The African financial industry stands at a pivotal moment in its history. Propelled by the digital revolution and confident in its future, the sector faces complex challenges while benefiting from opportunities that drive the continent's inclusive development.
This African Financial Industry Barometer, the result of collaboration between Deloitte and the Africa Financial Summit (AFIS), provides an in-depth analysis of the current transformative dynamics. Drawing insights from more than 60 key stakeholders across various industries and regions, the study offers a comprehensive overview of ongoing changes, implemented strategies, and future priorities.
Acceleration of digitalisation, integration of sustainable impact into models, promotion of financial inclusion, reinvention of partnership approaches – the transformation projects are numerous. However, to fully unlock its potential, the African financial industry must also undergo a profound rethinking of itself. Optimising operational and financial performance, adapting governance, strengthening risk management, and investing in the skills of the future are some of the key strategic challenges to address.