The Editorial Team |

Emerging-Market ETFs See Biggest Inflow in Year as Risks Abound

LAGOS (Capital Markets in Africa) – Traders defied all the jitters over a global economic slowdown and piled into emerging-market ETFs for a 16th straight week. Investors added $3.9 billion to stock and bond ETFs across developing nations as well as those that target specific countries in the week ended Feb. 1 — the most in more than a year, according to data compiled by Bloomberg. That’s pushed up this year’s inflows to $11.8 billion….

WAEMU: Medium-term growth outlook subject to risks

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The International Monetary Fund projected real GDP growth in the economies of the West African Economic & Monetary Union (WAEMU), which consist of Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo, at more than 6% annually over the medium term. It said that achieving this growth rate is conditional on all member countries making a strong commitment to implement their fiscal consolidation and development programs, which…

Partech announces the final closing of its Partech Africa fund at EUR125mn

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Partech announces the final closing of its Partech Africa fund at €125 M ($143 M) above its hard cap and establishes East Africa presence. The Partech Africa Fund achieves a final closing at €125M, more than double the size of its first closing a year ago at €57M ($70M). Backed by a unique set of financial institutions, major corporate partners and successful entrepreneurs, Partech Africa sets out with the…

Dublin Is Bursting at the Seams, and That’s Even Before Brexit

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Conall Laverty, who raised over $1 million for his Dublin-based startup, jokes that his mother still wants to know when he’s going to get a real job — maybe at Google or one of the other technology giants scattered across the city. U.S. companies flooding into Ireland now employ, either directly or indirectly, about one in five workers in the country. Last month, Facebook Inc. and Salesforce.com Inc. unveiled plans to hire 2,500 more people…

Brexit Overshadows Review Meant to Herald U.K. Austerity’s End

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – U.K. civil servants preoccupied with Brexit are struggling to find time for the 2019 spending review, a set-piece opportunity for Prime Minister Theresa May to show that almost a decade of austerity is at an end. Officials in the Treasury are so consumed with planning for a no-deal exit from the European Union that the spending review has already lost steam, according to two people familiar with the matter who asked…

Deutsche Bank Taps Cerberus to Help Squeeze More From Cash Pile

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Deutsche Bank AG, running out of time to restore revenue growth, is getting a little help from its friends at Cerberus Capital Management. Germany’s largest bank on Friday confirmed that Cerberus, one of its top shareholders and an adviser through a separate unit, has been helping manage its cash reserves more profitably, a story reported earlier by Bloomberg. That’s already bearing fruit and could add 300 million euros ($344 million)…

EGYPT: Currency outlook dependent on capital inflows

Posted on by The Editorial Team

CAIRO (Capital Markets in Africa) – Goldman Sachs did not expect the Central Bank of Egypt’s decision to suspend the currency repatriation mechanism to make the exchange rate more volatile, despite its recent appreciation. It noted that the pound has been stable even though the majority of portfolio flows to the local bond market over the past two years have taken place outside the repatriation mechanism. It added that the depreciation pressure from the selloff…

« 1 … 394 395 396 397 398 … 1,077 »