While on a road show for US clients, Bryan Leith, chief operating officer of KPMG’s global Africa practice, sat down with Global Finance to discuss the continent’s economic prospects.
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.
What has changed in Africa in the past year? The precipitous drop in commodity prices threatened the progress made during two decades of tremendous growth, driving diversification efforts.
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 Bahamas offers investors stability, a sophisticated finance sector, educated workers and a climate that tempts tourists.
South Africa's growth is impeded by long-term constraints; still, the government deserves credit for tackling reforms.
Foreign-currency bonds offer needed resources but come with heavy risks.
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.
Shavkat Mirziyoyev, new ruler of Uzbekistan, looks likely to be just as much a hard-line autocrat as his predecessor was.
Latin American nations seeking fiscal fixes encounter a wide variety of factors beyond their control.
Regional Report: Central & Eastern Europe
Despite a host of challenges, Europe’s formerly communist countries are poised for strong, steady growth.
Serhat Yıldırım, senior vice president of digital banking at Akbank, talks about mobile banking advances in Turkey.
Egypt | Its IMF loan could ease investor concerns and end its foreign exchange shortage.
INDIA | Introduced just a year ago, “green” masala bonds—offshore rupee-denominated bonds to fund private-sector investment addressing climate change—are hot.
Indonesia | Can the much-admired former Finance Minister of Indonesia, Sri Mulyani Indrawati, bring back the magic in her second tour in the post?
Cross-Border Payments | Magic is only for fairy tales, but new technologies promise a magical transformation in cross-border payments.
Turkey | It’s way too early to determine the long-term cost to Turkish democracy and society of July’s failed coup, and it is equally tricky to assess its immediate impact on Turkish investment and business.
India | The Indian parliament’s adoption of a constitutional amendment bill has paved the way for the biggest tax reform in the $2 trillion economy’s history, as Narendra Modi’s government prepares to usher in a dramatic change in the tax regime: a single goods and services tax (GST) that subsumes all central, state and local levies.
Frontier Markets Report: Cuba
Obstacles and contradictions mar Cuba’s environment for foreign direct investment, but its market offers a wealth of opportunity.
Ethiopia actively courts and sincerely welcomes foreign direct investment, but its early stage of development presents challenges.