> ## Content Index
> Fetch the complete content index at: https://www.techloy.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Africa’s banking revenues to reach $129 billion by 2022
- URL: https://www.techloy.com/africas-banking-revenues-to-reach-129-billion-by-2022/
- Published: 2020-02-27T00:00:00.000Z
- Updated: 2022-11-17T17:56:04.000Z
- Author: Techloy
- Tags: / Insights, Chartbox

In an earlier **Techloy* infographic, we [highlighted the largest retail banking markets in Africa](https://www.techloy.com/africas-top-three-retail-banking-markets-will-account-for-50-of-revenue-growth-by-2022/), with South Africa expected to account for $4 billion in absolute retail revenue growth, by 2022, while other leading growth markets will include Egypt, Nigeria, Morocco, Ghana, and Kenya.

In this chart, we examine Africa’s banking revenues, which are expected to reach $129 billion (before risk cost) by 2022 from $86 billion in 2017, representing an annual growth rate of 8.5%, according to a 2018 [report by McKinsey&Company](https://www.mckinsey.com/industries/financial-services/our-insights/african-retail-bankings-next-growth-frontier).

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2022/11/1_4zEqNKhLcImsxHgBUSDK0g.png)

Chart by [Loy Okezie](https://www.techloy.com/author/loy/) / [Techloy.com](https://techloy.com/)