The Editorial Team

S&P: Nigerian Banks Are Confronted With The Lingering Naira Depreciation

JOHANNESBURG (Capital Markets in Africa) –S&P Global Ratings today said that the increase of banks’ minimum paid up capital to Nigerian naira (NGN) 500 billion (approximately $380 million) from NGN25 billion will likely shake up the banking sector landscape and support banks’ credit loss absorption capacity. On March 28, 2024, the Central Bank of Nigeria (CBN) announced that it will give banks 24 months to strengthen their capital base by either injecting fresh equity, consolidating,…

Private capital slowdown in Africa mirrors global investment trends

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London (Capital Markets in Africa) – The African Private Capital Association – today announced the release of the 2023 African Private Capital Activity Report, the anticipated annual report providing insight into dealmaking, fundraising, exits and the key trends shaping Africa’s private capital landscape. In 2023, the global economy faced a series of interconnected shocks, including rising political tensions, increasing fragmentation in global trade, escalating interest rates and tightening monetary policies to address high inflation. Amidst volatile…

S&P: Morocco Outlook Revised To Positive On Improving Socioeconomic And Budgetary Reform Trajectory

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CASABLANCA (Capital Markets in Africa) – Morocco’s economy has proven resilient in the face of multiple shocks over the past five years, and maintained access to domestic and external financing. We believe that the continued implementation of socioeconomic and budgetary reforms will help formalize the economy further and make it more inclusive and competitive, thereby stimulating GDP growth and bringing down budget deficits, albeit gradually. The budget and current account deficits decreased more than we…

Empowering Tomorrow’s Banking Landscape: Technology, Innovation, and Sustainable Growth

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The 12th Edition Connected Banking Summit– Innovation and Excellence Awards 2024 Southern Africa scheduled to take place on 23rd of May, 2024 in Johannesburg, South Africa proudly unveils its theme: “Empowering Tomorrow’s Banking Landscape: Technology, Innovation, and Sustainable Growth”. Hosted by The International Center for Strategic Alliances (ICSA), this prestigious event returns to South Africa after the resounding success of its 8th edition, promising an unparalleled platform for industry stakeholders to explore the future of…

Value Partners Multi-Asset Insights – Kelly Chung, Chief Investment Officer

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LONDON (Capital Markets in Africa)- In China, company earnings are bottoming, and macro data are gradually improving. Separately, the country’s Two Sessions revealed economic targets that are largely in line with market expectations. Market sentiment has bottomed with a gradual U-shape recovery. Meanwhile, the strong demand for related artificial intelligence (AI) and the recovery of non-AI tech continues to be a theme in Asia, especially for the tech-heavy markets of Korea and Taiwan. China/Hong Kong…

UK food inflation marches down while caution reigns over Fed decision

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LONDON (Capital Markets in Africa)- There is set to be caution ahead during trading as eyes swivel to the Federal Reserve meeting, although falling inflation in the UK will provide some reassurance. Oil prices have ticked a little lower amid uncertainty over monetary policy while AI enthusiasm continues to give support to the tech sector. UK inflation bumps down, with relief for daily shop. With UK headline inflation taking a bigger bump down than expected…

Camco launches new technical assistance facility for REPP 2

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London, 20 March 2024: Climate and impact fund manager Camco has unveiled a new technical assistance facility (TAF) to accelerate the growth of Sub-Saharan African markets for renewable energy and energy access. Camco is developing the USD 250m REPP 2 fund to invest in the African grid of the future and the small and medium-sized enterprises (SMEs) building it. The private debt fund is structured as a blended finance vehicle to leverage public, private and…

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