Emerging market economies face an unprecedented wall of debt, as the World Bank warned that the largest and broadest surge in credit has brought the amount outstanding to a record high.
The issuance, supported by the EBRD, will be used to refinance an existing bond and ensure smooth running of the port.
Loic Morel and Dr Sherif El Sayed Ayoub both joined the Corporation in 2019.
Armed with two decades’ experience at South Africa’s central bank, Mminele is hoping to reverse Absa’s fortunes at a challenging time.
Cédric Derras, the new head of CIB for MEA, will support a mix of European and GCC clients, as the bank works to strengthen its international network.
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