A total of $506 Million was generated as investment banking fees across sub-Saharan Africa in 2021, A report on investment banking performance by Refinitiv Deals Intelligence, a subsidiary of the LSEG’s (London Stock Exchange Group) Data & Analytics division, has revealed.
The just over half a billion dollars generated last year was still 8% down on the figure
recorded for 2020 and is the lowest generated as annual total fees since 2014, the Refinitiv Deals report shows.
Out of the $506 million fees raked in, the report showed that governments and their agencies accounted for 20%, those in the financial sector paid the largest (25%).
Also, the energy and power sector, technology, materials and other sectors generated 12%, 10%, 10%, and 23% respectively, Refinitiv, one of the world’s largest providers of financial markets data and infrastructure revealed.