African markets provide plenty of growth opportunities for international traders. Home to the largest free trade area in the world, a population boom ongoing in almost every country across the continent, and a burgeoning renewables industry that can provide energy security in an uncertain political environment, it is clear that Africa has a promising future. And yet many financiers are unwilling to engage with a continent that they deem as unsuited to their risk appetite.
The perception that financing African trade is too “high-risk” for lenders is, however, an oversimplification. While there are tangible risks involved, specialist banks can help to mitigate many of these risks for lenders. These institutions, with their local knowledge and track record in the region, are helping to make the continent’s markets an attractive option for international traders and investors, writes our Chief Banking Officer Damian Austin in Zawya.
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