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Emerging & Frontier Markets

Emerging Markets : Disaffected Investors Turn Sights On Africa

AFRICA Kampala in Uganda, where African leaders discussed plans for growing investment. East Africa may benefit from the recent turmoil on global financial markets, as investors seek less risky and higher yielding markets. Speakers at September’s ...

Capital Raising & Corporate Finance

Corporate Finance : European Mergers Gain With Pair Of Big Deals

MERGERS & ACQUISITIONS Europe passed the United States in corporate dealmaking in August thanks to two large transactions, including a spin-off and a hostile bid. The total of US mergers and acquisitions for the year to date of $849 billion, ...

Capital Raising & Corporate Finance

Cover Story: African stepping up

AFRICAN INFRASTRUCTURE FINANCE Sub-Saharan Africa’s economic development is still constrained by a historic dearth of infrastructure investment. Private sector investors might be able to provide the hitherto missing link. Controversial development: Dams such as the Kariba on ...

Emerging & Frontier Markets

Emerging Markets : India’s Companies Continue Aggressive Acquisition Spree

INDIA Nano, no? Protests in West Bengal may derail Tata's plans to build the world's cheapest car. According to a survey by consultant KPMG, India’s companies are among the world’s most aggressive in buying companies based in ...

Emerging & Frontier Markets

Emerging Markets : Infrastructure Fund In Controversy

AFRICA Unemployment and homelessness have risen sharply in Zimbabwe. Following the controversial reelection of president Robert Mugabe in June, Zimbabwe has fallen into even greater economic chaos. Officials said annual inflation leapt to 11.2 million percent in ...

Emerging & Frontier Markets

Newsmakers : Way Cleared For Jacob Zuma To Run For President

SOUTH AFRICA Zuma: Election victory all but assured after charges are dropped. South Africa’s High Court last month dropped all corruption charges against Jacob Zuma, president of the African National Congress (ANC). Although the decision was based ...

Emerging & Frontier Markets

Emerging Markets : Zimbabwe’s Zero-Sum Game

AFRICA All change: Zimbabwe's coins have value again. With hyperinflation eroding the nation’s economy, Zimbabwe’s government is taking desperate measures. It lopped off 10 zeros from the Zimbabwe dollar, as inflation is now running at 2.2 million percent ...

Capital Raising & Corporate Finance

Features : Risky Business

CORPORATE TOOLBOX / POLITICAL RISK In recent years, political risks facing multinationals have grown more significant. Corporations are far from blameless in creating that risk, though. Heightened tensions: Multinationals in countries such as Venezuela face growing risks. With ...

Capital Raising & Corporate Finance

Corporate Finance : Here’s your converted text: Telecom Deal Helps Banks Clear Lbo Loan Backlog

MERGERS & ACQUISITIONS The agreement announced last month by Verizon Wireless to buy rural cell phone service provider Alltel for $5.9 billion in cash and $22.2 billion in debt did more than create the biggest mobile-phone company ...

Emerging & Frontier Markets

Emerging Markets : Kenya Calling

AFRICA Kenya's mobile communications industry flourishes following IPO of Safaricom. A June IPO by Kenyan mobile operator Safaricom was oversubscribed by 532%, according to Kenya’s finance minister Amos Kimunya. The government exercised a provision allowing ...

Emerging & Frontier Markets

Cover Story: The Found Continent

AFRICA Long ignored by mainstream investors and corporations, Africa has suddenly found itself in the spotlight. Its resilience in the recent credit crunch is just part of the reason. An oil worker stands on the deck of ...

Emerging & Frontier Markets

Emerging Markets : Bharti Airtel Harbors Global Ambitions

INDIA India's construction industry promises rich returns. Bharti Airtel, India’s largest wireless company, with 62 million subscribers, is in talks with MTN of South Africa to acquire between 51% and 100% of that company. The deal could potentially ...