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.
Aung San Suu Kyi, Myanmar’s de facto leader and a Nobel Peace Prize winner, has a change of heart regarding US sanctions against her country.
Latin American nations seeking fiscal fixes encounter a wide variety of factors beyond their control.