Africa's financial sector is growing rapidly in line with continent's rapid economic and demographic growth.
This creates both opportunities and threats for extant players, as the potential for expansion is balanced by the entry of new competitors. New competitors can come in the form of global banks looking to build a footprint on the continent, especially in the corporate and retail banking spaces. Regional banks can also represent a threat by rolling-out successful models in similar markets.
GBRW has been working with banks and other financial institutions in Africa for nearly 20 years, with assignments in west, southern, and east Africa. We help our clients in Africa transform their business and operating models to meet the challenges of the 21st century. Developing new products and markets, particularly in the emerging Small- and Medium-sized (SME) and commercial segments, will be a critical success factor. As will keeping close control on credit quality while going through a period of rapid portfolio growth.
