The new and stringent regulatory requirements imposed by jurisdictions such as the US and European Union on their banks have meant that these international banks are doing less business within Africa, opening up an opportunity for larger African based banks to enter new African markets. The integration process is however slow and not without its challenges, as I will elaborate on shortly. 3.
Benefits of cross-border banking  Growth in African cross-border banking has not been confined to South Africa’s four largest private banks. Banks from Nigeria, Morocco and Kenya, including banks such as Ecobank and the United Bank of Africa, have also taken advantage of emerging opportunities. The  1  United Nations World Economic Situation and Prospects 2014.