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International banks find prime hunting ground in Côte d’Ivoire
The west African state has reclaimed its status as the most attractive francophone market south of the Sahara. International banks are rushing to do business there.
Central bank drives lending bonanza for Egypt’s SMEs
Egypt’s private-sector banks have traditionally been wary of lending to SMEs, but now a combination of new technology and central bank pressure is driving some of the country’s most sophisticated lenders to take a fresh look at the segment.
Uganda: Listings outlook brightens after Cipla IPO
Cipla Quality Chemicals’ share sale is good news for Uganda’s capital markets, but is still something of a rarity. Investors have little choice when it comes to picking stocks: government borrowing remains high and puts the focus on bonds, while family-owned businesses tend to be wary of opening up to outside investment.
Africa needs international banks – and they need Africa
Absa’s efforts to establish wholesale-banking partnerships outside Africa, possibly with Barclays or Société Générale, underlines the importance of international links to African finance.
Africa improves on commodity price increases and capital access
Sub-Sahara bounces back in ECR in step with LatAm, while debt, political instability and global protectionism constrain rises elsewhere.
Ethiopia pushes its privatization agenda
Even though the banking sector remains off-limits, foreign investment in other state-owned enterprises will support infrastructure development.
Nigeria swap deal shows renminbi’s African rise
Following in the footsteps of Egypt and South Africa, Nigeria has signed up for a currency swap deal with China, but are swaps all they are cracked up to be?
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Welcome to Euromoney Africa: September 2017 – the first edition
It is almost 50 years since Euromoney was born with the wholesale international capital markets, to chronicle their evolution and that of the institutions that serve them. Today, the growth of banking and finance is now arguably at its most exciting, most important – and least exposed – in Africa.
