Ladies and Gentlemen, this expansion must be done while paying attention to the users of financial services. Adequate financial literacy should be infused to both businesses and households through development of financial skills and establishment of frameworks for consumer protection. The book contains a series of indicators on access, size, and efficiency of financial services in Africa.
Today, African banking systems are stable, well-capitalized, and have good liquidity levels. However, they lack depth, because they are too dominated by banks. The transactions are mostly short-term, which is hardly conducive to business development. Financial systems also lack momentum, and penetration of the bank branches per capita is well below world averages.