Shipping, logistics and geography are propelling FDI on the horn of Africa.

The world’s fastest growing economy is benefiting from increased oil production and comprehensive banking reforms. However, public debt levels remain a key concern particularly with an election approaching. 

Finally, something that everyone in London seems to agree on. The UK financial community and the treasury voice their commitment to push Islamic finance forward whatever the outcome of Brexit.

Banks are used to cutthroat competition, but now some of the world’s biggest and most well-known brands are looking to stake their claim on ground long held by traditional lenders. EMEA Finance spoke with Mike Cook, senior manager at US information technology services company Cognizant, about rising competition between banks and fintech.

It’s about time. The UK sees a woman rise to the top of one of its ‘big four’ banks.

Edward Opare-Donkor and Sameul Aidoo, two industry veterans, are promoted to deputy managing directors.

Looking to generate more liquidity, the stock exchanges of seven Central and Eastern European countries have agreed to launch a joint index for their largest and most liquid stocks.

The rating agency has set Jordan’s rating at BB- with stable outlook, reflecting a strong reform agenda offset by high levels of public debt. 

Saudi Arabia has huge infrastructure plans over the next decade as the sovereign looks to shift its focus away from oil, but convincing international lenders to finance the projects is integral to the country’s ambitions. 

As the African Continental Free Trade Area (AfCFTA) gets underway, the African Export-Import Bank (Afreximbank) expects the agreement will boost trade both inside and outside the continent. We profile the bank’s efforts to promote African trade and forge partnerships internationally.

While the Sukuk market has grown this year compared to last year, there are still a number of obstacles keeping growth in check. 

The African Development Bank printed a US$2bn bond at the tightest spread to US Treasuries in the issuer’s history in September. The bond was among a flurry of financings for the continent’s issuers with money coming in from fresh sources.