On average Africans paying up to 12.4% ($25) to send $200 home, twice the global average. The fees cost Africans an estimated $1.8 billion a year, according to UK thinktank Overseas Development Institute.
By Lasitha Perera, Executive Director, Frontier Markets Fund Managers At the recent Africa Debt Capital Markets Summit (ADCM 2014) in London I had the privilege of moderating a panel focussed on Nigeria's Debt Capital Markets. I was joined by some of the key actors currently working to build deep and active debt capital markets in [...]
After a high-speed 8 weeks installation, Dar es Salaam Stock Exchange (DSE) successfully "went live" on 27 June with an integrated trading system and clearing and settlement technology supplied by South Africa's Securities and Trading Technology (STT).
Top speakers including Government leaders, policy-makers, bankers, investors and experts will debate the future of Africa's debt capital markets on Monday 30 June at the London Stock Exchange for African Debt Capital Markets ADCM 2014 conference organized by African Banker magazine.
Britain attracted £2.3bn in orders when it became the first western country to issue an Islamic sharia-compliant bond. It issued a £200m 5-year bond that shares profits based on rental income from three government-owned properties and offers a return of 2.036%.
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