The Editorial Team |

Pan-African Banking Model: Balancing Risk and Reward

LAGOS (Capital Markets in Africa) – Africa-originated banks are increasingly becoming dominated players across the financial landscape in Africa. This is happening at a time when some western-based banks are scaling back their activities in the region. For the most part, these pan-African banks originate from large African economies (based on income) such as Nigeria (United Bank of Africa), South Africa (Standard Bank), Morocco (Attijariwafa Bank) but also small economies such as Togo where Ecobank…

Nigeria aims to present reform plan in Feb for $1 bln World Bank loan

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria wants to borrow at least $1 billion from the World Bank to help haul it out of recession and plans to present the required economic reform proposals to the lender this month, officials and diplomats told Reuters. The oil producer, which has been hit hard by a sharp fall in crude prices since 2014, has been in talks with the Washington-based lender for a year to secure a…

IEA says record OPEC cut compliance helps oil market rebalance

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Global oil output plunged in January as OPEC and non-OPEC producers curbed supply to accelerate a market rebalancing following one of the largest oil gluts in a generation, the International Energy Agency said on Friday. Oil supplies fell by around 1.5 million barrels per day last month, including by 1 million bpd for OPEC, leading to record initial compliance of 90 percent with a six-month output-cut deal reached in December…

Central Bank of Kenya to float 12-year infrastructure bond

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya has floated treasury bond worth US$288 million to fund infrastructure projects coming two weeks after it cancelled a similar bid, Central Bank of Kenya (CBK) has said. The 12-year infrastructure bond, which is up for sale for the next two weeks and will later be listed at the Nairobi Securities Exchange’s secondary market from February 28. “The Central Bank, acting as a fiscal agent for the Republic of…

Egypt: Tides Are Changing, Or Is History Repeating Itself?

Posted on by The Editorial Team

CAIRO (Capital Markets in Africa) – Egypt is flashing once again at the centre of emerging markets’ radar screen after a long recede, ever since the outbreak of the 2011 revolution and the years of political and economic instability that followed. The Government has just embarked upon long-awaited and badly needed structural reforms, including, but not limited to, a shift to a flexible exchange rate regime that aims to tackle the currency shortage and attract…

AFRICA: TOP FIVE PREDICTIONS FOR 2017

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – At the start of 2017, the year ahead looks uncertain. This paper constitutes a brief look at NKC African Economics’ top five predictions for Africa for 2017. 1. President Trump will have a negligible impact The word that appears, to sum up Donald Trump’s effect on the international economy, and other areas like security, is ‘uncertainty’. However, there has been some consistency in his views expressed during the campaign…

Nigerian Equities Unable To Sustain Gains …NSE ASI Sheds 54bps

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The local bourse was unable to sustain gains recorded in the previous trading session as a result of sell-offs in Consumer Goods stocks – NESTLE (-3.3%), NB (-1.0%) and PZ (-9.7%). Thus, the All Share Index slid 54bps to close at 25,322.30 points, bringing YTD loss to –5.8%. Investors, in turn, lost N10.9bn as market capitalization settled at N8.8tn. Activity level stayed mixed as volume traded declined 58.9% to 143.2m units while value traded increased…

« 1 … 739 740 741 742 743 … 1,077 »