The investment banks in Africa are growing at a rapid pace but there is still a major gap between Africa and the US and Europe. With this expansion come growing pains in the investment banking industry. However, this doesn't mean there isn't opportunity. You simply need to do more homework prior to making any deposit in an investment bank in Africa. A great place to begin this research is with the investment banks in Africa key terms. While these terms alone won't make you an industry expert, they provide an excellent knowledge base.
European Investment Bank in Africa
The European Investment Bank in Africa is a private banking institution that works largely behind the scenes to invest in Africa. The European Investment Bank in Africa is establishing a strong relationship with investment banks in Africa and the governments around the continent.
Standard Bank Group
The Standard Bank Group is the largest bank in South Africa and operates in 17 countries on the continent and 16 outside of Africa.
Nedbank is one of the leading investment banks in Africa. Among its goals is promoting the economic prosperity of Africa, be it through direct investment or through a cooperative effort with state-owned institutions.
Investec is an investment bank that operates in Africa, England and Australia as well as other locales. Investec's origin began in South Africa in 1974, and expanded from there to become one of the largest investment banks in the region.
UBS is one of the few truly international investment banks with a strong presence in Africa. UBS groups Africa, Europe and the Middle East into one geographical investment banking division.
Non-Banking Financial Institutions (NBFIs)
A Non-Banking Financial Institution (NBFI) is a term designated for lenders that don't operate the same as investment banks or depository institutions. These entities often purport themselves as regulated entities but in reality, there's no oversight. Be sure to ask any investment in Africa for the banking license, prior to making a deposit.