The proliferation of real time transaction banking looks unstoppable, but with the new technology comes serious concerns about flaws in the system that could end up costing banks money.
Western governments, agencies and aid agencies must do more to root out endemic corruption in both developed and developing countries, former Nigerian finance minister Ngozi Okonjo-Iweala tells EMEA Finance.
When business friendly politician Cyril Ramaphosa became South Africa’s fifth president early in 2018, hopes shot up that it would lead to greater investment into the country’s crucial metals and mining sector. Already, a spate of M&A has been announced in the region, suggesting the confidence was well placed.
Syndicated loan volumes remain low throughout CEEMEA, dominated by a few jumbo deals. However, lenders are holding their nerve, with activity picking up in Africa and Central and Eastern Europe.
The Abu Dhabi Crude Oil Pipeline caught investors’ attention with a US$3bn debut in the international bond markets that saw massive demand. The successful deal heralds a capital-intensive period for the pipeline’s parent company, which plans to deploy around US$109bn over the next five years.