The Covid-19 crisis could lead to anywhere from a 23% to 33% drop in African banking revenues in 2020. With central banks multiplying the number of rescue plans, lenders are expected to drive the private sector’s economic recovery. However, with potential payment defaults, financial institutions are finding themselves compelled to tighten their management and reassess their risks. As the fourth industrial revolution and access to the banking system in Africa accelerate, such institutions’ response to the crisis and capacity to reform will be key to future success.
Relive the webinar with Dr. James Mwangi, Mayowa Kuyoro, Philippe HEIM, Titilola Shogaolu, Serigne Dioum and Eleni Giokos.