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.
Asset Management
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.
A round-up of the winning banks, investment banks, brokers and asset managers from this year's EBA's.
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