Africa

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.    

Table Of Contents

The real question for Africa now is not so much about past economic performance but about what’s coming next.

Global Finance’s First Annual List Of Who’s Who In African Finance.

The real question for Africa now is not so much about past economic performance but about what’s coming next.

Patrick Njoroge was named governor of the Central Bank of Kenya in June, part of a broader change in leadership at the Central Bank, including a new chairman and second deputy governor.

In a conversation with Global Finance, Mark Kerns, head of investor services at Standard Bank, describes how booming interest in Africa, led by South Africa and Nigeria, is reshaping the continent’s capital markets. 

Country Report | Nigeria
Nigeria is Africa’s largest economy, but the recent slump in oil prices has halved government revenues. The new Buhari government must now ensure the country’s economic roller coaster ride does not grind to a complete halt.

Milestones | Zimbabwe
The demonetization of the Zimbabwean dollar began in June and holders of the near worthless currency have until September 30 to exchange it for US dollars.