The Editorial Team |

World’s 2nd-Biggest Sovereign Fund Sees Oil Glut Until Mid-2017

LAGOS, Nigeria, Capital Markets in Africa: The global oil glut will probably persist until at least next summer as markets take time to absorb excess crude in storage, according to the head of research at the world’s second-largest sovereign wealth fund. Supply and demand for oil are coming back into balance, and the response of shale producers to rising prices will help determine how high crude can go, Christof Ruehl, the global head of research at Abu Dhabi Investment Authority,…

Oxford Said Business School MBA Scholarships for Africans

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Oxford Saïd Business School is committed to having a direct impact on the path of the individual lives of our African students. Our main aim is to be a part of the positive change in the region, by cultivating talented African MBA students while educating the whole of our student body about Africa’s intellectual wealth and economic potential. There are several ways to finance your course so please take time to explore whether you are…

Denham Capital and GreenWish Partners Sign Strategic Partnership

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NIGERIA, Capital Markets in Africa: Denham Capital, a leading global energy-focused private equity firm, and GreenWish Partners, a renewable energy investment company dedicated to sub-Saharan Africa, today announced a partnership to develop, build and finance a portfolio of 600 megawatts (MW) of renewable energy assets across sub-Saharan Africa by 2020. The capital commitment will allow the African renewables platform to carry out a USD$1 billion project pipeline. Charlotte Aubin-Kalaidjian, CEO of GreenWish, said, “We look…

Nigerian Equity Markets | 22 June 2016: Strong Buying Interest Pushes Benchmark Index above 30,000 Points

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LAGOS, Nigeria, Capital Markets in Africa: The bullish run in the Nigerian equities market was extended today as sustained buying interest from investors lifted the All Share Index above the 30,000.00 points mark to an 8-month high. At the close of trade today, the Benchmark index appreciated 2.4% to 30,127.82 points, while YTD returns further advanced to +5.2%. Similarly, investors gained N242.2bn as market capitalisation rose to N10.3tn. Gains recorded in market bellwether stocks, namely…

Orange completes acquisition of mobile operator Airtel in Burkina Faso

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PARIS, France, Capital Markets in Africa: Orange announces today that, together with its subsidiary Orange Côte d’Ivoire, it has completed the acquisition of 100% of the mobile operator Airtel in Burkina Faso. Since the signature of an agreement with Bharti Airtel International (Netherlands) BV (“Airtel”) in January 2016, Orange has obtained all the official approbations necessary to complete this transaction. Airtel is the 2nd largest mobile operator in Burkina Faso, with close to 4.6 million…

Slowing South Africa CPI Gives SARB More Room to Pause on Rates

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Johannesburg, South Africa, Capital Markets in Africa: South African inflation unexpectedly slowed for a third month in May as food-price growth decelerated, giving the Reserve Bank room to keep interest rates unchanged to support an economy at risk of falling into recession. The inflation rate dropped to 6.1 percent from 6.2 percent a month earlier, Pretoria-based Statistics South Africa said on its website on Wednesday. The median of 21 economist estimates compiled by Bloomberg was for an acceleration to 6.4…

Ghana GDP Growth Rate Climbs in First Quarter as Farming Expands

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ACCRA, Ghana, Capital Markets in Africa: Ghana’s economic growth quickened in the first quarter as farming output and telecommunication services expanded. Gross domestic product in the West African nation rose 4.9 percent from a year earlier compared with a revised 4.1 percent in the fourth quarter, Philomena Nyarko, government statistician at the Ghana Statistical Service, told reporters in the capital, Accra, on Wednesday. The economy grew 1.1 percent from the previous quarter, she said. Economic growth…

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