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Weak commodity prices are taking its toll on trade finance, says BACB CEO

The global fall in commodity prices has not only taken its toll on Africa’s major exporters over the last two years, but the slump has also been a key driver for the withdrawal of international banks out of Africa, said Paul Hartwell, chief executive at London-based British Arab Commercial Bank (BACB).

Africa ripe for Islamic finance

Africa’s development needs are greatly aligned with Islamic finance given the continent’s infrastructure deficit, paving the way for more sharia-compliant products on the continent, according to Imran Mufti, partner at Riyadh-based law firm Hogan Lovells.…

Barclays Africa: the tough sell

At the beginning of the year, tensions were running high in the head office of Barclays Africa Group (BAGL) in Johannesburg, with stories being thrown around of banking giant Barclays PLC – the multinational and systemically important bank registered in the UK – planning on pulling out of Africa.…

Exchanges give SMEs a helping hand

Roadside mechanics fixing tyres and engines, street vendors hawking telephone cards, a factory turning old tyres into luxury sandals for the world – small and medium enterprises (SMEs) are creating the productivity and jobs that Africa needs.

Following in the footsteps of dual-listed Seplat

Six years ago, a Nigerian oil and gas firm, helmed by a former trauma surgeon and cobbled together by a merger of smaller local players, took its first tentative steps in a difficult market.