The top 5 banking news stories in emerging markets this week.
1 – Equity Bank : mobile banking gets regulator’s nod
Kenya : The launch of mobile phone banking and telcom service being spearheaded by Equity Bank should be allowed to continue as there are no arguable grounds to stop it, the Communications Authority of Kenya has said. >>
2 – China has the U.S. playing catch-up in Africa
Will the next several decades signal the African continent’s arrival as an economic power?
China appears to think so, and — much to the concern of the U.S. — it has invested lots of time and money in some African countries. >>
3 – Why Africa’s future looks optimistic
Africa is at a crossroads. Over the past decade and a half, the continent has emerged as the most promising growth region, exceeding world growth by an average of two percentage points per year. >>
4 – Construction in Vietnam – Key Trends and Opportunities to 2018
Industry outlook is favorable, due to the government’s focus industrial and residential construction. Expansion in the tourism and retail sectors, coupled with investments in infrastructure projects, will support industry growth. The industry’s output is therefore expected to record a nominal CAGR of 11.43% over the forecast period. >>
5 – Banking for everyone: Africa’s next big challenge
Today in Africa only one person in 10 has access to banking services. This may be because of a lack of revenue, irregular wages or the peculiarities of a cash economy. So, while Africa’s economic development is on course, the next big challenge for the continent is getting people into the banking system. >>