By Andrei Skvarsky. The Arab Bank for Economic Development in Africa (BADEA), an institution owned by 18 Arab countries, has acquired a stake in the multinational Eastern and Southern African Trade and Development Bank (TDB). Continue Reading
By Andrei Skvarsky. The Arab Bank for Economic Development in Africa (BADEA), an institution owned by 18 Arab countries, has acquired a stake in the multinational Eastern and Southern African Trade and Development Bank (TDB). Continue Reading
By Andrei Skvarsky. Billions of dollars’ worth of deals were clinched during Africa Investment Forum, an event in Johannesburg on November 7-9 that brought together more than 1,000 people from 53 countries, including 23 non-African states, African Development Bank (AfDB) said. Continue Reading
By Andrei Skvarsky. U.S.-based international law firm Winston & Strawn has announced two high-profile hires, recruiting two lawyers specialising in financial services as well as other industries. Continue Reading
By Andrei Skvarsky. Paxful, a US-based peer-to-peer cryptocurrency exchange, has hailed the wide-scale use of bitcoin in Kenya, which is one of the world’s top countries in terms of amounts of bitcoin holdings. Continue Reading
By Andrei Skvarsky. Renaissance Capital, a Russian investment bank specialising in emerging and frontier markets, has hired Samuel Sule from Standard Chartered Bank for a London-based job as a director in the debt capital markets (DCM) division. Continue Reading
By Andrei Skvarsky. South African startup Wala, which runs a blockchain platform for instant micro-payments, has won a $100,000 prize for “innovation in financial inclusion” from the Massachusetts Institute of Technology (MIT) and Mastercard Foundation. Continue Reading
By Andrei Skvarsky. The guests at a July 30 ceremony in Tangier celebrating Moroccan King Mohammed VI’s 19th anniversary of enthronement included the chief of the African Development Bank (AfDB), which has put more than $10bn into the Maghreb country’s economy over the past half-century. Continue Reading
By Andrei Skvarsky. Investment bank Renaissance Capital has hired Sergey Beiden, a former senior strategist at Russian electricity generator Quadra, as utilities analyst for Russia, Africa and European emerging markets. Continue Reading
By Andrei Skvarsky. Renaissance Capital, a Moscow-based privately owned investment bank focusing on emerging and frontier markets all over the world, has reported robust performance for 2017, including a year-on-year net profit increase of 43 per cent. Continue Reading
By Andrei Skvarsky. Russian investment bank Renaissance Capital has hired Ahmed Hafez as head of Middle East and North Africa (MENA) research. Continue Reading
Cryptocurrencies and blockchain, which are the “in-thing” in financial markets across the world today, will be among numerous subjects to be raised at the VII Cbonds Emerging Markets Bond Conference in London on April 19-20, organised by St Petersburg-based financial information company Cbonds. Continue Reading
About 200 financiers are expected to come together for an annual conference in London on April 19-20 to discuss anticipated developments and investment opportunities in fixed income markets in Africa, the Middle East, Latin America, Asia, Central and Eastern Europe, Ukraine, Russia, other member countries of the Commonwealth of Independent States, and the Caucasus region. Continue Reading
Blockchain will be among numerous subjects to be raised at a large-scale annual forum on emerging markets on March 9-10 that has been organised by the Students’ Union of the London School of Economics and Political Science (LSE SU). Continue Reading
By Alex Mirzaian, Crypto-Currency Researcher. Being able to weather many markets is not easy. When it’s going up it seems like a breeze on a nice sunny day. When it’s a bear market, you start to freak out and get emotional. Since the early 1900s, the stock market has done the same thing that many… Continue Reading
By David Webb, Business Consultant, Sydney, and Contributor to BizzmarkBlog.com. Over the past few years, investing in forex and crypto-currencies has become a lucrative opportunity for people with a limited budget. Unlike some traditional trading methods, these practices allow you to invest a small amount of money and yet generate an outstanding return on investment… Continue Reading
By David Webb, business consultant, Sydney, and contributor to BizzmarkBlog. Since 2008, people have kept a close eye on all cryptocurrencies, bitcoin in particular. Being the flagship of all cryptocurrencies, bitcoin has come a long way since those early days, yet it still hasn’t established itself as other trading methods have. It’s still extremely unstable,… Continue Reading
By Andrei Skvarsky. Russia’s Renaissance Capital (RenCap) has made a hire for its research team for Sub-Saharan Africa, handing responsibility for industrials and consumer sector coverage to Adedayo Ayeni, previously an analyst at an African subsidiary of Portugal’s third-largest listed bank. Continue Reading
By Andrei Skvarsky. Forty African banks took part in last week’s iteration of an annual event in Mauritius whose main purpose is to showcase an initiative by Mauritius Commercial Bank Group (MCB), East Africa’s biggest lender, to be a one-stop shop for banks by providing a regional platform for trade finance, cards outsourcing and consultancy. Continue Reading
By Andrei Skvarsky. Orange SA, a multinational telecommunications operator, has obtained licences to provide more extensive mobile financial services in Senegal, Mali, Ivory Coast and Guinea. Continue Reading
By Andrei Skvarsky. Barclays and Standard Chartered last week had their London headquarters picketed by demonstrators protesting against the two British banks’ alleged funding of a Kenyan company accused of environmental and other crimes. Continue Reading
By Andrei Skvarsky. Kenya expects about $118.5m to be immediately injected into its economy by the organisers and delegates of a planned large-scale international conference in Nairobi this week on African development. Continue Reading
A senior analyst at the FXPrimus global financial and commodities brokerage believes that the oil price, having risen by about 60 per cent since February, is likely to drop again but that in any case it will remain volatile in the foreseeable future. Continue Reading
A survey commissioned by global risk solution provider Kroll suggests that corporate fraud has continued to increase in scale across the world in 2015 and has affected three quarters of companies worldwide this year. Continue Reading
By Andrei Skvarsky. Emerging markets-focused online real estate trader Lamudi forecasts greater investment activity, including foreign investment, in the real estate sectors of emerging market countries in 2016. Continue Reading
By Andrei Skvarsky. Lamudi, a two-year-old real estate portal focusing on emerging and frontier markets, says the number of visits to it from mobile devices has surged by an average of 32.17% since 2014. Continue Reading
By Andrei Skvarsky. The economies of emerging market countries are largely driven by their rapidly growing middle classes, whose relative and increasing affluence boosts demand and hence spurs production and job creation, says online real estate trader Lamudi. Continue Reading
By Andrei Skvarsky. There is “an abundance of affordable luxury real estate on offer”, says Paul Philipp Hermann, co-founder and managing director of global online real estate trader Lamudi. Continue Reading
By Andrei Skvarsky. Online real estate dealer Lamudi says that, unlike their overpopulated counterparts in the industrialised world, megacities in emerging market countries are still on the rise and offer a gamut of opportunities for investment and other business activities. Continue Reading
By Andrei Skvarsky. Emerging market countries are growing much faster than developed ones, they have been quicker to adopt new high technology than their developed counterparts, and their populations include increasingly affluent and rapidly growing middle classes, real estate portal Lamudi says. Continue Reading