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In depth

Banking Africa

Banking Africa

Shaken by a tough pandemic, accelerating digitalisation plans, and spotting the precious green shoots of recovery: Our ranking of Africa's top 200 banks is a snapshot of a continent re-inventing business models and scrabbling around for fresh financing after a season of tightened belts.

A woman walks past an advertising poster for MTN telecommunication company along a street in Lagos

Nigeria: MTN and Airtel furious at being locked out of mobile money market

After years of uncertainties, Nigeria's Central Bank finally gave the green light to mobile phone companies to offer mobile money services. However, the licence was issued to only two of the four biggest telecom operators in Nigeria - the domestic players, not the foreign-owned ones. The Africa Report has learnt that MTN and Airtel have been making tremendous efforts to get the regulator on their side, but to no avail. Why is the CBN keeping them out, and what is at stake for the players? What does this say about Nigeria as a destination for Foreign Direct Investment? 

Top 200 African Banks: Morocco’s Attijariwafa shows its digital agility

Five years ago, Attijariwafa Bank (AWB), the leading bank in Morocco, set the tone: the group’s ambition was to position itself as ‘the top customer-­centred bank, focused on satisfying the needs of its clients [by] taking advantage of new technologies linked to digitalisation’. With 27 major programmes and 105 projects, its strategic plan ‘Energies 2020’ put the emphasis on digital technologies.