As disruptive technology becomes more widespread, ever more Africans are embracing mobile banking services. According to Dr Edward George of Ecobank, we will soon reach a tipping point of mass adoption.
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.
Emaar Development priced the largest initial public offering the Dubai exchange has hosted for three years, but some are warning that the global equity markets are being driven by investors’ fear of missing out rather than faith in strong fundamentals.