1.7 C
New York

How the liquidity crisis turned into a credit mess in Africa

Published:

Over the course of a debate at the Africa Financial Industry Summit (AFIS)* – held in Lomé on 15 and 16 November – one particular diatribe hit home. “When I go to see my banker after he bought government securities the week before, I find it difficult to interest him in my projects, or else it costs me a lot more,” said Joseph Daou, CEO of Zener, a Togolese company specialising in gas and fuel distribution.

There’s more to this story

Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Africa. Unlocked.



Subscribe Now

cancel anytime

Related articles

Recent articles