Finance in Africa

This is the European Investment Bank's ninth annual report in this series, which covers Africa's banking system, financial markets, digitalisation/fintech and climate finance. It draws on the EIB Banking in Africa Survey 2024, carried out between February and March 2024. The survey covered 51 banks across sub-Saharan Africa and the report draws on evidence from the World Bank Enterprise Surveys and a range of other data sources.

About the European Investment Bank
The European Investment Bank Group is the EU bank and the world's biggest multilateral lender. We finance sustainable investment in small and medium-sized enterprises, innovation, infrastructure, and climate and environment. We have financed Europe's economic growth for six decades and are at the forefront of EU crisis response, leading the world in climate investment and backing development of the first COVID-19 vaccine. We are committed to triggering €1 trillion in investment in climate and environmental sustainability to combat climate change by the end of this decade. About 10% of all our investment is outside the European Union, where our EIB Global branch supports Europe's neighbours and global development.