The Editorial Team |

Mozambique Central Bank Keeps Benchmark Rate at 10.75% in March

MAPUTO, Mozambique, Capital Markets in Africa — The Bank of Mozambique has decided to increase key interest rates, and the marginal lending facility was kept at 10.75 percent as well as the deposit facility (the rate the central bank pay to the commercial bank deposit money) remained unchanged at 4.25 percent, the central bank said in a statement released after the Bank’s Monetary Policy Committee on Monday. A statement from the Bank’s Monetary Policy Committee,…

South Africa national budget remains one of the most transparent in the world.

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Johannesburg, South Africa, Capital Markets in Africa — The Open Budget Index (OBI) is the world’s only independent, comparative measure of central government budget transparency. The OBI assigns countries covered by the Open Budget Survey a transparency score on a 100-point scale. The survey focuses specifically on whether the government provides the public with timely access to comprehensive information in accordance with international good practice standards. According to the findings of the latest survey (2015), the…

African IPOs Set to double Capital Raised in 2016 amid of slow growth

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LONDON, Capital Markets in Africa — Africa’s equity capital markets are set for a strong 2016 following a reasonable 2015 despite commodity price falls and capital flight from emerging markets hitting the continent’s major economies. Fifteen IPOs are already in the pipeline, with one, Nigeria’s Interswitch, which processes payments for banks and operates in five African countries, could be Africa’s first billion dollar IPO and first public Fintech company if it proceeds with plans to…

Rwanda is resilient against current fuzzy global economic outlook — Robert Mathu, Executive Director

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Robert C. Mathu, Executive Director of the Capital Market Authority (CMA), Rwanda gives an exclusive interview to Capital Markets in Africa and elaborates on aspects of Rwanda capital markets development and investment opportunities. Robert believes that Rwanda’s economy is resilient against the bleak performance that emerging markets are expected to deliver in 2016 and beyond. To get us started, please tell us a bit about yourself and your experience as the Executive Director, Rwanda Capital Markets Authority so far? Robert…

Angola President Dos Santos to Quit Politics in 2018, Angop Says

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Angolan President Jose Eduardo dos Santos will retire from “active politics” in 2018, the state-run Angop news agency reported, citing a statement he made to the ruling party’s central committee. The Russian-educated Dos Santos, 73, has ruled the southern African nation since 1979 making him the continent’s second-longest serving leader after Equatorial Guinea’s Teodoro Obiang Nguema Mbasogo, who took power the same year. He won another five-year term in 2012. He’s survived in power during a 27-year conflict…

Nigeria’s GDP growth slows in 2015 amidst forex liquidity constraints

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LAGOS, Nigeria, Capital Markets in Africa — The Nigeria National Bureau of Statistics released economic performance data for the fourth quarter of 2015 on Friday 11 2016. The release showed that Africa’s largest economy grew by 2.1% year-on-year (yoy) in the fourth quarter against market expectations of 2.85%. The growth rate was also lower than the 2.84% recorded in the third quarter of 2015 and significantly lower than the 5.94% recorded in the fourth quarter of…

Mauritius Eyes Asia, Far East for Its Financial Services

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Mauritius plans to sell itself as a world class financial-services hub to investment companies in Asia and the Far East to win new business, an official said. The island nation’s Financial Services Promotional Agency plans to market the country as an international financial center, or IFC, and is already collaborating with the City of London, according to Chief Executive Harvesh Seegolam. International fund managers domiciled in Mauritius were the source of $139.3 billion in portfolio…

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