India’s public sector lender Canara Bank has outlined plans to open its first branch in Johannesburg, South Africa, by December 2013 in an attempt to expand its overseas branch network
Banking & Finance
Chinese bank invests in African infrastructure development
China Development Bank (CDB) has invested at least US$2.4bn in African infrastructure and commercial projects
African private equity finds ‘silver lining’
While the developed world still faces years of economic stagnation and further deleveraging and mainstream emerging markets are seeing growth slowdown, many African countries are witnessing an economic renaissance, writes Moin Siddiqi
African private equity funds tops 11 per cent annual return for decade-long period
A new index of institutional-quality private equity funds in Africa posted an 11.2 per cent annualised return for the 10 years ending September 30, 2012
Serving all of Africa
Just two international companies have dominated Africa’s remittance market, but that is changing and changing fast, writes Stephen Williams