Emergence of “megacities” across Africa and rapid growth within the continent expected to bring about myriad of opportunities for banks in trade finance and mobile banking.
Merchant companies such as Google and Facebook are rapidly changing the market structure and displacing the traditional roles of banks. Are banks ready to adapt?
Jeremy Stevens, economist at South Africa’s Standard Bank Group, feels that an internationalised renminbi is one of the only permanents going forward in a volatile world.
