During the 70s and the 80s, the African banking sector suffered a major liquidity and insolvency crisis. The finance practices were undoubtedly poor, and so do the supervision of counterpart risk. Though with time, the sector thoroughly improved with the introduction of more robust and resilient technologies.
But even with vast improvements in Africa’s national and local banking infrastructure, a majority of its people still found themselves deprived of using such services. As noted in an […]
