Africa

Forget Humphrey Bogart and Ingrid Bergman. Casablanca is carving a new identity as a financial hub, with the Casablanca Finance City (CFC) recently topping the Global Financial Centers Index in Africa.

Capital Markets | Regulation
“Nothing will make us deviate or change our course. We are not exiting our operations in any of our African markets,” declared Maria Ramos, CEO of Barclays Africa.

Discussing Africa's Middle Class with Don Hultman, head of client coverage and investment banking for Standard Bank New York

Capital Markets | Foreign Exchange
Locals as well as visitors to Zimbabwe will soon be able to walk into shops and pay for purchases in renminbi.

South Africa: After burning through two Finance ministers in 18 months—with the second having held the job for less than a week­—South Africa’s president, Jacob Zuma, moved in mid-December to restore a measure of stability to the post.

Mining and gas reserves made Mozambique a darling among foreign investors—until last year. Now the government needs to diversify.

Q+A
Richard de Roos, global head of foreign exchange, Standard Bank, says a deep understanding of client needs comes over time, with continuous engagement and constant feedback.

Burkina Faso
There’s been big change in the small country of Burkina Faso. On November 29, the West African nation of 17 million held its first free elections in almost three decades.

In the wake of falling commodities prices, Africa’s largest and oil-rich economies are now in damage-repair mode.

Nigeria’s president Muhammadu Buhari announced his new cabinet in November, appointing former banker and government official Kemi Adeosun minister of Finance.

Societe Generale and the Ecobank-Nedbank alliance, are two major players preparing for growth in African transaction banking in the next decade.

Developing countries have long sought a greater voice in running the IMF and World Bank. The rise of rival development banks gives them more options—and more leverage.

A selection of winners from Global Finance’s awards program over the past year. 

No region of the world has generated an average annual growth rate of 5.5% over the past 20 years—except Africa. In sub-Saharan Africa, GDP has expanded by 40% since 2009.

Emerging nations are replacing the Americas as the continent’s largest trading partners.         

African nations can no longer get by on mineral wealth and commodities alone—and they know it.

Global Finance unveils its annual list of the best banks globally, regionally and by country. The winners have provided the best service to clients.

Global Finance’s annual evaluation of the work of the world’s central bankers found some stellar performances, and some dismal ones. The toughest challenge for many: propping up falling prices.

African Gems | Alexandria Container and Cargo tops Global Finance’s first annual ranking of the 25 Best-Performing Companies in Africa.     

As Africa improves transport and telecommunications links, it’s creating countless opportunities for foreign direct investment.