African Banking, The New Reality
Swift Action And A Focus On Three Imperatives Could Strengthen African Banks And Support Recovery.
By François Jurd de Girancourt, Aalind Gupta, Shikha Gupta, and Uzayr Jeenah
The sudden and severe crisis brought on by the COVID-19 pandemic has dealt a cruel blow to African countries, threatening the lives and livelihoods of millions and causing a rapid economic contraction. This has had knock-on effects for industries across the continent, including banking. Now, as companies and leaders start to look toward recovery, new analysis from McKinsey provides some optimism.
