Africa's insurance market is poised for rapid expansion with the second-fastest growth in the world after Latin America. It is growing nearly twice as fast as North America and over three times faster than Europe. With 7% year-on-year growth, the region even outpaces Asia.
The assets under listing of the Nigerian Exchange Limited (NGX), the leading market for Exchange traded Funds (ETFs) in the West African region market rose by N20.324 billion in the first quarter (Q1) of 2021.
Africa's leading ride-hailing platform, Bolt, has launched a vehicle financing programme that will enable drivers to own a car with low equity repayment. This first-of-its-kind offering in Nigeria is part of Bolt's commitment to improving earnings for drivers while allowing them to maintain flexibility as vehicle owners.