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’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.
Global Finance’s First Annual List Of Who’s Who In African Finance.
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.
Country Report | Egypt
Egypt may be on the verge of a major turnaround, as the most populous country in the Arab world looks set for sustained growth, lower unemployment and a manufacturing renaissance under president Abdel Fattah al-Sisi.
Global Finance had a chance to interview Sim Tshabalala in April. The joint chief executive of Standard Bank Group answered questions about Africa’s growth and the substantial demand for banking services on the continent.