The Editorial Team |

Market Watch: Emerging Stocks Rise as China Rallies on MSCI Index Speculation

LAGOS, Nigeria, Capital Markets in Africa: Emerging-market stocks rose to a three-week high as Chinese equities rallied amid speculation MSCI Inc. will include yuan-denominated shares in its global benchmarks and concern eased that higher U.S. interest rates will squelch global economic growth. The Shanghai Composite Index surged 3.3 percent, the most since March. South African stocks headed toward a fourth month of gains as a slump in the rand in May boosted the outlook for companies with revenue in foreign currencies such…

Nigeria Records First Trade Deficit in at Least Seven Years

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LAGOS, Nigeria, Capital Markets in Africa: Nigeria recorded its first quarterly trade deficit in at least seven years in the three months through March as exports of crude oil dropped, adding to the nation’s economic distress. The trade balance of Africa’s largest economy swung to a deficit of 184.1 billion naira ($925 million) from a revised surplus of 364.6 billion naira in the previous quarter, the Abuja-based National Bureau of Statistics said in an e-mailed statement on Tuesday….

South Africa Bonds | Downgrade Threat Drives South African Companies From Bond Market

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Johannesburg, South Africa, Capital Markets in Africa: As South Africa braces for a credit-rating downgrade, the nation’s companies are finding the bond market an unfriendly place. Corporate bond sales in the second quarter have slumped 15 percent from a year earlier to 20.8 billion rand ($1.32 billion), compared with a 10 percent decline across emerging markets, data compiled by Bloomberg show, as volatility and the threat of a cut to junk deter buyers. South African government 10-year yields —…

Tech Innovation Will Catalyse Productivity and Growth in Africa Says PWC Report

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JOHANNESBURG, South Africa, Capital Markets in Africa: Agriculture is currently standing on the edge of a second green revolution. This revolution will entail fundamental shifts in how the agricultural sector utilises and implements innovative technology to improve output in a sustainable manner and address the need for greater food security globally. These are some of the highlights of PwC’s latest Africa Agribusinesses Insights Survey 2016. “Currently, there is a second green revolution underway. There is…

Strengthening the Regional Asset Management Industry — Abdul Rahman Al Baker

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Distinguished Guests, Ladies and Gentlemen –Good Morning. It is a great pleasure to be here today to address the Annual Middle East Asset Management Forum. I would like to commend the organizers for putting together a stimulating program, which will no doubt enrich the ongoing dialogue and debate on asset management industry in the Mena region. I hope that presentations and discussions during this forum would highlight and deliberate on important areas of assets management…

International Industry Leaders Address New Opportunities and Overcoming the Challenges on the Road Ahead at the Middle East Asset Management Forum 2016

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The asset management industry in the Middle East is well placed for the next phase of progress and is ready to transform based on the demands of a changing global investment landscape. 30th May 2016, KINGDOM OF BAHRAIN: The investment industry in the Middle East has tremendous potential to progress to the next level of development was the view from more than 200 international industry leaders gathered at the inaugural Middle East Asset Management Forum…

Nigerian “Budget of Change”…How much can it achieve? — Afrinvest

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LAGOS, Nigeria, Capital Markets in Africa: One year into the transition from President Jonathan to the Buhari led administration; the burden on Government remained the need to rejuvenate the Nigerian economy which has suffered from the declining global oil prices, poor governance structure, sub-optimal fiscal crisis, and monetary policy actions. Recent domestic macroeconomic numbers have suffered from both global and domestic shocks which currently threaten the economic fundamentals of the country. The recent data published…

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