Investors are willing to diversify into African corporate debt, despite emerging market volatility, as was proved by Goldman Sachs' $400m Tier 2 transaction for Access Bank.
View from ARC
Date: 5-7 May 2015
Location: Cape Town
Now in its 22nd year the SWIFT African Regional Conference (ARC) for 2015 is set to be another landmark event for the continent’s financial community. This year’s central theme, ‘Seizing the Opportunity’, will focus on Africa’s abundant potential, as well as the cross-border cooperation required to transform this potential into long term success.
Policy makers and industry leaders from Africa and beyond will have the opportunity to discuss key issues facing the continent’s economic development, including the evolution of securities markets, the growth of intra-African trade, the role of financial technology innovation and the development of African corporates, among others.
James King, regional editor, will cover the key themes and discussions from the African Regional Conference 2015.
Register today for free access to three articles every month and ensure you are fully up to date with all the topics discussed at ARC 2015.
African Regional Conference 2015 Videos
James King, regional editor of The Banker, speaks with Lesetja Kganyago, governor at South African Reserve Bank, during the African Regional Conference (ARC) held in Cape Town, South Africa.
- Tim Masela, head, National Payment System, South African Reserve Bank - View from ARC 2015
- Victor Kgomoeswana, African business specialist, radio host and author of 'Africa is open for Business - View from ARC 2015
- Mina Baliamoune-Lutz, professor of economics, University of North Florida, African Centre for Economic Transformation - View from ARC 2015
- Donna Oosthuyse, director:capital markets, Johannesburg Stock Exchange - View from ARC 2015
- Nerina Visser, ETF's strategist and advisor, ETF South Africa - View from ARC 2015
- Lesetja Kganyago, governor, South African Reserve Bank - View from ARC 2015
- Hugo Smit, head of Africa South, WEMEA region, SWIFT - View from ARC 2015
- Alain Raes, CEO, EMEA & APAC, SWIFT - View from ARC 2015
- Dr. Lyal White, director: centre for dynamic markets, Gordon Institute of Business Science - View from ARC 2015
- Ian Bessarabia, business development manager, SWIFT - View form ARC 2015
African banks are increasingly looking outside of their domestic markets, and many of the continent's biggest lenders are now active in multiple countries, buoyed by greater access to vast unbanked populations and a more stable political environment.
In the past three years, international equity issuance from African companies has outpaced listings on the continent. This trend looks set to continue for the time being, thanks to the small size of most African exchanges and global investors’ increasing appetite for exposure to the continent.
Financing an infrastructure project in Africa is not for the faint-hearted, but the continent is looking for alternative ways to fill the shortfall of funding available from global banks, writes Musonda Chibwe Kapotwe of Citigroup.
Eurobond issuance from sub-Saharan Africa is still dwarfed by that from elsewhere in the world. But more and more African sovereigns are tapping the market as investors clamour for exposure to the rapidly growing region, where local bond markets are also developing quickly.
Related articles by SWIFT
Africa has enjoyed more than a decade of sustained economic growth, often outstripping many other parts of the world. However, Africans are not reaping the rewards of that growth as much as they should. It will take more than the mass export of commodities to effectively facilitate the 'trickle-down' effect of wealth.
Africa’s economic rise since the beginning of the century has been impressive. The continent is one of the most buoyant regions in the world and the African Development Bank (AfDB) expects it to grow almost 5% this year.