Re-imagining banking in Africa in a post-COVID world


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Good morning! I’m happy to affix you on the ABSA Africa Banking Convention. Let me on the outset categorical my gratitude for the invite. The theme of the conference- Re-imagining Banking in Africa in a Put up COVID World– is well timed, as we mirror on the challenges and alternatives that the coronavirus (COVID-19) pandemic has dropped at the fore. I’m certain that your deliberations over the subsequent two days will illuminate the trail ahead for the African banking sector.

We meet at a important juncture and I need to set the context by highlighting three pertinent themes. First, as was highlighted by the Worldwide Financial Fund in its July 2021 World Financial Outlook, COVID-19 vaccine entry has develop into the principal fault line for world restoration from the pandemic. On one s ide are the superior economies, with entry to vaccines and who can stay up for some semblance of normalcy. On the opposite facet, are rising and creating economies together with Africa, with restricted vaccine entry and who face a steeper climb out of the pandemic valley. Nonetheless, the restoration stays unsure even within the superior economies because the virus continues to mutate and flow into elsewhere, posing a big draw back threat


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