Ecobank Group Research reveals three key emerging trends for Africa
November 16, 2017
Digital innovation in Sub-Saharan Africa is being driven by the explosion in mobile phone usage, enabling African consumers to leapfrog existing business models and technologies |
LONDON, United Kingdom, November 16, 2017/ —
The first indicates an economic rebound in sub-Saharan Africa (https://goo.gl/f1PQQm) driven by a recovery in the region’s economic heavyweights, Nigeria and South Africa, and ongoing growth in the top performers, Ethiopia, Côte d’Ivoire and (more recently) Ghana.
The second emerging trend points to West Africa’s gas sector becoming a hive of activity in 2018 (https://goo.gl/L6NEkF) from Senegal to Angola, with the development of gas pipelines, floating liquefied natural gas (FLNG) platforms and major gas field projects.
The third trend suggests Fintech innovation in Africa picking up speed in 2018 (https://goo.gl/Z52dpk) buoyed by a new generation of Africans who are ‘digital natives’. The proliferation of tech hubs across Africa (notably in South Africa, Kenya, Rwanda, Nigeria, Ghana and Côte d’Ivoire) will nurture the next wave of African start-ups and help connect them with investors.
Edward George, Head of Ecobank Group Research, said: “The digital world moves apace, and so must we. The AfricaFICC website is a key way that we can deliver our regional market analysis and expert local knowledge of 41 African markets – which is often hard to access – to a much wider audience. We think these three trends are strong evidence that Africa has weathered the storms of late and is very much on track for improved growth in 2018.” The Ecobank Research Centre (https://Goo.gl/1pUKzB) is dedicated to providing the highest quality research for clients to help them navigate the complex African marketplace. Areas covered include; Economics, Banking and Financial services, Oil, Gas & Power, Soft Commodities, Trade and Digital Innovation. A team of seasoned analysts based across Ecobank’s 36-country footprint is able to draw upon on extensive local knowledge to provide insights for clients and identify investment opportunities. The insights focus on Middle Africa – the region between North Africa and the Rand Zone, which has the richest potential for growth but is poorly understood. Ecobank Research provides regular market updates, briefing notes and detailed studies on the region’s macroeconomics, currencies, fixed income, equities, commodities, trade and digital innovation. Additional information about the research team and an archive of published reports can be found at https://Goo.gl/1pUKzB. Incorporated in Lomé, Togo, in 1988 Ecobank Transnational Incorporated (‘ETI’) (www.Ecobank.com) the parent company of Ecobank is the leading independent pan-African banking group. It currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d’Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe. The Group employs over 20,000 people in 40 different countries in over 1,200 branches and offices. Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals. |
Nkemnji Global Tech
Featured
Sierra Leone:TRC Report Recommends New Constitution
Pan African Visions | January 22, 2021 6:24 am
Delay on Court trials still a challenge in Sierra Leone
Pan African Visions | January 22, 2021 6:11 am
The African Continental Free Trade Area (AfCFTA): Future of Sports and Entertainment in an Economically United Africa
Pan African Visions | January 22, 2021 4:46 am
Zambia:FQM’S CONSERVATION FARMING PROJECT WINS KUDOS FROM CHIEF MUMENA
Pan African Visions | January 22, 2021 4:21 am
Recent News
-
Sierra Leone:TRC Report Recommends New Constitution
January 22, 2021 6:24 am
-
Delay on Court trials still a challenge in Sierra Leone
January 22, 2021 6:11 am
-
Backlash as Malawi seals schools for three weeks
January 22, 2021 5:35 am
-
European Union may train Mozambican military to fight agaist terrorists in Cabo Delgado
January 22, 2021 5:22 am
-
No PPEs as Ghana re-opens schools amid surge in covid-19 cases.
January 22, 2021 5:14 am
Leave a Reply