Representing 43 financial institutions from 28 countries, group members meet at least once a year at annual regional group meetings. Those meetings serve as a platform for exchange of experiences among members and also provide potential members or other interested international or regional organizations to appreciate what savings banks and the WSBI stand for.
Cooperation between WSBI members in the African Regional Group ranges from contact building and exchanges of information to the development of concrete business opportunities, at bilateral or multilateral level. For example, members host training workshops for other members, delivered by WSBI[links to training page], sign business cooperation memoranda of understanding, exchange expertise and enter into reciprocal business partnerships. Training and sharing opportunities often fall alongside regional group meetings.
Tanzania Postal Bank Chief Executive Sabasaba Moshingi is the current chairman of the African Region Group. WSBI regional group presidents (RGP) are appointed for three years terms among the top management of member banks in the region. His term ends in 2018.
Why their work matters
The African continent is growing tremendously and the banking landscape is bustling with the emergence of new regional and continental actors that are competing successfully with traditional local banks. African banks are battling to expand and launch new products and distribution strategies enabling them to build market share on previously unreached market space and increase profitability.
WSBI members in Africa are addressing recent trends in the region, providing innovative services and distribution channels, improving transaction processing speeds while expanding their market share.
Collaborating and gathering for more than two decades, WSBI members in Africa have made inroads in capacity building, including ICT cooperation in East Africa. business cooperation, and advocacy. WSBI’s key role as the think-tank in the expansion of savings and retail banking services to the unbanked population has impacted positively on the recent evolution of member banks in the region.
During the September 2015 group meeting, members approved the creation of working groups focusing on the following topics: innovation finance; micro, small and medium-sized enterprises; rural finance; and financial education. The working groups serve as knowledge-sharing vehicles to deliberate on issues influencing the members’ businesses.
Facts and Figures Data through December 2014
- 36,162,459 million clients served
- Total assets: US$51 455 billion
- 7,381 outlets / branches
- 35 571 employees
The role of regional groups is to provide input for overall messages that are delivered by WSBI to G20 members, lobbying as necessary with regional partities, authorities and national regulatory bodies.
It looks to work with other organisations, including the Agence Française de Développement (AFD), Consultative Group to Assist the Poor (CGAP), the MasterCard Foundation and the Alliance for Financial Inclusion (AFI).
Knowledge sharing between Africa Regional Group members help boost their business development efforts. The group aims to promote members’ best practices, to transfer the knowledge among members, fostering regional cooperation – members helping members.
Knowledge sharing efforts aim to highlight and address areas such as digitalization, banking innovation, financial inclusion, financing MSMEsThese efforts aim to help WSBI members reach numerical commitments to the World Bank Group Universal Financial Access 2020 Programme outlined in the WSBI Marrakech Declaration and Washington Declaration.