Banking the unbanked isn’t possible without the right underlying architecture. In a recent workshop, BankservAfrica highlighted how various African countries are redesigning their payments systems.
Vivo Energy has completed the largest African initial public offering in the UK in more than 10 years, with a source close to the trade telling EMEA Finance that long only investors picked up the lion’s share of the deal.
Al Rayan Bank hit a number of firsts in February to become the only bank outside of a Muslim majority country to print a public Sukuk backed by residential mortgages, and the bank’s treasurer tells EMEA Finance that the deal will hopefully encourage other Islamic banks to tap the market.
Nigeria has become the first sovereign in Africa to issue a green bond, and hopes are growing that other countries will dip their toe into the region’s nascent market.
Bahrain has issued a defiant response to the downgrades of its sovereign debt by a leading credit ratings agency and the decision by the International Monetary Fund to forecast a slowdown in economic growth.