The Editorial Team |

Tony Elumelu Foundation Entrepreneurship Programme

LAGOS (Capital Markets in Africa) — The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, will close applications for the Tony Elumelu Entrepreneurship Programme on its TEFConnect digital platform (www.TEFConnect.com) on March 31. This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities. To address the unique challenges arising from the pandemic, lift millions out of…

EM EMEA Bank Asset Quality to Weaken as Forbearance Is Withdrawn

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LAGOS(Capital Markets in Africa) – Emerging market (EM) banks in the Europe, Middle East and Africa (EMEA) region should see meaningful increases in reported nonperforming loan (NPL) ratios in 2021 with the expiration of moratoria and loan forbearance programmes, Fitch Ratings says. Our new report What Investors Want to Know: Loan Moratoria in Emerging EMEA outlines the extent to which these banks have utilised moratoria programmes and highlights risks to asset quality as forbearance measures are withdrawn….

Inside China: New rules for fintechs by SBR’s Jeremy Stevens

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LAGOS (Capital Markets in Africa) – Policymakers in China are bringing technology firms into alignment with national priorities to ensure that policy intent is met, fostering innovation that serves the real economy and improves wellbeing, whilst preventing financial risks though prudent regulation. The implication is that central government has made a value judgement: only innovation that serves the real economy, and doesn’t compromise financial stability, will be provided pathways to flourish. However, given a choice…

Covid-19 will end but workplace culture will never be the same

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LAGOS (Capital Markets in Africa) – The onset of Covid-19 had organisations across the globe scrambling to find solutions to the sudden and widespread shift to remote work. More than a year later, it is clear that the pandemic has permanently influenced perceptions and the employee experience of workplace culture, says Reynhardt Uys, Chief Experience Officer, Immersion Group, a global team of experience design experts. According to Uys, organisations are looking for long-term solutions to…

Time to be Small -Rupert Thompson, Chief Investment Officer at Kingswood

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LONDON (Capital Markets in Africa) – Equity markets recovered some of their mojo last week. Global equities gained 2.0%-2.5% in sterling and local currency terms respectively and are now only 0.5%-1.0% below their mid-February peak. In the US, a number of equity indices have touched new all-time highs in recent days. The S&P 500, which is the benchmark generally used by professional investors and measures the performance of the largest 500 stocks, inched above its…

The US Fed’s latest policy decision and ECB’s bond purchasing program

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Commenting on the US Fed’s latest policy decision, Toby Sturgeon, Global Head of Fiduciary Investment Services at ZEDRA, said: “Federal Reserve Chair Jerome Powell retained a dovish stance during the central bank’s latest policy decision. He reiterated that they would be carefully looking ahead to ensure there was tangible evidence the U.S. economy has fully recovered. Policymakers don’t anticipate an increase in interest rates at least until 2023. The S&P 500 rose to a record high and…

Ghana’s Long Fiscal Consolidation Plan Has Slippage Risk

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ACCRA (Capital Markets in Africa) – The slow pace of the consolidation path outlined by Ghana’s 2021 budget statement, presented on 12 March, and by the accompanying medium-term fiscal framework leaves Ghana exposed to a heavy debt-service burden and risks of fiscal slippage, says Fitch Ratings. The path is supported by new revenue measures and the gradual implementation of expenditure cuts. We indicated that our assessment of the medium-term trajectory of public debt would be…

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