African Banks Break $100 Billion Revenue Barrier for First Time
17:09 20.04.2026 (Updated: 18:03 20.04.2026)
© Sputnik . Svetlana Shevchenko
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African Banks Break $100 Billion Revenue Barrier for First Time
South Africa, Nigeria, Egypt, Morocco, and Kenya lead the sector, accounting for about 70% of $107 billion continental banking revenue, according to McKinsey data cited by SABC.
African banks also boast one of the world's highest profitability levels—19% return on equity in 2024, compared to the global average of 10%.
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South Africa, Nigeria, Egypt, Morocco, and Kenya lead the sector, accounting for about 70% of $107 billion continental banking revenue, according to McKinsey data cited by SABC.
African banks also boast one of the world's highest profitability levels—19% return on equity in 2024, compared to the global average of 10%.
Subscribe to @sputnik_africa
Sputnik Africa | X
