The Editorial Team |

Credit Suisse sees consolidation in commodity markets

Lagos, Nigeria (Capital Markets in Africa) — Commodities were lower in March, largely driven by fundamental supply factors and macroeconomic headlines, according to Credit Suisse Asset Management. The Bloomberg Commodity Index Total Return performance was negative for the month, with 17 out of 22 Index constituents trading lower. Credit Suisse Asset Management observed the following: Energy was the worst performing sector, down 9.22%, as a global oversupply of crude oil continued to serve as a…

How to use Bollinger Bands when trading the markets

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EXPLOSIVE moves: everyone wants to be part of them, but how can we detect them before it’s too late? A basic indicator which is standard on most systems are Bollinger Bands. Loading this indicator for a FX pair like euro-dollar will show you the 20 day moving-average and the standard deviation of price over the same period. The standard deviation will be shown as two lines, one above and one below the current 20 day…

Reserve Bank of Malawi Keeps Policy Rate at 25% as Inflation Ease in April

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LILONGWE, Malawi, Capital Markets in Africa — Reserve Bank of Malawi Monetary Policy Committee (MPC) met on 29 April 2015 to review recent global and domestic economic developments, and decided to maintain the Policy Rate at 25 percent and Liquidity Reserve Requirement (LRR) at 15.5 percent. The Malawi real GDP growth is estimated at 5.4 percent in 2015 from the previous projection of 5.8 percent. The downward revision has been necessitated by a contraction in…

U.S. Brookstone to invest $750 mln in Ivory Coast hydro project

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Abidjan, Cote D’Ivoire (Capital Markets in Africa):- U.S. private equity firm Brookstone Partners plans to invest up to 450 billion francs CFA ($750 million) in three hydroelectric dams in Ivory Coast through its Moroccan arm Platinum Powers, a company executive said on Wednesday. Kamal Abdelhafid, engineer and strategic director of the group, told Reuters in the Ivorian commercial capital Abidjan that the projects aim to meet rising power demand in francophone West Africa’s biggest economy….

New York Pension Fund to Invest up to 3% of its assets in Africa

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London (Capital Markets in Africa):- At a conference in London last week, Vicki Fuller, the Chief Investment Officer of the New York State Common Retirement Fund, revealed that it is planning to allocate as much as 3% of its assets, (approximately $5 billion), to investing in Africa over the next 5 years. Private equity, venture capital, infrastructure and real estate opportunities all look set to benefit. With priority being given to managers with offices in African…

Gabon’s Ba3 rating balances wealth and sound public finances with risks stemming from low oil prices

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Gabon’s Ba3 rating is supported by its oil- wealth, relatively sound public finances and membership of the Franc Zone, Moody’s Investors Service says in its latest Credit Analysis for the country published recently. However, a relatively undiversified economy and the government’s reliance on oil-derived revenue are among the factors which constrain its rating. “The key challenge for Gabon’s government is to stick to its plan to diversify the economy, while maintaining sound public finances at…

Nigeria’s oil revenue drops by NGN 265bn

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The slump in the global price of crude oil has resulted in a drop of NGN 265.28bn in the revenue generated by Nigeria in the fourth quarter of 2014 when compared to what the country garnered in the preceding quarter of 2014 according to Punch Newspaper, Nigeria. Oil prices fell from over USD 100 per barrel in early 2014 to as low as USD 40 per barrel by December 2014. Over 70% of the Nigerian…

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