Citigroup says hard-hit investment bankers pin their hopes on Africa

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 meeting in Cape Town earlier in September.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.

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Coal divestment hits South Africa | Business | M&GCoruscaKhaya Stranded assets! Divesture from coal assets, class action from victims of pollution, possibly being sued by Enviromentalists, etc. These are realities that will face investors in coal assets within 20 years. They will not make any money from this. S32 sold them a lemon! Why can SASOL buy those mines and covert coals into oil like they doing. Nonsense. Coal fired power stations still generate 85% of power worldwide and not likely to go down soon
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