Finance

Investment Banking Income in SSA slid 19% in H1 2019

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

On the same topic
CEMAC prices fall 0.4% in Q4 2025, ending five-year rise Inflation stood at 2.8%, below region’s 3% threshold Sharpest price declines recorded in...
International Finance Corporation approved a senior loan of up to €50 million ($58 million) to Société Générale Sénégal to expand financing for...
Persistent launched the $70 million Persistent Africa Climate Venture Builder Fund (Persistent ACV Fund) to finance African climate...
Fund targets office, logistics, industrial, mixed-use projects in urban hubs First investment: office development site in Casablanca’s Casa-Anfa...
Most Read
01

The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...

BCEAO Cuts Key Rate to 3.00% as WAEMU Faces Deflation
02

Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...

Ethiopia’s State-Owned Telco Teams Up With Ericsson to Expand and Upgrade Its Network
03

EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...

EIB Commits €1 Billion to Renewable Energy Under Africa’s “Mission 300” Initiative
04

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
05

Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...

Nigeria Rolls Out 1% Tax on Informal Businesses Under New Fiscal Framework
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.