The Africa Financial Industry Summit-AFIS and Deloitte unveiled the third edition of their African Financial Industry Barometer, which highlighted significant progress and persistent challenges in the African financial industry. Based on an in-depth survey to be carried out in the second half of 2023, the barometer offers insights on Africa’s progression towards building a world-class financial industry. An overwhelming 95% of financial industry leaders are optimistic about the economic outlook over the next three years in spite of macroeconomic uncertainties and tensions in financial markets. Up 10 points on the last Barometer, industry leaders perceive their digital maturity has increased, propelled by open banking/insuring, which has been the key driver of digital transformation. Aristide Ouattara, Partner, Financial Industry Leader, Deloitte Francophone Africa said: “By capitalizing on pan-African opportunities and overcoming structural obstacles, the African financial industry is well positioned to play a leading role in the global economy.
