The Editorial Team

AfDB approves trade finance transaction guarantee facility to Banque Commerciale du Burundi

ABIDJAN (Capital Markets on Africa): The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi (Bancobu). Leveraging Bancobu’s strategic footprint in the East African nation, this instrument will provide support to Small and Medium Sized Enterprises (SMEs) and local corporates, to facilitate their import and export trade finance requirements. The Bank will provide a guarantee to Confirming Banks for the non-payment…

Africa’s potential growth hotspot and unsettling monetary environments

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LAGOS (Capital Markets in Africa) – The Q4 GDP figures suggest the rifle is cocked and the Senegalese economy is ready to shoot the lights out this year. Industry ended 2022 with a bang and the development of the hydrocarbons sector could see Senegal become Africa’s growth hotspot in 2023. Domestic political uncertainty and economic challenges abroad are the main obstacles to traverse. Elsewhere, both Namibia and Algeria are still struggling with unsettlingly high price…

Market Report: US market awaits bank earnings, Guinness maker drops Ireland

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LAGOS (Capital Markets in Africa): Guinness maker Diageo has announced plans to drop its listing in Ireland – it will also be giving up a listing in Paris. That means the drinks giant will instead be focussed on its London listing and secondary listing in New York. While the optics of the Guinness brand saying goodbye to Ireland may appear out of step, the reality is that maintaining multiple listings in different jurisdictions is complex…

Cassava Technologies pledges R4.5bn investment into the South African economy

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JOHANNESBURG (Capital Markets in Africa) – Cassava Technologies (www.CassavaTechnologies.com) has pledged a total of R4.5 billion in investment in South Africa through its business units – Liquid Intelligent Technologies, Africa Data Centres and Distributed Power Africa. The announcement was made during the fifth South Africa Investment Conference (SAIC) in support of SA President Cyril Ramaphosa’s initiative to drive investment into the country. Through this investment, Cassava, which has operations in Africa, the Middle East, Europe,…

Oxford Economics Bank Problem Webinar: Register Now

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Webinar | Bank problems dampen the global outlook, but a catastrophe remains unlikely. 17 Apr 2023 | In the latest global webinar, we review our latest economic forecasts and set out how we have adjusted them in the wake of the recent troubles in the banking system. We also assess the potential scale of downside risks were problems to build further. REGISTER NOW We will forward connection details to the email address provided as well…

Global: Recent bank problems have not derailed our outlook

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LONDON (Capital Markets in Africa): Over recent months the world economy has continued to prove more resilient than expected to the raft of shocks that it has faced over the past year or so. After a slightly better-than-initially-expected end to last year, clearer signs have emerged that Q1 should prove a pretty solid quarter for the world economy. China has rebounded more sharply than we expected a couple of months ago following the ending of…

Africa: Attempting to re-join the club

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Author’s note: Not all African countries have been able to take advantage of the African Growth and Opportunity Act (Agoa) – a programme granting duty-free access to the world’s largest consumer market, the US. The programme has seen some criticism, ranging from the perceived lack of reciprocity from African nations to the US’ unilateral suspension of African countries, and the uncertainty this creates when making long-term investment decisions. However, at least one country, Cameroon, thinks…

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