The Corporation for Public Deposits (CODI) was established in March 2023 and became fully operational in April 2024. As a new entity operating within a complex financial environment, we wanted to see how CODI had been embedded in the banking industry during its first year of operation and what lessons could be learned. Read

This report highlights the crucial role of banks in driving intra-African trade, facilitating capital flows, and deepening economic integration across the continent. The study unpacks systemic and banking-specific challenges such as regulatory fragmentation, currency volatility, limited correspondent banking networks, infrastructure deficits, and stringent compliance requirements. These barriers increase the cost and risk of cross-border operations. However, within these challenges lie significant opportunities for banks that move early and strategically, particularly in trade finance, structured lending, digital payments, and SME-focused financial solutions.

We do not think of money as having an intrinsic value, more than the number printed on the face of it, but it does, it is the purchasing power of that money over time. Inflation is the enemy of money. If prices rise the value of money tomorrow, will not be the same as its value today.