think: act STUDY "Inside Africa" - Roland Berger

Roland Berger Strategy Consultants
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Financial services
Encouraged by structural reforms, Africa's financial sector has
evolved over the past decade, enabling more private businesses
and consumers to borrow and lend. Morocco was one of the first to
reform and liberalize the financial industry, starting in the 1990s.
Many countries have since followed its example, and also now
require compliance with Basel Committee principles and
international transparency standards. Since 2002, Africa's banks
logged an average annual growth rate of 42% for their balance
sheets, and almost 54% for their net income 29 . Now Africa's banks
have estimated total assets of USD 1.9 trillion, giving them the
firepower necessary to jump-start economic development.
broker makes a bid at the Zimbabwe Stock
Exchange in Harare
They will need to begin by improving access to finance for the
continent's more than 400 million unbanked people, providing
them with basic financial tools such as current accounts, savings
accounts and loans through alternative, innovative channels.
Africa's banks must then channel these new deposit sources
into capital-intensive sectors such as manufacturing and infrastructure
and to the underserved small and medium-sized
businesses that can help create employment for the growing
urban populations. Then, Sub-Saharan financial institutions are
set to meet Roland Berger's expectations of growing from
USD 90 billion in 2010 to USD 390 billion in net revenues by the
end of this decade.
29) Bankscope, Roland Berger