Regional Banking in sub-Saharan Africa

Report date: 
17 Nov 2020

Key Takeaways

 

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  • Finding solutions from a bank with a regional footprint is a priority,
  • However most treasurers decided to rely on several  “global” banks to obtain sufficient coverage and complement solutions with smaller regional players,
  • Trapped cash remains an issue in Nigeria, Angola, Ethiopia due to lack of FX and Sudan due to regulations
  • Leveraging global relationships is useful to get FX allocation, however in some case global players are less price competitive
  • E-commerce is a key requirement but there is no real regional solution today
Contributors: 

This report is based on a Treasury Peer call chaired by Arnaud Francq

Topics covered in this report: 
Bank Relationships, Banking, Cash Repatriation, Cash Management, FX
Service providers discussed in this report: 
Citi, ABSA, Ecobank, Société Générale, Standard Bank, Standard Chartered

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