Africa requires USD 100 billion annually in financing to support infrastructure development. Currently only USD 50 billion is available. It is critical that African countries develop their capital markets to raise additional capital required. In addition, Africa needs to focus on giving greater access to funding and financial inclusion.
In the banking sector, international banks operating in Africa have mainly focused on the top end of the client pyramid. A truly African bank needs to focus on the unserved segments which require investors to be involved and on the ground.
Rizwan Desai, Collins Newman & Co.
The closing panel explored some of the issues that arise from the involvement of foreign players in ...
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