Foreign retail banks show preference for Mozambique as the location for their African operations.
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Singapore may be the leading international financial centre in south-east Asia, but Kuala Lumpur is looking to narrow the gap through becoming a regional hub for Islamic finance as well as catering for more conventional financial institutions through its Tun Razak Exchange.
The availability and connectivity of mobile phones in Africa has resulted in a hike in telecommunications investment in the continent in recent years, coupled with an explosion in innovation. But, asks Barbara Njau, is this boom sustainable?
While Johannesburg remains way out in front when it comes to African international finance centres, competition is emerging in Casablanca, Lagos and Rwanda. And though reputational issues may dog much of the continent, it would seem that South Africa will not have everything its own way in the coming years.
A diaspora has long been an invaluable source of income to those in developing countries. But channelling this capital into public projects that will benefit the country in the long term is a difficult task, and one which only a few are experiencing notable success in.
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