Business
Africa mergers and acquisitions grew 18% to $25 billion in 2012 – Report
JP Morgan topped the Sub-Saharan Africa fee rankings for 2012, with a 10.5 percent cut of the fees while Citi and Bank of America Merrill Lynch followed in second and third positions respectively.
Mr Nichols noted that Equity Capital Markets issuance reached US$4.8 billion during 2012 to finish 15 percent down on 2011 when it was US$5.6 billion, marking the slowest year for sub-Saharan African equity capital markets activity since 2005.
Morgan Stanley topped the 2012 Sub-Saharan Africa equity capital markets ranking with 22 percent of the market.
Sub-Saharan debt issuance reached US$11.8 billion from 29 issues during 2012, a four percent decline from 2011.
Government and Agencies was the most active sector during 2012, accounting for 85 percent of the market.
Issuance from the Financials sector accounted for a third of the market.
The largest Sub-Saharan Africa bond issued during 2012 was a South African government bond worth US$1.5 billion.
Source: Africa Review
