The Editorial Team |

From Globalization to Localization: Ten implications

LONDON (Capital Market in Africa) – What’s behind the ongoing move from globalization to localization? Continued automation, national security concerns, nationalist political pressures, tariff walls, and diminished tax arbitrage, recovering the tacit/embedded knowledge in outsourced supply chains, the heavy carbon footprint of traded goods/services, flattening transport costs, the reduced provision of trade finance, and the tendency of aging societies to consume services. The “trade/tech war” only exacerbates this trend. 1) We think EMs – the…

Impact of African Continental Free Trade Area agreement on Africa’s Energy Sector

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JOHANNESBURG (Capital Markets in Africa): The African Continental Free Trade Area agreement (AfCFTA) will constitute the world’s largest free trade area, consolidating an integrated market of 1.3 billion consumers with a combined gross domestic product (GDP) of approximately $3.4 trillion. The objective is to realise a continent-wide single market for goods and services with free movement of business, persons and investments. The AfCFTA envisions to expand intra-African trade and intensify regional integration by successively eliminating…

Africa’s iGaming Market to See Explosive Growth in the Coming Years

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LONDON (Capital Markets in Africa) – The first iGaming business emerged sometime in the mid-1990s when a pair of young entrepreneurs merged their homegrown secure online payment solution with the allure of casino games to create the first online casino. Since then, iGaming has grown into a multi-billion dollar business, shedding many of its early issues with bad actors and flawed regulations, even breaking into markets that are too conservative for them (think of the…

Lagos Stock Rally Shows How Search for Yield Outweighs Oil Moves

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LAGOS (Capital Markets in Africa) – The best rally in Nigerian stocks since mid-2017 is underscoring how much more attention investors in Africa’s largest oil producers are paying to the quest for returns rather than worrying about the price of crude. The Nigerian Stock Exchange All Share Index edged 0.1% higher on Friday, bringing its advance this week to more than 9%. The gains, the best performance by any of the more than 90 global…

Investments / Markets Investors’ guide to 2020: Markets upbeat, but storm clouds gathering

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Despite various geopolitical and economic challenges at the beginning of 2019, markets managed to deliver very strong returns for the year. And investors will be relieved to see that equity markets look set to start 2020 on a slightly better footing, as many of these uncertainties have been addressed to some extent over 2019. However, the US-China trade war tensions have still not reached a resolution, global recession warning lights remain flashing and geopolitical risks…

South Africa Risks Becoming a ‘Forgotten Country,’ RMB CEO Says

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JOHANNESBURG (Capital Markets in Africa) – South Africa must move quickly to implement the reforms needed to salvage its status as an investment destination and breathe life into the struggling economy. “SA is rapidly becoming a forgotten country and has stopped being talked about as an investment destination,” James Formby, the chief executive officer of FirstRand Ltd.’s Rand Merchant Bank, wrote in Johannesburg-based newspaper Business Day. “It’s no longer five to midnight, it is midnight. We cannot…

Stocks Advance as Mideast Fears Ease; Gold Slides: Markets Wrap

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LONDON (Capital Markets in Africa) – Stocks rose across Europe and Asia and U.S. equity futures climbed on Thursday, extending a relief rally after America and Iran appeared to step back from a deeper military conflict. The yen and gold declined and oil steadied after a plunge. The Stoxx Europe 600 Index was on course for a third day rising as every major national benchmark increased. Contracts on the S&P 500 pointed to further gains…

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