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Cover Story Banking in Nigeria 2022 Staying strong despite headwinds Editorial 5 The Chinese debt red herring News in Brief 6 Banking sector news from around the continent African Banker’s World 10 Who’s going where in the African banking industry Cover Story 16 AfCFTA could spur new banking growth 18 Banks remain solid in uncertain times 20 Oil gains fail to stem loss of forex 22 Fintechs – an increasingly visible presence 24 Interview: Sadiq Abu, CEO, Absa Nigeria Events 26 African Banker Awards 2022 In Conversation 34 Olukayode Pitan,

CEO, Nigeria’s Bank of Industry Special Focus: A Digital Africa 38 View from the Top: Cornel Dixon 40 Study shows size of digital gap for SMEs 42 Is the digital tide turning for SMEs? 44 Overcoming digitalising obstacles

46 Will Angola’s first IPO

open privatisation floodgates? 47 Egypt first in Africa and ME to list football club 48 Premier Foods could be South Africa’s next IPO 48 Nine bourses sign up to linkage project 48 Debt repayment wall looms 49 Fintech funding at record levels In Conversation 50 Adesola Adeduntan, CEO, Firstbank 54 Amol Prabhu, CEO, Barclays

South Africa & Market Head for Africa Essay 58 Abe’s ghost looks over TICAD 8 Trade and Investment 60 New boost for Arab-Africa trade The Bigger Picture 62 Banks will make or break AfCFTA Focus on Uganda 64 Banks celebrate record profits 66 Interview: Adam Mugume, Bank of Uganda 70 Stanbic Uganda targets unbanked The Last Word 74 The dream and the reality