Georgia’s TBC Bank marked a year of its debut international business expansion into Uzbekistan with major partnerships from institutional investors, with further international markets now potentially in the bank’s sights.
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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.
The World Trade Organization (WTO) has said trade will drop up to 32% this year as the pandemic wreaks economic and social disruption. However, international co-operation could be the key to avoiding a worst-case scenario.
Mass adoption of 5G in Africa is still a few years away, with very limited commercial deployment to date. Stakeholders are, however, already starting to think about how it might be rolled out, and how they might finance the infrastructure.
The CEE region is somewhat bolstered by its crisis fighting quasi-coordinator set up 12 years ago for the financial crisis. This time the working group has perhaps an even tougher assignment.