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Corporate borrowing remains high, despite fears of a pending recession. Still, post-crisis rules may be mitigating the risks.
This year, the Country Winners of the Global Finance World’s Safest Banks rankings include five new countries and 24 new winners. And three countries had two banks in a near-tie for the No. 1 spot.
Global Finance unveils its 26th annual listing of the best banks globally, regionally and in 149 countries. The winners outperformed their peers using sustainable business models and good governance, while adapting to rapid change.
Here is the list of countries that owe the most to foreign creditors in 2019. The United States leads, followed by the Euro area and the United Kingdom.
Dozens of banks attended Global Finance magazine's transaction banking award ceremony in the iconic Gherkin Building.
Prime Minister Abiy Ahmed is defying expectations, bringing peace, and reviving Ethiopia's economy.
Some African nations may face a debt crisis if their economic growth stagnates.
A revolution overthrow the country's dictator, clearing the way for political and economic reform.
Nigeria's central bank is trying to get the private sector moving.
An outsider takes over in Tunisia.
Helios Towers' IPO paves the way for expanding and upgrading its services in Africa where demand is growing rapidly.
Telecoms and local start-ups are bringing digital banking to underserved areas of the continent, often in partnership with traditional banks. But working together isn’t always easy.
South Africa and Egypt are the biggest contributors to this year’s list—but their prospects are diverging.
Africa has been waiting for the US to launch a new wave of investment. But is Washington willing to help?
From Cape Town to Cairo, digital banking is the buzzword as incumbents and newcomers vie for a young, tech-savvy population.
Phillipine Mtikitiki, general manager of the East & Central Africa Franchise for Coca-Cola and president of the American Chamber of Commerce in Kenya, talks about Africa’s “infinite promise” and investment from the US and China.
The regional economy is expanding, but a global slowdown and a continuing infrastructure deficit stand in the way of faster growth.
A revolution toppled Omar al-Bashir and now a caretaker government is trying to guide the country to democracy.
Africa is on the cusp of exponential growth.
Morocco’s central bank governor, Abdellatif Jouhari, talks about how Bank Al-Maghrib is adapting to new roles and greater inclusivity.
John Mangudya, head of Reserve Bank of Zimbabwe, describes his efforts to move the bank away from the quasi-fiscal activities that distracted it from its core mission.
Saddek Omar El Kaber, governor of the Central Bank of Libya, talks about navigating through turmoil, and the need for strong stable institutions.
Ghana has been one of Africa’s star performers, boosted by expanding oil production. But currency volatility, foreign-investor jitters and an upcoming election pose challenges.
Senegal enjoys a broad range of economic drivers, political stability and a long-range development plan designed to appeal to foreign investors.
China's rise is boosting the economies of African nations.
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