[OPINION] Banks Must Take a Leadership Role to Accelerate Positive Impacts in Africa

As Africa strives to compete in a rapidly-changing geopolitical environment, it is clear that financial institutions have a vital role to play. As banks, we need to look beyond traditional commercial indicators and deepen our understanding of the indirect impact of who and what we finance. This means thinking about the positive and negative social, economic and environmental impacts associated with our businesses. Weighing up commercial and societal impacts to make appropriate decisions – whether it be to fund a new project, enter into a business relationship, select one supplier over another or to restructure a business – should be integrated in our day-to-day business operations.


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