Banking
EX-INSURER MAY REFOCUS CREDIT SUISSE TOWARD ASIA | NEWSMAKERS
Newsmakers | Switzerland
Swiss giant Credit Suisse stepped out of the industry’s traditional talent pool in March when it hired Tidjane Thiam as chief executive.
Africa
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Capital Raising & Corporate Finance
MOROCCO BUILDING A DYNAMIC FINANCIAL CENTER | COUNTRY REPORT
Country Report | Morocco
With a diversified economic base and improving fundamentals, Morocco has a sound fiscal strategy and well-thought-out reform program to cut red tape and boost trade. But further reform, says the IMF, is needed.
Features
Uganda To Meet Regional Demand With Oil Refinery
Uganda, the East African country that will soon to join the league of oil producers, is set to build a refinery before its own production capacity comes online.
Economics, Policy & Regulation
A TENSE NIGERIA PUSHES BACK PRESIDENTIAL ELECTION
Milestones | Nigeria
A week before it was to take place, Nigeria’s presidential election was postponed for fear it would spark violence. The election was originally scheduled for February 14 but has been pushed back six weeks to March 28. The outcome of this delay is unclear.
Country Report
ANGOLA: SEEKING A NEW PATH
Country Report | Angola
Up until 2013, Angola's GDP, buoyed by booming oil revenues, grew by an average rate of 10.7%, reaching an all-time high of 23.2% in 2007. Now, as economic growth slows and the country’s financial coffers move from surplus to deficit, Angola is rethinking its dependence on “black gold.”
Banking
EGYPT: AN INTERVIEW WITH CIB’S CHAIRMAN
Global Finance sat down with Egyptian bank CIB’s chairman and MD, Hisham Ezz Al-Arab, to discuss its strategy during the Arab Spring and how it plans to attract a younger clientele.
Emerging & Frontier Markets
JUMBE LATEST FINANCE MINISTER TO JUMP SHIP
Newsmakers | Malawi
Friday Jumbe is set to become the latest African finance minister to swap his political ambitions to take up a senior post in a development bank.
Capital Raising & Corporate Finance
MOZAMBIQUE COMING INTO ITS OWN
Country Report | Mozambique
Mozambique is the current star in Africa’s rising inward-investment constellation. For much of the last quarter of the 20th century, Mozambique was a war zone. Today the only war on its horizon is a bidders war, as investors salivate over the opportunities this Southern African country offers.
Economics, Policy & Regulation
NIGERIA: FORTHCOMING ELECTIONS PROMPT FEAR AMONG VOTERS
<strong>Nigeria | Milestones</strong><br />
Nigerians go to the polls next month with some trepidation...
Capital Raising & Corporate Finance
SOUTH AMERICA’S TOTAL TAX RATE SURPASSES THAT OF AFRICA
<strong>Corporate Tax | Trends</strong><br />
By replacing cascading sales taxes with a value-added tax (VAT), Africa has succeeded in lowering its total tax rate to 46.6% from a peak of 72.2% in 2005.
Capital Raising & Corporate Finance
SOVEREIGN DEBT: AFRICAN BORROWERS ACTIVE AHEAD OF FED RATE MOVES
<strong>Sovereign Debt | Capital Markets</strong><br />
Governments in Africa issued a record amount of debt in international markets in 2014, taking advantage of strong investor demand and low borrowing costs ahead of the Federal Reserve’s expected rate increases this year.
Banking
Deepening Africa’s Financial Markets
<strong>Africa | Emerging Markets Regional Review</strong><br />
African economies are well on their way to transforming the region’s status from a frontier to an emerging market. The IMF predicts Africa will grow by 5.8% in 2015, up from 5.1% this year, with Chad, Côte d’Ivoire, Democratic Republic of the Congo and Mozambique projected to growth over 8%.