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Responding to diverse demands
01 October 2006
With such a wide range of projects and sectoral opportunities in the market, Oliver O'Connell asks those active in sub-Saharan export finance what is driving demand.
"There are extreme differences from north to south, east to west. Over the last few months there has been an absolute increase in activity all over Africa, irrespective of the level of the development of countries. There is also now a tendency for there to be more projects outside of the oil and gas sector, so more diversity overall," says Myrjam Tschoeke, director of export and agency finance, sub-Saharan Africa and Algeria at Citigroup, describing present levels of activity in the market.
So what sectors are driving activity in the region? It almost goes without saying that there has been tremendous activity revolving around oil, especially oil services, in response to growing global demand and as a result of efforts being made by many African oil producers to increase local value-added activity. Telecommunications is also another strong sector across the continent as investments pour in to take advantage of the...
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