As investment opportunities go, banks in Africa are a good bet. Today, the growth momentum of the continent's banking sector is attracting the interest of international lenders, private equity groups and sovereign wealth funds, among others, who are looking to capitalise on the high returns on offer. With growing frequency, these investors are executing big-dollar deals to gain an all important foothold in the continent's market. This trend marks an encouraging departure from the resource-dominated investments of previous years. In a reflection of Africa's social and economic development, investment flows are becoming more diverse as new growth stories begin to emerge. For the continent's financial services sector, and its banks in particular, these developments bode well.
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