Traditional banking hasn’t worked well in some areas of the world, including sub-Saharan Africa, where a large percentage of the population has been financially underserviced. New, innovative fintechs have been only too happy and qualified to fill the void. By expanding access, fintechs are promoting economic and social growth in the region, especially in high-tech hubs South Africa and Kenya, which are setting an example for others to follow.
Nigeria’s government-owned Bank of Industry is on a mission to “transform Nigeria’s industrial sector by providing financial and business support services to enterprises”, firmly cementing its vital role in advancing the country’s economic development. In our interview with him, Managing Director and CEO Olukayode Pitan explains how BOI is fulfilling its ambitious mandate to create more jobs and reduce poverty by providing financial support to pivotal enterprises.
Nigeria is known as the “Giant of Africa” due to its substantial population and economy to match. Its banks are constantly challenged to meet evolving needs, and one bank in particular, Keystone Bank Limited, stands out for its determination to do just that. Having recently undergone a management transition, Keystone has a fresh vision and willingness to do all it can to make its customer service dependable and convenient.