Africa needs strong domestic corporate banks to drive development
Friday, December 01, 2023 | 220 Views |
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Sharing insights: Viljoen PIC NYASA TIMES
Although recognised for its importance in providing financial services like cash management, payment processing, and hedging structures to a diverse clientele of small and mid-sized enterprises to large corporations, the greater impact of corporate banks is often overlooked. This is particularly true for domestic African corporate banks that play a significant role in empowering people, businesses, and communities.
While they, of course, meet the financial needs of corporate entities, these banks also help to deepen the financial development of the region, strengthening financial markets to build an environment that is more attractive to investment. Ultimately, corporate banks facilitate long-term economic growth by enhancing the ability of firms and businesses to invest in long-term and seemingly risky initiatives.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...