“Many sectors and products have for a long time been overlooked in favour of fintech which has dominated the headlines but now, investors are searching for what’s next,” notes Ochola. Since 2015, fintech has been the continent’s top sector in terms of the number of deals and volume ...
The industry experienced substantial consolidation and concentration, with the share of total assets of local branches of foreign banks, other banks, and five large banks (Standard bank, First National Bank, ABSA, Nedbank and Capitec) accounting for 5.8%, 3.7%, and 90.5%, respectively, by 2019...