(Ecofin Agency) - In Sub Saharan Africa, investment banking activities generated $93.5 million in Q1, 2019, Ecofin Agency gathered from a report published by Reuters.
On a year to year basis, this represents a 24% drop. It is also the poorest performance recorded by the region on this banking segment in the past five years due to the activity slowdown on stock exchanges.
For investment banks operating in Sub Sahara Africa, stock market operations generated $11.6 million during the quarter under review; 70% less than in Q1, 2018. In the region, listings fell heavily to $1.1 billion out of which $1 billion was made of extra investments.