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Croatia: Seeking Stability

Croatia needs foreign direct investment, but it has work to do sprucing up the welcome mat. November 18, 2016 Author: Al Emid Ivana Zerec, Croatian Ministry of the Economy Like other geographic regions once under communist rule, Croatia has traveled a chaotic road to genuine statehood. Part of the Austro-Hungarian Empire before World War I, …

Solar Cost Slides To Record Low, Again

November 18, 2016 Author: Tiziana Barghini The cost of producing solar power has fallen sharply in the past five years—so much that in some cases it can be half the price, or even less, of power from conventional sources such as natural gas. Experts predict solar’s cost will fall even more. “A few years ago, …

Saudi Global Bond Sets Benchmark

November 18, 2016 Author: Gordon Platt Saudi Arabia made a splash with its $17.5 billion debut in the global bond market, which was the largest debt issuance by an emerging economy. The successful sale on October 19 was increased from an originally planned $10 billion, as orders reached $67 billion from yield-starved investors around the …

World’s Safest Banks 2016: Emerging Markets Top 50

South Korean upgrades push China’s top banks down the ranking. November 18, 2016 Author: Andrew Cunningham The safest three emerging markets banks are South Korean, following ratings upgrades by Moody’s and S&P. Korea Development Bank, Export-Import Bank of Korea and Industrial Bank of Korea now have at least one AA and one AA- rating each, …

The Levant: Rising To The Challenge of Crisis

Syria’s agony is imposing serious costs for neighbors in terms of refugees, lost trade and dampened investment. November 18, 2016 Author: Justin Keay In late September, Cyprus’ Energy minister, Yiorgos Lakkotrypis, and Egypt’s minister of mineral resources, Tarek el-Molla, signed a major agreement for transport of Cypriot natural gas to Egypt for consumption and re-export. …

Uncertain Taxes Hobble African Growth

Collection troubles and resource dependency hamper government efforts to raise revenue.  October 14, 2016 Author: Tiziana Barghini Back To Supplement Taxes often are considered a drag on economic activity, but most African countries lack so many public resources that a hike in tax revenues would largely benefit their economies. Unfortunately, despite countries’ efforts and international …

Q&A: KPMG Africa’s Bryan Leith

While on a road show for US clients, Bryan Leith, chief operating officer of KPMG’s global Africa practice, sat down with Global Finance to discuss the continent’s economic prospects.  October 14, 2016 Author: Tiziana Barghini Global Finance: With a recession in South Africa and a slowdown in several large countries such as Nigeria, is the …

25 Best-Performing Companies In Africa 2016

This year, a slump in commodities helped diversify our annual list of the best-performing companies in sub-Saharan Africa.  October 14, 2016 Author: Denise Bedell Back To Supplement The prolonged downturn in oil and other commodity prices has pushed petrochemical and mining firms out of the rankings this year. Egyptian land reclamation and agricultural development company Atlas leads …

Africa Still Growing, Despite Slump

African nations, facing low prices for many of their exports, strive to build strong economies for the long term.  October 14, 2016 Author: Andrea Fiano Back To Supplement What has changed in Africa in the past year? The precipitous drop in commodity prices in 2015–2016, alongside the economic slowdown around the world The pressure has …

Barclays Sells Down Africa Stake

Barclays slow withdrawal from Africa is tied to tougher regulations, not a weak market, but it’s still an awkward departure.  October 14, 2016 Author: Jonathan Gregson Back To Supplement UK-based Barclays has reduced its shareholding in Johannesburg-listed Barclays Africa from 62.3% to 50.1% this year and is believed to be seeking to reduce that stake further …