Publication
Finance in Africa 2024: Executive Summary (PDF)
Read and download the full chapter.
What is it about?
Finance in Africa: Unlocking investment in an era of digital transformation and climate transition is a report published by the European Investment Bank’s Economics Department, providing an analysis of recent developments in the African financial sector and specific structural topics of relevance. It combines in-house research with contributions from leading market experts from commercial banks operating in the region, international finance institutions and other institutions. The report was prepared based on data available in June 2024.
Why is it important?
The Finance in Africa Report is a unique product, providing a comprehensive analysis of the African banking sector and financial markets, highlighting trends, challenges and opportunities. It addresses critical topics such as financial sector depth, the role of finance in economic development on the continent, the implications for banks of operating in a high interest rate environment, the rapid evolution of the fintech sector and the latest views of banks on private climate finance. The report is based on extensive in-house research, underpinned by a unique survey of banks in sub-Saharan Africa, and is supplemented by contributions from market experts, providing a reliable source of information for policymakers, market participants and anyone interested in financial sector issues in Africa.
Perspectives
Africa has the potential to become a catalyst for global change. With its vast landscapes, a youthful population and a wealth of untapped resources, it could be the continent that drives the global green transition of the 21st century.
Debora
Revotella
European Investment Bank
