Ghana’s finance minister, Kwabena Duffuor, is focusing on maintaining the economy’s momentum. He is also at the forefront of efforts to ensure the country’s recently discovered oil riches are not squandered.
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Ghana keen to diversify while the going's good
June 30, 2011Ghana is making plenty of effort to diversify its economy. But cocoa, gold and oil will have the biggest impact on the economy in the coming years, so for now the country is reaping the benefits of high global prices for these commodities.
Petrobras eyes euro and sterling markets
June 30, 2011Brazilian oil company Petrobras is planning to take advantage of the changing world order in currency terms by reducing its reliance on the US dollar in favour of the euro and sterling markets.
Egypt's new prime minister faces up to the task ahead
June 30, 2011Egypt continues to be blighted by internal turmoil, but new prime minister Essam Sharaf says the future is bright, in spite of the challenges.
Brazil’s stock exchange plays catch up
June 30, 2011Previously reliant on their own resources or bank loans to raise capital, companies in Brazil are now recognising the benefits of listing. But it will take a while before the country's stock exchange catches up with others around the world.
Resilient Georgia set to emerge in sound economic health
June 30, 2011Georgian banks suffered in the global financial crisis, but with low banking penetration accompanied by conservative and prudent financial regulation, they appear to be on sure footing to growing profitability.
Brazil maintains Latin American dominance
June 30, 2011Latin America's banking landscape is once again headed by Brazilian lenders, who occupy the top five positions in the Top 25 Latin American banks ranking.
Steady growth in Asia-Pacific beyond China and Japan
June 30, 2011China still dominates the Asia-Pacific top 25 and there are few changes compared with last year, however, the rest of the region is showing there is steady progress being made beyond the banking giants of its most dominant country.
China’s march to the top continues
June 30, 2011With 101 banks now in the Top 1000 ranking, Chinese banks are continuing their pursuit of the leading positions in the listing. This year's results also allay some fears about the soundness of the country's banking sector.
Japanese banks show signs of recovery
June 30, 2011The past few Top 1000 rankings have been characterised by a decline in the Japanese banking sector. However, figures for this year – taken before devastating earthquake hit the north-east of the country – show a reversal in fortune for Japan's banks.