The Editorial Team |

Tunisian Risks to Macroeconomic Stability Increase – IMF says

TUNIS (Capital Markets in Africa) – The International Monetary Fund considered that Tunisian authorities remain committed to the implementation of urgent economic reforms to reduce the country’s macroeconomic and fiscal imbalances. It indicated that the economy showed signs of recovery, with real GDP growing by 2.5% in the first quarter of 2018, its highest level since 2014, supported by strong agricultural production and exports. Also, it noted that the current account deficit narrowed because of a…

Nigerian Banks’s Capital ratio at 3.4% under high stress scenario

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LAGOS (Capital Markets in Africa) – Moody’s Investors Service conducted a scenario analysis to measure the solvency of Nigerian banks under a base-case scenario and an alternative stress scenario during the 2018-19 period. It noted that the base-case scenario reflects its current macroeconomic forecasts for Nigeria, while the stress scenario measures the banks’ capacity to withstand high stress conditions and includes a set of assumptions for loan and asset growth and income reductions, among other…

Mali Opposition Vows More Protests After Clashing With Police

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BAMAKO (Capital Markets in Africa) – Mali’s main opposition alliance said it will continue with protests to demand peaceful and transparent elections next month after police fired teargas to disperse a rally this weekend in the capital, Bamako. At least 16 people including protesters and security staff were hurt on Saturday as opposition supporters rallied at the office of the Alliance for Democracy and Progress coalition. They were demanding better coverage of their campaigning on state…

Why African Cocoa Growers Are Having an OPEC Moment

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ACCRA (Capital Markets in Africa) – The world’s top cocoa producers have long been at the mercy of traders who set cocoa prices thousands of miles away in London and New York. Now the producers are trying to do something about it. West African neighbours Ivory Coast and Ghana, which grow about 60 percent of the world’s cocoa, have outlined wide-ranging plans to cooperate on production and marketing in hopes of gaining more influence over…

BILLIONS READY FOR INVESTMENT SAYS TOP ECONOMIST

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June 4, 2018, Harare. Hosted by Africa’s premier investment and real estate development conference producer, API Events, the ZimReal Property Investment Forum on the 13th of June is a keenly anticipated event for the local industry and regional investors said host Kfir Rusin. “We’ve received a lot of interest both from local stakeholders from both the private and public-sector, which is headlined by the Hon. July Moyo, Minister, Ministry of Local Government Public Works and…

Moroccan Potash Hopeful Wins London. Now It Has to Build Mine

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CASABLANCA (Capital Markets in Africa) – Potash developer Emmerson Plc staged a strong return on the London Stock Exchange — its shares surging 62 percent on the first day of being re-admitted as the miner set its sights on a deal with Moroccan fertilizer giant Office Cherifien des Phosphates. The Isle of Man-based Emmerson, which is building the Khemisset potash mine in northern Morocco, was re-admitted to the LSE after raising 6 million pounds ($8…

Ivory Coast President Ouattara Says He May Seek Third Term

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ABIDJAN (Capital Markets in Africa) – Ivory Coast President Alassane Ouattara may seek re-election in 2020 after the West African nation adopted a new constitution two years ago that he said allows him to extend his two terms in power. Since assuming office in 2011 after almost a decade of political instability, Ouattara repeatedly said he would step down after completing a second term, which he won in 2015. While his ruling Rally of Houphouetists for Democracy and…

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