Lukanyo Mnyanda Editor: Business Day

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.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.