Bank and stock market chief executives in Africa expect to record higher profit this year compared to last year, according to a recent survey by PricetwaterhouseCoopers (PwC).
Nearly nine out of every 10 Kenyan CEOs interviewed were optimistic of growth, reflecting a confidence boost that came with peaceful conclusion of the General Election.
The CEOs cited increased use of technology, favourable weather, cost cutting and regulatory reform as other crucial drivers of their performance this year. Expectations of improved performance in the financial sector also cut across Africa, the PwC report said.
#Note > “When the economy is growing, the financial sector grows even faster,”
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