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Business Day

Bain sees banks coining it in Africa

Bain sees banks coining it in Africa

  • noviembre 12, 2015
  • min read

Business Day

Bain sees banks coining it in Africa

There is scope for growth in African banking in the next five years, according to Bain & Company research that projects banking pre-tax profits for Africa, excluding SA, will grow 9% to $13.3 billion by 2020. But financial services firms should tread carefully when selecting which markets they choose to enter, says Fabrice Franzen, a partner in Bain's Johannesburg office.