[ad_1]
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today published the review of the Sub-Saharan Africa (SSA) for the first half of 2018.
" The most notable feature of sub-Saharan Africa's investment banking fees audited in the first half of 2018 is that investment banking fees were 12% lower than the value recorded in the first half of 2017. This year , they only reached Sneha Shah, general manager for Africa at Thomson Reuters.
She adds; Mergers and Acquisitions (M & A) expenses totaled US $ 33.7 million, a decrease 60% year-on-year and the lowest first half since 2005. On the other hand, Equity Capital Markets (ECM) underwriting fees reached $ 71.2 million. "
Rand Merch Ant Bank (RMB) continues to dominate the graph of most investment banking fees received this year in sub-Saharan Africa with a total of 27.4 million US dollars, a total of 11.4%. The RMB is also at the top of the M & A and syndicated rankings in H2 2018.
Source: Thomson Reuters
Standard Bank, also known as Stanbic, is at the top of subscription fees. CITI tops the DCT (Debt Capital Markets) sales charge with a market share of 15.7%.
In comparison, DCM's total subscription fees in sub-Saharan Africa accounted for 27% of total investment costs in Sub-Saharan Africa, the highest since 2003. Mergers and acquisitions completed and ECM generated 14% and 30% of total fees, respectively, and syndicated loan fees accounted for 30%.
Two of the three largest mergers and acquisitions transactions in the first half of 2018 took place in Nigeria, the largest (19659003) being the $ 1.1 billion US debt buyback transaction. Milost Global Inc. to acquire the entire capital of Primewaterview Holdings Nigeria Ltd.
South Africa's overseas acquisitions accounted for 74.9% of overseas M & A activity, while the acquisitions of companies located in South Africa accounted for 74.9% of M & A activity abroad. Mauritius and Zimbabwe accounted for 21.9% and 2.5% respectively.
The Ivory Coast remained the most active issuing nation in the bond product, at US $ 6.3 billion, or 26.7% of market activity, followed by South Africa and Angola.
Source link
