- published: 25 May 2011
- views: 2148
The face of investment banking has altered quite significantly over the past year. The Banker celebrates those institutions that have been most innovative in adapting their businesses to this changing environment.
CNBC Africa's Tshepho Modiba is joined by Franita Neuville, Advisory & Investment Management and Equity Market Development Lead for Africa at Thomson Reuters and we're looking at the recently released quarterly investment banking analysis for the Sub Saharan Africa region.
The 30th of March has been called the night of the long knives for others it will be the day that changed the course of South Africa's economic trajectory and history forever. It was the day the country's then Finance Minister Pravin Gordhan and his Deputy Mcebisi Jonas were fired. In this episode of the MoneyMakers, Bruce Whitfield speaks to Colin Coleman, Managing Director of Goldman Sachs International about what changed for him, the CEO Initiative's internship fund and the investment bank's value proposition.
(www.abndigital.com) Africa is undoubtedly expanding, attracting more investment; more jobs are being created; more people are being educated and technology is certainly advancing. With that, people are pulling their money out from under their mattresses and putting it into banks. In sub-Saharan Africa, local and Western banks' profits were about $2.6 billion in 2009, and that's excluding South Africa. A good sign for the potential investor, but on the other hand, the impact of regulatory developments and increasing competition could begin to reduce the number of banks.
The US just pledged $14 billion to invest in African businesses and infrastructure, while China has been doing so for years. Here's why both are betting on Africa as the next big global market. Learn More: A Brief Guide to This Week's U.S.-Africa Summit http://blogs.wsj.com/washwire/2014/08/03/a-brief-guide-to-this-weeks-u-s-africa-summit/ "President Barack Obama has invited the leaders of nearly 50 African nations for the first ever U.S.-Africa Leaders Summit in Washington, D.C. on Monday through Wednesday." 5 reasons Obama's Africa leaders' summit matters http://www.cnn.com/2014/08/04/politics/white-house-africa-summit/ "By any measure it's historic: The vast majority of Africa's leaders flying to Washington at the invite of the President, whose father was born on the contin...
(www.abndigital.com) The Thomson Reuters review of the Sub-Saharan Africa investment banking industry for the first quarter of 2011 covers the region's M&A, debt and equity capital markets. The review includes rankings of banks and advisors operating in Sub-Saharan Africa based on deal activity and fees. Joining us now for more on the report is Busisa Jiya, Investment Client Specialists Manager for the Middle East & Africa at Thompson Reuters SA.
Rony Lam, Chief Executive of MCB Capital Markets, aims at achieving premier investment banking status for the continent. Africa offers tremendous opportunities, with the current size of the bond market – worth about $ 450 billion – expected to double by 2020. MCB Capital Markets’ products and services portfolio also relate to IPOs. Differentiation as compared to major players active in the capital markets lies in importance given to collaboration with players knowing their domestic market better.
Analysts say any retreat by global investment banks from Africa will not be a long term measure. This comes amid reports that Barclays is looking to sell large parts of its assets in Africa, under plans by new CEO Jes Staley. Barclays Africa employs over 44 thousand people across the continent - but there are concerns over instability in some African countries and falling commodity prices. SABC UK correspondent Dan Whitehead reports. For more News visit: http://www.sabc.co.za/news Follow us on Twitter: https://twitter.com/SABCNewsOnline?lang=en Like us on Facebook: https://www.facebook.com/SABCNewsOnline
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Investment in Africa means jobs that don’t force people to leave their homes and families. Across Africa, approximately 15 million people have left their homes to find jobs as far away as Europe, the Gulf or the Americas. The EU bank finances businesses in Africa, creating jobs that allow workers to remain in their homes and near their families. Projects like those in Senegal featured in this film build Africa’s future by creating viable private sector companies. Visit our website: http://www.eib.org/acp Follow us on Facebook: https://www.facebook.com/EuropeanInvestmentBank Twitter: https://twitter.com/eib LinkedIn: https://www.linkedin.com/company/european-investment-bank