Future of African Banking Discussed in Joburg

PAN-African and international banking leaders, investors and regulators recently converged in Johannesburg, South Africa to discuss new strategies for banking in sub-Saharan Africa.

The meeting was held under the auspices of the Future of Banking in Africa.

Jonathan Rosenthal, Africa Editor for The Economist, chaired the meeting supported by KPMG Access Citi and CNN.

Discussions included a number of high-level speakers: Nhlanhla Nene, South African Minister of Finance Sanjay Thakkar, Partner and UK Head of Transactions amp Restructuring, KPMG Mohamed El Kettani, Chief Executive Officer, Attijariwafa Bank Richard Gush, Chief Executive Officer – South Africa, Bank of America Laidi El Wardi, Groupe BCP Ade Ayeyemi, Chief Executive Officer -sub-Saharan Africa, Citigroup and V Shankar, Group Executive Director and Chief Executive Officer – EMEA and Americas, Standard Chartered.

“A key take out from the summit was that even though financial sectors on the African continent remain largely underdeveloped compared to other emerging market regions, Africa does enjoy certain key aantages that will enable it to equal – if not surpass -some of its emerging market counterparts in terms of financial sector development in the coming decades,” stated Rosenthal.

Source : CAJ News Agency