Bloomberg Brazilian equity offerings will probably top 159 billion reais ($30.7 billion) this year, blowing past 2020 as the strongest year ever, according to Bank of America Corp (BofA). Corporate share sales already total 126 billion reais through August 30, up 40% from the same period in 2020, data compiled by Bloomberg show. Initial public offerings (IPOs) reached a record, …

Bloomberg Nigerian banks are some of the cheapest stocks in Africa, more evidence of how a shortage of dollars in the continent’s largest economy is discouraging foreign investors. Four of the five African stocks with the lowest price-earnings ratios among companies valued at $500 million or more are Nigerian lenders, data compiled by Bloomberg show: United Bank for Africa Plc, …

Bloomberg Deutsche Bank cut correspondent banking ties with Standard Bank Group Ltd’s Zimbabwean unit, dealing a body-blow to one of the few remaining international banking providers operational in the southern African nation. Stanbic Bank Zimbabwe Ltd is the latest lender to have its US dollar correspondent banking services terminated by an international bank. “Deutsche Bank were no longer able to …