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
-
Togo issues tender for agricultural inputs under PROFIT project
13:12
-
Hedge Funds Bet on Wheat Price Rally Amid Middle East Crisis
13:06
-
Fortuna Mining Reports 9% Rise in Séguéla Gold Output in Q1
13:03
-
Togo rolls out new roadmap to improve policy coordination and spending efficiency
13:00
-
Nigeria Strengthens Gas Position With Rising Reserves and Ambitions
12:59
-
Witti Finances Expands Into Senegal With Kajas Microfinance Acquisition
12:11
-
Cameroon Signs Defence Agreements to Expand Local Production and Cut Imports
09:33
-
Cameroon Backs Palm Oil Expansion With New 25,000-Ton Plant
04:10
-
Cameroon’s Trade Gap With Gulf Narrows, but Energy Dependence Persists
21:02
-
Cameroon’s Frozen Fish Import Bill Surges as Local Supply Falls Short
20:41
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
MTN Ghana completes separation of mobile money into new entity Move aims to boost fintech growth ...
Speculative funds increased net long positions in wheat futures to a six-year high of 117,375 contracts. Wheat prices rose to $6.1 per...
Fortuna Mining reported 42,016 ounces of gold production in Q1 2026, up 9% year-on-year. The company maintained its annual production...
Nigeria increased gas reserves by about 5 trillion cubic feet to 215.10 Tcf in one year. Oil and condensate reserves remained broadly stable at...
World Bank approved $540 million to fund Uganda’s urban infrastructure program (UCMID II). The initiative targets 10 cities, 26...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...