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Banks want to invest in power, ports, road projects

22 Nov 2011

Business Report says that South African investment banks are keen to finance road, port and power project throughout sub-Saharan Africa to replace earnings lost through a drop in merger and acquisition activities.

In South Africa this year there have been 235 takeovers valued at R107,7 billion, the lowest level since 2004 according to data compiled by Bloomberg. In 2010, 273 transactions valued at R221,8 billion were recorded.

Business Report says that investment banks are compensating for the drop in mergers and acquisitions by trying to tap into the World Bank's US$93 billion in investment that are needed to build power plants and finance road projects in Nigeria, Botswana, Zambia and Kenya over the next 10 years.

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