Essential Africa - Drum Banking

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Across Africa, banks are expanding. Their returns aren’t. The costs of building networks of branches and of investing in growth mean that such returns remain in the distant future.

Source: The Economist

Drummed by sacre in Drum Banking 2 months, 2 weeks

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Africa’s bond markets: Kings of the wild frontier

INVESTORS looking for more than the paltry yields on US Treasuries might consider Côte d’Ivoire’s eurobond (as a dollar bond issued outside America is known). It was issued in 2010 ...

Source: The Economist

Drummed by sacre in Drum Banking 2 months, 2 weeks

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Rise of the African Sovereign Wealth Fund

African sovereign wealth funds are emerging to save and invest resource revenues. If efficient, they could also boost domestic growth and credit ratings. A spate of sovereign wealth funds are ...

Source: This is Africa

Drummed by Estelle in Drum Banking 4 months, 3 weeks

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Sudan finance minister says "huge" Chinese loan will stabilize economy as currency slides further

The Sudanese finance and national economy minister Ali Mahmood Abdel-Rasool disclosed that the country received a "huge" loan from China National Petroleum Corporation (CNPC).

Source: Sudan Tribune

Drummed by lily in Drum Banking (Sudan) 4 months, 4 weeks

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No end in sight to Sudan’s currency woes

The Sudanese pound continued sliding further against the U.S. dollar as traders in the black market saw no signs that the persistent shortage in foreign currency will ease anytime soon.

Source: Sudan Tribune

Drummed by Mona in Drum Banking (Sudan) 5 months, 1 week

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‘IMF wrong about Swazi economy’

The International Monetary Fund’s (IMF) latest assessment of Swaziland’s economy has been condemned by King Mswati’s government as unduly pessimistic.

Source: Business Report

Drummed by Yvette in Drum Banking (Swaziland) 6 months, 1 week

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Africa eyes Islamic finance

The inaugural Islamic Banking Summit Africa, which opened yesterday in Djibouti, saw more than 200 leaders in the international Islamic banking and finance industry engage in critical discussions that focused ...

Source: Gulf Daily News

Drummed by Yvette in Drum Banking 6 months, 2 weeks

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Strong Tanzania economy still blighted by poverty: World Bank

Tanzania's economy is well placed to extend a run of strong growth, but the government should do more to ensure the extra wealth reaches its people, most of whom are ...

Source: Reuters

Drummed by Yvette in Drum Banking (Tanzania) 6 months, 3 weeks