Africa may prove to be a bright spot for an investment-banking industry that’s in the doldrums globally as expanding economies, combined with young populations and a hunger for new technology, boost equity sales, according to Citigroup.

“The role of investment banking … is to bring capital to where it’s needed and bring together savers and investors,” Miguel Azevedo, head of investment banking in the Middle and Africa, said in an interview at the World Economic Forum (WEF) meeting in Cape Town earlier in September. ..

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