20 African countries with the safest banks on the continent – Finance


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Morocco, Egypt and Guinea top the countries with the safest banks in Africa and the world, according to the World Economic Forum’s recently-released Global Competitiveness Survey.

The Report, The Global Competitiveness Index, assesses the competitiveness landscape of 137 economies, providing unique insight into the drivers of their productivity and prosperity.

According to the report, only countries like Ethiopia, Senegal, Tanzania and Uganda are improving over the last decade in sub-Saharan Africa’s global competitiveness index.

The World Economic Forum (WEF) used executive opinion survey to ask how people perceive the soundness of banks in general.

The measure is purely based on the perception of the population and not on any objective economic or accounting measure.

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