A blog of the Africa Program
Many Opportunities in African Market, Citibank has More Chances of Getting Higher Income
China in Africa: Mandarin Translation of the Week
A Citibank official said that, as African investment and trade are growing exponentially, digitization and urbanization have also been bringing new opportunities, Citibank in non-revenue is expected to increase.
花旗银行负责人表示,由于非洲投资贸易、城市化和数字化带来众多机遇,花旗银行在非收入有望增长。尽管花旗银行早前表示将退出或缩小21个国家的业务, 但这其中并不涉及非洲国家。花旗银行将充分研究非洲国家的增长机遇。
This article has been translated from Mandarin. Click here to read the original version on Finance.Ifeng.com
Although Citibank earlier said it would exit or decrease its business in more than 21 different countries around the world, such action will not involve African countries. Citibank will research more in depth about the growth opportunities in African countries, in order to devote sufficient resources to ensure these countries receive enough attention.
Article translated by Yixian Fan, Scholar Intern for the Kissinger Institute on China and the United States at the Wilson Center
Photo attribution to World Bank on Flickr Creative Commons.
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Africa Program
The Africa Program works to address the most critical issues facing Africa and US-Africa relations, build mutually beneficial US-Africa relations, and enhance knowledge and understanding about Africa in the United States. The Program achieves its mission through in-depth research and analyses, public discussion, working groups, and briefings that bring together policymakers, practitioners, and subject matter experts to analyze and offer practical options for tackling key challenges in Africa and in US-Africa relations. Read more