Egypt’s central banker, Tarek Amer explains value of trust

24 April 2025
Egypt’s central banker, Tarek Amer explains value of trust
World Bank president Jim Yong Kim sets out a radical agenda for his second term that will move it away from direct funding towards de-risking projects in Africa to make them more attractive to private capital.
A new economic plan for Sub-Saharan Africa’s largest economy may hinge on whether the government is willing to bite the bullet on currency liberalisation.
DONG Energy pushes forward with plans to add a further 5GW of offshore wind capacity to its portfolio by 2025 with major project awards in Germany.
Nigeria made a barn-storming return to the US dollar bond market when it defied expectations and shaky fundamentals to print below 8% yield on a book that almost hit US$8bn.
Romania placed its lowest yielding 10-year bond ever in early April, and the sovereign was rewarded for holding off from printing immediately after its mid-February budget.
Islamic finance volumes fell off a cliff last year, but bankers are predicting a substantial increase in activity as more sovereigns from major Islamic finance hubs are turning to the international markets.
Sovereigns in the Middle East and Africa need to diversify their funding sources to replace their lost commodity revenues, and some may turn to Islamic finance in 2017.
Slowing growth has undermined Sub-Saharan Africa’s attractiveness for banks and investors, but Mauritian banks are picking up a bigger share of a smaller business
After 12 days of intense debate world leaders succeeded in agreeing a new accord to tackle climate change.