The Editorial Team |

South Africa Inflation at 17-Month Low Shows End to Rate Hikes

JOHANNESBURG (Capital Markets in Africa) – South Africa’s inflation rate fell within the central bank’s target band in April for the first time in eight months, reinforcing chances that the rate-increase cycle may have come to an end. Consumer-price inflation eased to 5.3 percent from 6.1 percent in March, Statistics South Africa said in a report released Wednesday in the capital, Pretoria. That’s the lowest rate since December 2015 and compares with the median estimate of 5.6 percent by…

FinTech and the Positive Transformation of Banking in Africa

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The impact of Blockchain, Open Banking, Mobile Money and Payments innovation are radically transforming the financial services landscape as FinTech disruptors intensify the challenge to Incumbent Banks in Africa and kickstart new opportunities 25th May 2017, Addis Ababa, Ethiopia: The unique environment for financial services in Africa is fertile ground for innovative FinTech players who are capitalizing on the opportunities to disrupt or leapfrog established business models to make ﬁnancial services more affordable, accessible and…

Moody’s: Namibia’s credit profile balances medium-term growth prospects against rising public debt

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London (Capital Markets in Africa) – Namibia’s Baa3 rating with a negative outlook reflects the country’s solid medium-term growth prospects and institutional strength, set against credit challenges including its rising public debt and heightened external risks, Moody’s Investors Service said in a report this week. The annual update, “Government of Namibia — Baa3 Negative Annual Credit Analysis”, is now available on www.moodys.com. Moody’s subscribers can access this report via the link at the end of…

The dark, dangerous, and insanely profitable world of DDoS attacks

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JOHANNESBURG – May 24, 2017 – Imagine a business model with a 95 percent profit margin. As wonderful as this sound, this business is certainly not something that most would want to get into. We’re talking, of course, about the criminal enterprise of Distributed Denial of Service (DDoS) attacks. This form of cyber-crime has grown exponentially over the past few years, giving CIOs and digital business leaders sleepless nights about whether they’ll be the next…

Nigerian Banks Make Eurobond Comeback as UBA Plans Debut Deal

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LAGOS (Capital Markets in Africa) – United Bank for Africa Plc said it plans to sell a debut Eurobond, a day after local rival Zenith Bank Plc tapped the market for the first time since 2014. UBA, Nigeria’s third-biggest lender by assets, wants to sell as much as $500 million of senior unsecured debt, it said in a statement to the Nigerian Stock Exchange. It will announce plans later on Tuesday for investor meetings in Europe…

Nigeria hopes for oil upturn after economy shrinks again

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LAGOS (Reuters) – Nigeria’s economy stayed in recession in the first quarter and shrank more sharply than thought at the end of last year, data showed on Tuesday, as signs of growth in the oil sector fuelled hopes of an upturn in coming months. The economy shrank by 1.5 percent in 2016 for its first annual drop in 25 years, hit by a shortage of hard currency and lower revenues from its dominant oil sector…

Unlock the potential of African entrepreneurs to accelerate Africa

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ABIDJAN (Capital Markets in Africa) – African governments need to integrate entrepreneurship more fully into their industrialisation strategies, according to the African Economic Outlook (AEO) 2017 released Monday, May 22 at the African Development Bank Group’s 52nd Annual Meetings. In 2016, Africa’s economic growth slowed down to 2.2% from 3.4% in 2015 due to low commodity prices, weak global recovery and adverse weather conditions, which impacted on agriculture production in some regions. However, it is…

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