For example, in Finland we expect new legislation to become effective next month, which aims to curb excessive household indebtedness. The new legislation will introduce a maximum maturity of 30 years on housing loans and include certain amortisation requirements. Furthermore, non-bank lenders such as payday loan providers will be moved under the supervision of the FIN-FSA.
In my view, the continent has had a number of leaders who have mismanaged their economies and therefore contributed to the African economies to be in bondage we find ourselves today. We have had leaders who were more interested in accumulating personal wealth at the expense of their citizens.