The Editorial Team |

Nigeria’s Verod Capital in Union Trustees Limited Management Buyout

Verod Capital has along with the management team of Union Trustees Limited acquired Union Trustees Limited. This is the third investment in Verod Capital’s Fund II. The company, a fully owned subsidiary of Union Bank of Nigeria is duly licensed and registered by the Securities and Exchange Commission as Trustees and Fund and Portfolio Managers. Union Trustees Limited, based in Lagos Nigeria, is well known as one of the top corporate Trustees’ and Fund Managers…

Continued Weakness in Commodity Markets May Signal Long Term Easing of Prices

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Well-supplied markets are continuing to drive down prices of commodities, across the board, says the latest issue of the World Bank’s Commodity Markets Outlook (CMO), released today. Most indices edged further down during the first quarter of 2015, with food down 7.3 percent, crude oil down 13 percent and metals down 9 percent compared to the fourth quarter of 2014. Prices are expected to stay weak for the rest of this year, with only a…

African Inflation Snapshot: March 2015

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Angola’s inflation rises to 7.87 percent: Angola’s consumer inflation edged up to 7.87 percent year-on-year in March from 7.73 percent in February, according to data from the statistics office. On a month-on-month basis, prices rose 0.63 percent after a 0.76 percent increase previously. Botswana’s CPI remains unchanged at 2.8 percent: Botswana’s consumer inflation was steady at 2.8 percent year-on-year in March from the previous month, according to data from the statistics office. Whereas inflation increased…

Despite the End of the Commodity Boom, African Countries Can Sustain Their Growth

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The World Bank Group forecasts that economic growth for African countries will slow in 2015 to 4.0 percent from 4.5 percent in 2014, a downturn which largely reflects the sharp fall in global prices for oil and other key commodities. At a seminar with African finance ministers, central bankers and their delegations during the World Bank Group Spring Meetings, the Bank’s Africa Chief Economist Francisco Ferreira explained that his 2015 forecast was below the 4.4…

Infrastructure spending in developing countries needs to double

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Spending on infrastructure in developing countries needs to double, says Trafigura, one of the world’s biggest independent commodity trading and logistics houses. In a in a white paper discussion launched at the Gordon Institute of Business Science (Gibs) on the 17th of April, the group emphasized that mitigation of financial risk is key to managing infrastructure projects. The Foundations for Growth: Infrastructure Investment in Emerging Markets paper written by London-based independent economists Llewellyn Consulting said…

East African: Rising inflation takes its toll on region’s economies……

Posted on by The Editorial Team

East African economies are experiencing rising inflation as their currencies continue to weaken against the dollar according to the East African. The Bank of Uganda has raised its benchmark lending rate for the first time since June 2014, in a bid to slow the increase in inflation. BoU Governor Emmanuel Tumusiime-Mutebile said that the depreciation of the shilling and faster real GDP growth will lead to an increase in inflation over the medium term. Uganda…

Ugandan shilling weaker on central bank liquidity injection

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KAMPALA (Reuters) – The Ugandan shilling eased on Tuesday, undermined by an injection of local currency into the market by the central bank and was seen trading with a bearish bias this week. At 0838 GMT commercial banks quoted the shilling at 3,005/3,015, weaker than Monday’s close of 3,000/3,010.”There was liquidity tightness but the central bank injected shillings which has pushed the unit lower (weaker),” said David Bagambe, trader at Diamond Trust Bank Uganda. The…

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