Emerging markets could see funds flowing back to them as central banks unwind quantitative easing and liquidity flows back to emering market assets.
The Kingdom of Morocco now allows participative finance. On January 2 the central bank, Bank Al-Maghrib, issued authorizations for five banks to begin commercializing shariah-compliant products and services.
Saudi Arabia made a splash with its $17.5 billion debut in the global bond market, which was the largest debt issuance by an emerging economy. The successful sale on October 19 was increased from an originally planned $10 billion, as ...
UK-based Barclays has reduced its shareholding in Johannesburg-listed Barclays Africa from 62.3% to 50.1% this year and is believed to be seeking to reduce that stake further to around 20%.
The prolonged downturn in oil and other commodity prices has pushed petrochemical and mining firms out of the Global Finance rankings of the best-performing companies in sub-Saharan Africa this year.