Market unrest has helped Asian investors to buy AAA rated paper from Europe at best-ever prices, yet there is growing competition from around the world, reports Michael Marray.
World
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Morocco loans still strong
May 5, 2008Moroccan banks have achieved strong growth in their loan books in recent years. Bank Al-Maghrib, the central bank, reports that total credit in the banking sector grew 17.7% to Dh327,357m ($38,708m) in 2006, the last complete year for which figures are available, following on 2005’s 12.5% growth.
Reserves must be handled with care
May 5, 2008Latin America must make careful investment decisions to avoid wasting reserve accumulations on misguided projects, warns Enrique García.
Inflation casts shadow on EBRD meeting
May 5, 2008Eastern Europe’s growth spurt looks unsustainable in the light of spiralling inflation – a glum thought for the Kiev gathering.
A measure for sukuk
April 7, 2008The Libor is being used as a benchmark for the performance of sukuk but a more meaningful alternative may be needed, writes Joe DiVanna.
Nigeria’s new energy
April 7, 2008Like many of his predecessors, President Yar’Adua will be judged on his management of Nigeria’s energy sector. With this in mind, the premier will be personally overseeing his overhaul of the country’s oil and gas industries, write Eleanor Gillespie and Jon Marks.
A state of disrepair
April 7, 2008The dire state of Nigeria’s transport and power sectors are hindering the country’s growth. President Yar’Adua has made tackling the problem a priority for his administration but the sheer size of the task makes international investment crucial. By John McCarthy.
Chasing the main prize
April 7, 2008Renaissance Capital has investments all over Africa but, as deputy chief executive Andrew Cornthwaite tells Nick Kochan, its focus is firmly on Nigeria.
London calling
April 7, 2008One strategy that Nigerian banks are following to boost return on capital is setting up shop in London. Nick Kochan explores the challenges they face.
Less risk, more reward
April 7, 2008Foreign investors’ confidence in Nigeria is improving as governmental efforts to tackle corruption and bribery start to yield positive results. By Nick Kochan.