The European Bank for Reconstruction and Development (EBRD), a top backer of capital markets development, is debating new expansion into sub-Saharan Africa and new parts of the Middle East and raising its lending by as much as a third from some EUR9.5 billion euros ($11.7 bn), according to an interview on Reuters.
According to London Stock Exchange, there are 115 listings of companies focused on sub-Saharan African markets including 26 on the Main Market and 84 on AIM, the growth market.
Global institutional investors (“Limited Partners”/LP) have selected Sub-Saharan Africa (SSA) as the most attractive investment region for private equity, according to research from the Emerging Markets Private Equity Association (EMPEA).
The World Bank has cut its growth forecast for sub-Saharan Africa. Earlier in the year it forecast 5.2% growth overall for SSA economies in 2012, but yesterday (4 Oct) it cut this to 4.8%.