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CHAPTER 1.3 Restructuring for Competitiveness: The Financial Services Sector in Africa’s Four Largest Economies
BibTeX
@MISC{Kasekende_chapter1.3,
author = {Louis Kasekende and African Development Bank and Kupukile Mlambo and African Development Bank},
title = {CHAPTER 1.3 Restructuring for Competitiveness: The Financial Services Sector in Africa’s Four Largest Economies},
year = {}
}
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Abstract
This chapter reviews the broad financial-sector reforms in each of the four largest economies in Africa in the context of globalization and internal factors that may have influenced their form and impact. It examines the sector’s transformation caused by the movement toward financial consolidation in large economies such as South Africa and Nigeria by way of bankwide mergers and alliances, and considers the likelihood of consolidation extending across segments of the sector given the potential synergies between the banking, securities, and insurance sectors and the impact this would have on enhancing competitive conditions in financial services. A fundamental goal of these financial-sector reforms is to enhance the competitive conditions in financial services in African economies.
Keyphrases
financial service sector largest economy competitive condition financial service potential synergy sector transformation bankwide merger broad financial-sector reform internal factor financial-sector reform african economy fundamental goal south africa large economy insurance sector financial consolidation
