DIVERSIFIED regional financial services group ABC Holdings (ABC) has expressed concern at the slow rollout of Covid-19 vaccines in the region, but said economic recovery prospects have been boosted by International Monetary Fund (IMF) special drawing rights allocations.
The group, which is the holding company of the African Banking Corporation group of companies trading under the brand name BancABC (or Atlas Mara) reported that its performance for the half year ended June 30, 2021 demonstrated an improvement in the economic conditions in the countries of operation compared to the same period in 2020.
“With the Covid-19 vaccine rollout in the region lagging behind the rest of the world and most countries set to miss vaccination targets, there is broad concern about the continent’s lack of access to vaccines and the consequent impact on economic growth,” ABC said in its financials for the period under
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