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
-
Orange Adds Two Eco-Friendly Ships to Its Subsea Maintenance Fleet
11:58
-
Customs Confirms Cross-Border Trade Resumes After Post-Election Disruptions, Charts November Course
11:52
-
Cameroon Unveils 55 billion CFA F Drive to Bring Internet to 400 Localities
11:49
-
Netherlands to Return Looted 3,500-Year-Old Statue to Egypt
11:29
-
Malawi, Norway Sign $31.8M Grant Deal For Health and Food Security
11:21
-
DRC: Kamoa-Kakula Copper Mine to Get 50 MW from Inga II in November
10:52
-
Egypt’s Omar Maher builds AI solutions for businesses
08:35
-
Cameroon-CAR railway project makes progress after 14 years on hold
07:21
-
EY names Akuiteo tech partner for francophone Africa reorganization
07:18
-
Moroccan entrepreneur Moncef Chlouchi digitizes small business management
05:51
Tunisia to launch first fully digital hospital as part of health reform. Project includes AI diag...
Lukoil to sell all international assets to Gunvor amid U.S. sanctions Sale includes key oil stake...
With COP30 approaching, the International Renewable Energy Agency is calling for a global goal: to q...
Indian bottler VBL signs exclusive deal to test Carlsberg sales in Africa Move aims to diversify ...
Annual consumer-price inflation slowed to 11.9 % in October, the weakest reading since April,...
Fiber optic submarine cables now constitute strategic infrastructure for the global internet, transporting 99% of all traffic. An incident affecting these...
Artifact tied to 2011 unrest, spotted at Dutch art fair in 2022 Egypt has recovered over 30,000 artifacts abroad since 2014 Dutch Prime Minister...
$19.5M to boost rural reproductive health; $12.3M for food programs Aid targets cholera-hit system, drought-driven hunger affecting 5.7M people...
Kamoa-Kakula to receive 50 MW from Inga II dam starting November Full 178 MW rollout by 2027 as power grid upgrades progress Site to reach...
The Namib Erg, also known as the Namib Sand Sea, is one of the most ancient and spectacular desert landscapes on Earth. Stretching along Namibia’s...
CIGAF 2025 hosted 26+ countries to celebrate culinary diversity in Ouagadougou Event featured competitions, demos, and talks on food, culture, and...