Regional integration, a painstakingly slow process across most of Africa, has started to gain momentum in east Africa, removing some obstacles for investors.
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While The Banker's Top 1000 World Banks ranking published every July gives an insightful and unique snapshot of the state of the global banking market, our ranking of those banks featuring just below the ranking gives an excellent indication of the way in which the market is heading, and which countries and regions are on the rise.
Active in 23 countries, the UK’s Tullow Oil is now targeting the African market, a policy which took a huge leap forward in January with its $1.5bn purchase of Heritage Oil’s Ugandan assets, the funds for which were raised by an accelerated bookbuild that was completed in just over a week.
Uganda's government is pinning its hopes on an expansion in the agriculture sector, a boost in exports to its neighbours and a take-off in infrastructure projects as it attempts to avoid the worst effects of the global downturn, says the country's finance minister. Writer Peter Guest
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