Tag Archives | Africa financial services
The KPMG Banking Industry Customer Satisfaction Survey (BICSS) was launched in 2007 to heighten the […]
In a prolonged period of economic, political and regulatory uncertainty, long-term saving is more vital […]
The latest edition of KPMG’s Evolving Banking Regulation report looks at the Sub-Saharan African (SSA) […]
The complexities of the current regulatory environment undoubtedly pose significant challenges for financial institutions, as […]
“A growing body of evidence suggests that financial institutions and financial markets exert a powerful influence on economic development, poverty alleviation, and economic stability,” says Martin Čihák, lead economist at the World Bank. Financial sectors on the African continent remain largely underdeveloped, while banking industries continue to dominate the landscape in terms of total assets and services. Nonetheless, financial sector development has been on the agenda of African policymakers for some time.
The Central Bank of Libya has given its approval for the formation of an Islamic real estate fund. A group of private firms will now launch a fund estimated at 165 million Libyan dinars (US$134 million) to target the country’s property market…
Nigeria’s insurance industry has witnessed positive changes in recent times, arising from the new reforms embarked upon by the National Insurance Commission (NAICOM), the primary regulator of the Nigerian Insurance Industry. The country’s insurance market is the largest in the West Africa sub-region, however the penetration is currently considered very low when compared with the population of over 165 million people.