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Banking

African Regional Awards of Excellence

AFRICA

Best Bank: Barclays

Best Investment Bank: Standard Bank

Best Equity House: Standard Bank

Best Debt House: ABSA Capital

Best M&A House: UBS

Best at Project Finance: BNP Paribas

Best at Cash Management: Citi

Best at FX: Standard Chartered

Volatility in global markets has scared investors away from Africa. But there is still optimism about the continent’s long-term future. The factors that made it attractive – increasing stability, the introduction of market-friendly policies and growing demand for commodities, especially from Asia – are still widely present.

The IMF expects GDP growth in sub-Saharan Africa to recover to 4% in 2010, after falling to 1.5% this year from 5.4% in 2008. Those with a commitment, such as Barclays, have not forgotten the region, and still see big opportunities there.

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