Latest articles from Africa

Angola faces challenges on road to reform

July 1, 2016

Post-conflict Angola is seeking to move away from its dependency on oil revenues and develop its other plentiful resources. However, the route is littered with challenges such as long-standing corruption, burgeoning red tape and social inequality, all of which are likely to hinder the government's progress. James King reports.

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Will IMF bailout bring injection of optimism to Angolan economy?

July 1, 2016

Falling oil receipts and a foreign exchange crisis have hit Angola’s economy hard. A recent Eurobond issue, a prospective IMF loan and the restructuring of state oil company Sonangol should help the government fund much-needed infrastructure improvements – but any recovery is likely to be slow and hard won. James King reports.

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Angola begins slow journey towards a non-oil economy

July 1, 2016

Angola has come through a long civil war, enjoyed a relatively brief boom period, and is now encountering a long-term slump in oil prices. This has led the government to instigate economic reform and support infrastructure improvements to draw investors to the country’s other abundant resources. James King reports.

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Angola’s banks will sink or swim over wave of consolidation and regulation

July 1, 2016

A dollar liquidity crunch amid regulatory concerns, bad loans and low oil prices have tested Angola’s banks recently. Now central bank moves to tighten rules and a wave of consolidation are shaking up the sector, resulting in survival of only the fittest. James King reports.

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Algeria’s private banks look to retail market as liquidity dries up

July 1, 2016

Private banks in Algeria have until now been highly profitable, as the energy-rich country was awash with liquidity. But a government that failed to hedge its hydrocarbon wealth against a price drop is now cutting public spending and tightening trade finance rules, driving private banks to rethink their business strategy. Richard Nield reports.

Angola’s sovereign wealth fund aims to boost non-oil investment

July 1, 2016

As part of Angola’s diversification efforts, its sovereign wealth fund is working to boost non-oil sectors of the country's economy by investing at home and abroad in diverse assets. James King reports.

Deals of the Year 2016

Deals of the Year 2016 – Africa

May 3, 2016

Just as the global markets show signs of a meaningful post-crisis recovery, major global events set things back again. But against a backdrop of tensions in Russia, a slowdown in China, the Syrian refugee crisis in Europe and the oil price hitting a historic low, a number of companies and banks have managed to churn out stellar deals. The Banker recognises them in 2016’s Deals of the Year awards.

A glimmer of light for South Africa

Is the worst over for South Africa's spluttering economy?

May 2, 2016

At first glance, South Africa is in a position of near-crisis. Its economic growth is sluggish, its government is making a series of unpopular decisions, and a severe drought is denting its agricultural output. However, the private sect seems to approve of the country's new finance minister, and the rand is showing signs of stability. So is there cause for optimism? James King investigates.

Staying ahead of the slump

South Africa's banks stay ahead of the slump

May 2, 2016

Though South Africa's economy is cooling, its banks are continuing to perform strongly. For some, growth is coming from operations elsewhere in Africa, while for others its is stemming from the domestic market. James King looks at the strategies being employed to keep the country's lenders buoyant in a slow-growth environment.

east Africa's infrastructure gap

Who will fund east Africa's infrastructure shortfall?

May 2, 2016

Although infrastructure across the continent is crying out for investment, the pro-business environment in east Africa makes the region particularly attractive for lenders. However, the challenge for both local and international banks is finding well-structured and bankable deals, as James King discovers.

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