The Editorial Team |

IMF projected real GDP in Sudan to grow by 3.3% in 2015

Khartoum, Sudan (Capital Markets in Africa): – The International Monetary Fund (IMF) projected real GDP in Sudan to grow by 3.3% in 2015 and by 3.9% in 2016, relative to a growth rate of 3.4% in 2014, and compared to growth rates of 3.9% and 4.3% in 2015 and 2016, respectively, for oil-importers in the MENA region. It estimated the country’s nominal GDP at $76.2bn in 2015 and at $76.5bn in 2016. It forecast Sudan’s annual average inflation rate at 19%…

Outlook stable on 74% of bank ratings says Fitch ratings

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London (Capital Markets in Africa):- Fitch Ratings indicated that it upgraded 10 banks globally in the first quarter of 2015, with 90% in emerging markets; while it downgraded 22 banks worldwide, with 64% in emerging economies. It indicated that there were 70 ‘negative’ outlooks on the ratings of emerging market banks in the first quarter of 2015, unchanged from the fourth quarter of 2014 and up from 57 in the third quarter and 59 in the second quarter of 2014. In…

Helios invests US$100mn in Africa Oil Corp.

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London, (Capital Markets in Africa):- Funds advised by Helios Investment Partners (“Helios”) have agreed to invest $100m for a 12.4% stake in Africa Oil Corp. (“Africa Oil” or “the Company”). Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia as well as Puntland (Somalia) through its equity interest in Africa Energy Corp. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol “AOI”….

Global speculative-grade default at a seven-year low of 1.4% in 2014

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London (Capital Markets in Africa):- Standard & Poor’s indicated that 60 corporate issuers worth $91.6bn in rated debt defaulted globally in 2014, down from 81 defaulted issuers worth $97.3bn in 2013. It noted that the number of defaults reached its lowest level since 2011 despite considerable geopolitical turmoil, the ending of the U.S. Federal Reserve’s monthly asset purchases, and the steep decline in global oil prices. Also, it added that the outstanding debt volume that defaultedwas in line with the $91.5bn average…

MENA’s M&A activity up by 9% to $8.9bn in first quarter of 2015

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Cairo, Egypt (Capital Markets in Africa):- Announced deal value in Middle East North Africa (MENA) increased from US$8.2b in Q1 2014 to US$8.9b in Q1 2015, an increase of 9%, according to EY’s Q1 MENA M&A Update. In Q1 2015, 90 deals were announced as compared with 89 deals in Q1 2014. Inbound announced deal value increased from US$0.4b in Q1 2014 to US$2.6b in Q1 2015; while domestic announced deal activity value decreased by 48% from US$1.7bn in Q1…

East African traders want barriers removed

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Kigali, Rwanda (Capital Markets in Africa):- East Africa’s private sector is pushing Rwanda and Tanzania to dismantle the remaining trade barriers according to the East African News. Importers and exporters alike say the barriers are negatively affecting the competitiveness of the Central Corridor by increasing transport costs as a result of delays. These sentiments were voiced recently at a round-table organised by Rwanda’s Ministry of East African Community Affairs about the removal of non-tariff barriers…

Trade business cycles for a universe of profit

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GLOBAL financial markets, like weather patterns, are governed by macro and micro cycles and these cycles are definable and predictable. This may come as a surprise, but each financial asset class forms part of a larger constellation, much like a constellation of planets, and can be seen to move in a similar orbital way. All asset classes closely interweave with each other and are strongly influenced by each other in a similar way that planets…

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