Once seen as unpromising and overly risky, sub-Saharan Africa is now one of the world’s fastest growing emerging banking markets and an increasingly sought-after investment destination.
Economies are expanding rapidly on the back of soaring oil and mineral prices, while steadily increasing consumer affluence is creating fresh demand for banking services. M&A activity has been growing as groups seek to increase their strategic coverage and tap into this demand.
This flyer, prepared by PricewaterhouseCoopers' professionals from around sub-Saharan Africa, looks at the prospects for investment and development in the region. It focuses in particular on what, after South Africa, are the region’s 10 largest economies. South Africa’s economic size (more than all 10 featured countries, put together) and advanced market development would make it the subject for a separate report and is therefore not covered directly in this publication.