Islamic Finance Drives New Development in Africa
Elevating Board Effectiveness in a Financial Institution Boardroom
Opportunities for Islamic finance abound across Africa, as development proceeds apace across the continent. Africa is fast becoming an important contributor to the global economy, with growth expected to be at 5.3% in 2014. However, productivity continues to be hampered by factors such as an infrastructure gap of USD48 bln per year. At the same time, low numbers of people who currently enjoy access to credit and bank accounts present an opportunity for Islamic financial institutions to capture the potential market for retail banking and small business financing across the continent.
