Sep 27, 2012
Financial services sector a key enabler in African investmentBack
Expertise|Africa|Citibank Africa|Consulting|KPMG Africa|KPMG Nigeria|Munich Reinsurance Company Of Africa|Resources|Africa|Brazil|China|India|Nigeria|Russia|South Africa|Banking|Financial Services|Insurance Sectors|Retail Banking|Services|Technology Leading|Bisi Lamikanra|Infrastructure|Junior Ngulube|Nicholas Young
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“This has led to more focus on retail banking. Further developments have derisked local and foreign investors entering African markets,” she added.
Junior Ngulube, CEO of Munich Reinsurance Company of Africa, added that the South African banking and insurance sectors have been very well-regulated. “We didn’t see any of the turmoil that is still playing out globally. The rest of the continent is also very similar to South Africa in that respect.
Citibank Africa COO Nicholas Young suggested because Africa was an enigma for many investors, a tailored approach should be developed for each market. “Combined global and local partnerships work well to unpick different markets.”
Such an approach can act as a key differentiator for investors entering Africa.
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