
Moody’s downgrades outlook for African banks to negative in 2020
Banks in Egypt, Morocco, Mauritia, and Kenya will be more resilient
Banks in Egypt, Morocco, Mauritia, and Kenya will be more resilient
Egypt was chosen among the top five banking markets in Africa in terms of growth and profitability, according to a study by management consulting firm McKinsey & Company. The McKinsey report said that Egypt, Angola, Nigeria, South Africa, and Morocco account for 68% of the continent’s total banking revenues. The report identified four archetypes among …