“Simply ten years in the past, the smallest financial institution in South Africa was larger than the full of the highest 5 Nigerian banks – that has modified”.
So says Nigeria’s Herbert Wigwe, CEO of Entry Financial institution, who just lately orchestrated the takeover of ailing Diamond Financial institution, creating Africa’s largest financial institution by buyer base.
We discuss in regards to the deal, and we in regards to the broader dynamics of the sector because it recovers from a tough patch after the oil worth crash.
Comply with Herbert Wigwe on twitter @HerbertOWigwe, and be part of the dialog @theafricareport
www.theafricareport.com
