Given that the guiding principle of micro-insurance is the provision of insurance cover for people with low incomes, Africa offers an extensive and very promising market for the industry. In 2011 the World Bank reported that almost half of the continent’s population earned less than $1.25 per day.
THE COMPANY: Sonatel is the leading telecommunications operator in Senegal with sales of CFA876bn (€1.3bn) in 2015 and more than 1800 employees. Currently present in four countries, the group has a total customer base of 26m, including 290,000 broadband customers. In terms of market share, Sonatel...
Several reforms over the past two years are helping to pave the way for greater liquidity on the Abidjan-based Bourse Régionale des Valeurs Mobilières (BRVM)The bourse has seen its market capitalisation more than double since 2012, but as with many emerging and frontier markets, trading is low and the exchange is dominated by “sit and hold”...
At a forum hosted by the African Development Bank (AfDB) at its headquarters in Abidjan in November 2016, Ivorian lenders pledged to dedicate CFA1.34trn (€2bn) in financing to small and medium-sized enterprises (SMEs) in 2017. The injection of credit aims to relieve pressure on smaller companies, which have traditionally struggled to obtain...
The market for government debt is changing across Africa, and in ways that pose risks for local banks as well as for their investors and customers. States are looking to their banks to help bridge funding gaps so they can better ride out the cycle of lower commodity prices and tepid global growth. That means it is harder to raise international...
As larger banking groups expand their reach within the West African Economic and Monetary Union (Union Economique et Monétaire Ouest-Africaine, UEMOA), authorities at the region’s central bank have recently implemented a number of significant changes. First, they have raised capital requirements to enhance lenders’ scale. Second, they have begun...
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