African Banking Profits A Distant Reality

Banks across Africa are finding it hard to produce significant profit despite the coutnry's largely untapped market. This article from the economist tells us that access to a financial institution varies greatly by country, and even intra-country access to banks is highly variable. Banks need to continue to build bank branches, which are very  costly to do. Until this need is met, many Africans will have relatively little access to a bank account, and banks will also not see profits, a lose- lose situation in the short term.