October-November 2008

'We didn't want this war'

'We didn't want this war'

In March, Georgia’s Prime Minister Lado Gurgenidze told emeafinance that the issue of the separatist provinces of South Ossetia and Abkhazia would be resolved “in the next few months”....

Is HSBC ready to go east?

Is HSBC ready to go east?

HSBC’s new head of international banking, Tony Mahoney, tells emeafinance’s editor Julian Evans the bank is ready for a “substantial move” into Central & Eastern Europe (CEE).

The return of distressed debt

The return of distressed debt

At the end of September, Seychelles announced it was defaulting on its US$800mn of external debt, in the first sovereign default for two years. Experts agree that more defaults are coming in EMEA sovereign and corporate debt, and some funds are poised to take advantage of distressed debt situations.

Sovereign wealth funds face the limelight

Sovereign wealth funds face the limelight

Having been caught in a blizzard of media and regulatory attention in the first half of 2008, sovereign wealth funds are taking steps to try and improve their public image, including agreeing to a voluntary code of conduct in September, reports Julian Evans.

Who's afraid of Jacob Zuma?

Who's afraid of Jacob Zuma?

Foreign investors are worried by the prospect of Jacob Zuma becoming the president of South Africa next year. But what changes is he likely to bring, and how will they affect the economy, asks Tim Cohen in Johannesburg.

Private banking goes onshore

Private banking goes onshore

As local market infrastructure strengthens in EMEA countries, private banking is increasingly going onshore. So will western offshore centres  lose out? Julian Evans reports. 

African telcos cash in on mobile payments

African telcos cash in on mobile payments

While mobile network operators have stolen the lead in the provision of mobile payment services to unbanked people in developing countries such as Africa,  their ability to provide full banking services, and get involved in remittances, may be somewhat limited. Partnering with established global banks, seeking to capitalise on unbanked regions, could be the answer, writes Liz Salecka.

Dubai real estate: trouble in paradise

Dubai real estate: trouble in paradise

The real estate projects in Dubai get ever bigger and more extravagant. But an investigation into corruption and concerns over liquidity are threatening the market’s image. Will Rankin and Julian Evans report.

African Banking Awards: The Age of Expansion

African Banking Awards: The Age of Expansion

emeafinance’s inaugural African banking awards come at a very exciting time for African banks, as banks raise large amounts of capital on domestic and foreign equity capital markets, and use it to finance aggressive regional expansion plans.