Following the phenomenal success of Kenya’s 10-year-old M-Pesa programme, mobile money and mobile banking initiatives have begun popping up across the African continent. Beginning as a simple and secure way to transfer small amounts of money, mobile money programmes have evolved to offering subscribers a full suite of financial services,...
The insurance sector in Côte d’Ivoire has been posting solid growth figures for years. The pickup in the country’s economy after 2012 has made the sector increasingly attractive, prompting the arrival of new competitors aiming to establish a foothold in West Africa’s biggest insurance market.
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.
Côte d’Ivoire’s capital markets are closely linked to the broader fortunes of the eight-member UEMOA, of which it is a member. The country is also home to West Africa’s regional stock exchange, the Bourse Régionale des Valeurs Mobilières (BRVM), one of the fastest-growing stock exchanges on the continent.
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...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×