Jersey Finance Director Publishes Overview of Africa’s Banking Sector

With recent natural disasters, resurgent conflict, a growing threat of climate change, fuel inflation and food shortages, Faizal Bhana, our Director – Middle East, Africa and India, discusses the finance industry’s focus on a sustainable recovery.

In particular, Faizal focusses on the banking sector in Africa, noting the Central Bank of Nigeria’s (CBN) plans to establish the Nigerian International Financial Centre to act as an international gateway for capital and investments in West Africa, as well as Rwanda’s approach to enhance its financial services offering by launching the Kigali International Financial Centre.

This thought leadership piece evaluates how the strengthening links between banking and Environmental, Social and Governance (ESG) makes international finance centres, like Jersey, an ideal jurisdiction for high regulatory standards, cooperation and transparency.