COUNTRY REPORT | EGYPT
Pressure is building on Egypt’s president, Abdel Fattah al-Sisi, to deliver economic gains. Falling investment and a sharp drop in tourist arrivals have weakened growth over the past three years. But a rapid return to pre-2011 expansion levels appears unlikely.
COUNTRY REPORT | EGYPT
In this first installment of a two-part series, Global Finance identifies the top online corporate and consumer banks by country and then by region, according to product or service category.
The world’s second-largest producer of cocoa, is expected to ask the International Monetary Fund for help.
Ebenezer Essoka, a native of Cameroon, is vice chair for Africa at Standard Chartered. He sat down with Global Finance to discuss African trade and the need for African policymakers to ensure that foreign investment deals are in the best interest of all stakeholders.
COUNTRY REPORT | NIGERIA
Nigeria lacks one key element for stellar growth: a power sector commensurate with its prospects.
A struggling economy and widespread corruption are but a few of the challenges new Malawian president Peter Mutharika will face during his five-year mandate.
FINANCE & CAPITAL | TRENDS: SOVEREIGN DEBT
Nigeria’s first shariah-compliant bond, a $62 million issue by Osun state late last year, could be the start of an Islamic finance boom in Africa.
NEWSMAKERS: SOUTH AFRICA
Zuma fights back despite public dissatisfaction with his presidency.
The transport infrastructure in Africa's largest economy is still treading water.
Insuring Against Extreme Weather: Farmers and their families in five African countries will gain some financial protection against drought this growing season through a catastrophe insurance pool launched in May by African Risk Capacity (ARC).
Sub-Saharan Africa’s economic lions are pulling the continent into an unprecedented era of wealth creation and prosperity. With year-on-year growth of between 7% and 9%, Ghana, Angola, Mozambique, Zambia and Ethiopia have played a pivotal role in helping Africa’s economy triple in size since 2000.
“Bob Diamond exists to make money for Bob Diamond, whatever he says. This isn’t to help develop Africa, it’s to make money for Bob Diamond and his partners.”
In our 21st annual survey, Global Finance identifies the best banks in 150 countries and eight regions. The winners are not always the biggest banks, but rather, the best—those with the qualities that corporations should look for when choosing a bank.
ANNUAL AWARDS: HIGH-OCTANE YEAR Global investment banks will face a tremendous challenge as they strive to continue running their underwriting businesses at the elevated levels they reached in 2013. Many of the largest banks on Wall Street reaped a windfall ...
NEWSMAKERS By Efraim Chalamish When central bank governor Sanusi Lamido Sanusi announced in February that $20 billion in Nigerian oil revenues were missing from the till as a result of corruption, president Goodluck Jonathan responded promptly—by sacking Sanusi. Now not ...
Iceland’s Reykjavik Geothermal will launch a $2 billion project in July to build a power plant on an imploded volcano in Ethiopia’s Rift Valley. The plant, slated to begin operations by 2020, will have a generation capacity of 500 megawatts of electricity.
Mozambique’s future rests on monetizing reserves of coal, natural gas, titanium and other minerals.