Following international banking exits across African markets, continental banks have an historic opportunity to become truly global banks in key financial centres, from London to Hong Kong. Such an expansion could mobilise funding and foster cross-border trade to Africa, yet few African banks have made this leap. Companies like Access Bank, First Bank of Nigeria and Bank of Africa are exceptions. The former recently raised $1.8 billion to expand globally with eyes on US market entry by 2026. CEOs of top African banks discuss the strategic imperative of global expansion.
Key points:
- Navigating regulatory hurdles for banking licenses and local compliance
- Correspondent banking: Can African banks really be viable alternatives to international banks?
- What business models will help African banks succeed internationally?