Banks in Africa

Did you know that Africa has more than 700 banks in 54 states? With around 700 banks we can only speculate of the number of branches, the information we have are not enough, but after all, we can roughly say that there are around 100 000 branches of banks in the continent. Egypt and Tanzania are countries in Africa that have the largest number of banks, and both countries have fifty different banks. All banks can be found in our database. The economy of Africa is made up of trade, agriculture, industry, etc. For Africa, it can be said that the continent is primarily rich in oil, diamonds and gold.

SWIFT-to-Bank Ratio in Africa

When browsing our banking directories, you will notice that the number of SWIFT codes is often lower than the total number of banks. This is known as the SWIFT-to-bank ratio, and it provides insight into a country’s financial infrastructure.