McKinsey estimates across the African continent, the financial services sector is growing at 10% annually and will reach $230 billion
in 2025 (or $150 billion excluding South Africa).
Total deal value reached $6.3 billion across Africa last year as private capital becomes a more important source of funding (an increase of 48% on 2020). The burgeoning venture capital market is a major driver. 229 M&A transactions were announced across the continent last year and there is a compelling market need among our target clients.
SMEs continue to grow in size and in number, driven in part by a booming FinTech and tech start-up ecosystem. They need better access to financial services, including investment banking advisory, insurance and Forex and cash transfers.Many struggle to access capital growth . There are hundreds of thousands of registered businesses in our target markets (including Cameroon, Rwanda , Nigeria , Malawi, Kenya , Ivory Coast, Ghana etc..).
Traditional, legacy banks struggle with high costs and low productivity and often a limited proposition for SMEs.
FinTechs are disrupting the consumer market, but their reach is limited, and focus is narrow. Governance is also typically a challenge.
More on Leadership & Governance
Our governance framework is designed to uphold the highest standards of accountability, transparency, and integrity while ensuring that our decision-making processes align with our mission and values.
The Board of Directors at Citrine-Holdings consists of experienced professionals with diverse backgrounds in finance, business, and management.
Our Senior Management team is responsible for the day-to-day operations of Citrine-Holdings comprising individuals with significant industry experience.
Citrine-Holdings adheres to relevant corporate governance codes and best practices to ensure transparency and accountability.