect the sector to be more attractive to international investors, a 12 percent drop from last year’s 60 percent, the African Financial Industry Barometer shows.
