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
-
Ghana Lowers Policy Rate by 150 Basis Points
15:53
-
Happy Pay Founder Wesley Billett Promotes Interest-Free Installment Payments
15:46
-
Kenya Seeks Singapore’s Expertise to Modernize Police and Digital Systems
15:26
-
Pancontinental Extends Namibian Offshore Permit by 12 Months
15:22
-
Stanlib Raises $295 Million for South Africa’s Green Energy Fund
15:19
-
Togo introduces new framework for forestry sector permits
14:57
-
Togo-Ghana border post at Noépé-Akanu upgraded to ease trade flows
14:46
-
Togo’s non-financial market services rise 13.6% in December
14:35
-
Nigeria open to more power exports to Togo
14:29
-
Nimvi Express Targets Last-Mile Delivery Gap in Chad
13:59
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
Kenya engages Singapore in discussions to enhance its digital transformation and public security. Talks focus on Singapore’s model for national...
Pancontinental Energy extends its PEL 87 offshore permit in Namibia by 12 months, valid until January 2027. The company must complete an...
Stanlib Asset Management raises 5 billion rand ($295 million) in the first close of its Khanyisa fund for clean energy. Fund already invests in 14...
MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals. The integration allows MoMo users to pay...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...