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BEST EMERGING MARKET BANKS 2008
REGIONAL WINNER Standard Bank COUNTRY WINNER Angola BES Angola Botswana Standard Chartered Bank Botswana Cote dIvoire Ecobank Ethiopia NIB International...
Africa
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BEST GLOBAL BANKS – 2008
GLOBAL BANKS Corporate Bank JPMorgan Chase Consumer Bank HSBC Private Bank Credit Suisse Asset Management State Street Global Advisors Custody...
Emerging & Frontier Markets
Emerging Markets : Nigeria Sets Up Credit Bureau
Africa Africa's airlines are looking to tap new credit lines. The Central Bank of Nigeria issued guidelines for establishing and operating credit bureaus, in a move that will support the development of the country’s credit market by providing ...
Emerging & Frontier Markets
Emerging Markets : Crisis Starts To Bite Harder
AFRICA Manuel: Rand's slide will help the country balance its books. Johannesburg-based AngloGold Ashanti, Africa’s largest gold producer, hopes to refinance a $1 billion convertible bond before Christmas, despite current market conditions that have all but closed the ...
Emerging & Frontier Markets
Emerging Markets : Tiger Brands/South Africa – Tiger Brands Pounces In Kenya
COMPANY TO WATCH: TIGER BRANDS/SOUTH AFRICA Tiger Brands, South Africa’s biggest food producer, is expanding internationally, particularly in Africa and primarily through acquisitions. The company recently completed the purchase of a controlling interest in HACO Industries, a Kenya-based ...
Emerging & Frontier Markets
Features : An Uphill Battle
AFRICA Regional trading groups are struggling to boost intra-regional trade flows in sub-Saharan Africa. Illicit trade continues to flourish in Southern Africa, with smuggled goods totaling an estimated $50 billion a year. Fears of a global recession and a ...
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
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 : 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 ...
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 ...