Investment Banking Income in SSA slid 19% in H1 2019
Friday, 19 July 2019 13:01
The investment banking industry in sub-Saharan Africa generated $227.3 million between January and June this year. This figure is down 19% compared to the same period in 2018, and is the lowest level in the region since 2016.
The dropping figure is the result of weak listing turnover. Listing revenues was $20.9 million over the period, narrowing by 70% compared to H1 2018. Money generated from bond arrangements also shrunk due to a weak demand by companies and sovereign issuers in sub-Saharan Africa.
Investment banking revenues in Middle-East and North Africa (MENA) reached $506.2 million in H1 2019, down 12% compared to H1 2018. With $31.6 million, South Africa’s Standard Bank is the financial intermediary that achieved highest revenues, up 8.7%. Standard Chartered Bank and U.S. Citigroup closed the top 3.
Idriss Linge
Live News
-
Côte d’Ivoire Gets $50 Million UNESCO Funding for 2026-2030 National Development Plan
18:27
-
Senegal trade climbs 19% to $23.76B in 2025 as gold, oil exports surge
17:25
-
Nigeria Misses CNG Rollout Goals as Investment Lags Targets
16:29
-
Togo Introduces Data Rollover and New Billing Rules for Mobile Users
15:41
-
Mauritania Centralizes 800 Administrative Procedures in New Digital Portal
15:36
-
Puleng Pitso - Ninety One | EAAIF: Power is the most critical enabler of digital infrastructure
15:34
-
Cameroon Seizes 2.5 Tons of Drugs in Record Bust at Douala Airport
15:12
-
PAK, AGL, Arise IIP and Belmont Launch €795M Kribi Port Industrial Zone
14:56
-
French Engineering Group Egis Exits Six Africa Units Amid Legal Dispute
04:08
-
Cameroon Completes Buyback of Eneo in a CFA78 Billion Deal with Actis
20:55
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
Nigeria opened a formal investigation into Temu over alleged violations of its 2023 data protectio...
The main point of contention between Niamey and France’s Orano concerns the uranium stock extracted ...
UNESCO allocates $50 million to Côte d'Ivoire NDP Funding supports education, culture, science, communication sectors NDP 2026-2030 targets 7.2%...
Senegal trade rose 19.4% to 13,214 billion CFA Exports jumped 51.8%, driven by gold and oil Economy grew 7.9% in 2025, IMF says Senegal's...
Nigeria misses 2025 targets under Presidential CNG Initiative About 300 centers, 40 stations built since 2023 Government aimed for 500 centers, 150...
Puleng Pitso, Investment Officer at Ninety One | Emerging Africa and Asia Infrastructure Fund (EAAIF), explains how the fund acts as the architect of...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...