Monday, March 7, 2011

Citi eyes three new Africa markets (Reuters)

JOHANNESBURG (Reuters) – Citigroup may expand into three new African countries over the next 18 months to strengthen its corporate and investment banking business on the continent, a senior executive said on Monday.
Naveed Riaz, Citigroup’s Africa CEO, told the Reuters Africa Investment Summit http://www.reuters.com/summit/AfricaInvestmentSummit11 that oil-rich Angola was unlikely to be one of those new markets.
“We are looking at expanding our geographic footprint. We are looking

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