Paris is working on a new, and fairer way to engage with Africa, especially as it looks to expand its bilateral relationship with Nigeria - the ... biggest economy on the continent, says Franck Riester, France's minister of foreign trade and attractiveness, in an interview from Abuja
Research from McKinsey says that in South Africa and Kenya, banks have already increased loan-loss provisions by more than 200% since 2019 and so may see improved results in 2021. But McKinsey argues that banks in Nigeria may still need to further increase provisioning levels in 2021.
We spoke to local analysts who picked out possible winners in losers in each of these three markets.
South Africa’s highly regulated banking system helped it to enter the pandemic crisis with better balance sheets than was the case during the financial crisis which began in 2008, says Dudu Tembo, portfolio manager at Argon Asset Management in Cape Town.