The Editorial Team |

Nigerian Anti-Corruption Agency Finds Billions In Cash Inside Lagos Home

LAGOS (Capital Markets in Africa) – The enormous value of whistleblowers has once again been demonstrated Wednesday with a tip-off by an anonymous whistleblower, leading to the discovery by the Economic and Financial Crimes Commission, EFCC, of yet another Huge Sums of Money in Lagos. At the end of counting, the sums stood at 43.4 million dollars, £27,800 and N23.2 million, the commission said in a statement on its Facebook page. The commission said the discovery…

Managing Political Risk When Investing in Africa

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LAGOS (Capital Markets in Africa) – Africa is rarely shy of reminders of the critical role that political risk can play in impacting on investments. From the headline-grabbing Arab Spring uprisings that rocked North Africa in 2011 to the sweeping changes in government witnessed in Nigeria and Tanzania following elections in 2015, politics can play a big role in determining business fortunes. And against a global backdrop of rising political uncertainty and nationalism, and a…

Potential Investment Potholes To Watch For In 2017

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LAGOS (Capital Markets in Africa) – Few could have predicted the confluence of factors that have shifted African markets in recent years. We’ve seen countries making earnest efforts to improve investment climates that have helped drive economic growth. We’ve seen large reductions in absolute poverty and growth in an African middle class with disposable income. We’ve seen the scale up of new technologies and the leapfrogging of legacy systems in areas such as banking, telecommunications,…

Private Equity in Africa: Emerging Trends

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LAGOS (Capital Markets in Africa) – Private equity in Africa has come a long way since the early 1990s, which saw development financial institutions (DFIs) investing in government initiated development projects across the continent. The period that followed was characterised by the emergence of a limited number of South African focused PE funds, which over the next decade started to invest more widely across the continent. By 1997, there were 12 private equity funds that…

Ghana’s 2017 Budget: Hope of A New Dawn, Or Illusion?

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ACCRA (Capital Markets in Africa) – Ghana’s 2017 budget statement outlined an ambitious first step towards transforming the structure of the economy. The budget, christened: “Sowing the Seeds for Growth and jobs” is grounded within the framework of the Ghana Shared Growth and Development Agenda II (GSGDA II) and within the context of the Extended Credit Facility (ECF) with the IMF. The budget targets accelerated and inclusive growth through a modernized agriculture sector, private sector-led…

Nigerian Equities Rebound on account of Bargain hunting… NSE ASI up 7bps

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LAGOS (Capital Markets in Africa) – The Nigerian equities market bucked a 3-day losing streak as the All Share Index (ASI) added 7bps to close at 25,496.71 points. Also, market capitalization increased by N6.5bn to settle at N8.8tn while YTD loss pared to -5.1%. Today’s performance was mainly driven by gains in GUARANTY (+1.7%), NIGERIANBREWERIES (+1.2%) and FBNH (+3.2%). On the contrary, market activity declined as volume and value traded fell by 38.5% and 35.2% to settle at 247.7m units and…

South Africa’s Shoprite looks beyond Africa to Eastern Europe

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CAPE TOWN (Capital Markets in Africa) – Africa’s biggest grocery retailer Shoprite is considering a push into Eastern Europe, where it hopes to use knowledge gleaned from former suitor Steinhoff International, its new CEO told Reuters. The move signals a change in strategy for Shoprite under Chief Executive Pieter Engelbrecht, 47, as sovereign rating downgrades and a weak economy cloud prospects at home. It also leads it down a competitive path crowded with established retail giants…

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