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.
MOVING FORWARD IN FITS AND STARTS By Valentina Pasquali Angola is making all the right moves when it comes to attracting inter-national investment and diversifying its economy beyond oil. However, corruption and bureaucracy still present challenges for investors. Promise and ...
LOCATION: LONDON, UK Global Finance held its Best Trade Finance Banks 2014 ceremony during the BAFT global annual meeting in London in January. Corporate and financial leaders from around the world were present to accept their awards and honor other ...
Zimbabwe president Robert Mugabe is one of Africa’s last old-school dictators. But he’s proving that he may be able to change—for the better. In the decade ending in 2008, Zimbabwe’s economy shrank at an annual rate of 6.1%. Then, in 2009, the country adopted the US dollar. Since then, growth has averaged nearly 8% per year...
GOLD STANDARD By Rebecca Brace and Anita Hawser Global Finance presents the winners of its annual Best Treasury & Cash Management Providers awards. Global multinational corporates may have come out of the 2008 global financial crisis better off than the ...
STAR PERFORMERS By Anita Hawser Over the past six years transaction banking has been one of the best performers in an otherwise lackluster banking sector. Even in the midst of a global financial crisis, suppliers and salaries still need to ...