The Editorial Team |

Bank of Uganda retains central bank rate at 17 percent in February

KAMPALA, Uganda, Capital Markets in Africa —Uganda’s central bank kept the Central Bank Rate (CBR) at 17 percent on Wednesday, saying inflation outlook has improved slightly, mainly duly to the exchange rate, according to the Monetary Policy Committee (MPC) Statement for February 2016 signed by Professor Emmanuel Tumusiime-Mutebile, Governor Bank of Uganda. The MPC believes that the decision to keep the CBR will curb the rise on core inflation over the next two or three quarters and…

Angola’s Credit Rating Downgraded by S&P After Oil Price Drop, Stable Outlook

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Luanda, Angola, Capital Markets in Africa — Standard & Poor’s Ratings Services lowered its long-term foreign and local currency sovereign credit ratings on the Republic of Angola to ‘B+/B’ from ‘BB-/B’ with stable outlook. Also, S&P lowered Angola’s transfer and convertibility assessment to ‘B+’ from ‘BB-‘. Standard & Poor’s downgraded Angola’s credit rating to B after a decline in oil prices curbed government revenue. This downgrade putting the nation’s debt five levels below investment grade….

Investec Closes its Second Africa Private Equity Fund at US$295 Mill

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Johannesburg, South Africa, Capital Markets in Africa — Investec Asset Management, one of the largest investors in Africa, has successfully closed its sophomore fund, the Investec Africa Private Equity Fund 2 (IAPEF 2) at $295mn. The investor base includes pension funds, endowments, Fund of Funds and development finance institutions from across the US, Europe, the UK and Africa. As with its first African fund, IAPEF 1, launched in 2008, IAPEF 2 will focus broadly on…

Bank of Zambia Keeps Policy Rate Unchanged at 15.50%

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Lusaka, Zambia, Capital Markets in Africa — The Bank of Zambia Monetary Policy Committee (MPC), at its meeting on 11 February 2016, decided to maintain the Policy Rate at 15.5% partly to address volatility in FX market, Bank of Zambia Governor Denny Kalyalya stated at presentation in capital, Lusaka. The MPC noted that although the annual rate of inflation at 21.8% in January 2016 was significantly above single digits, previous measures to tighten monetary policy…

Bonds, Loans and Sukuks Africa: 14-15 March, Cape Town

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This year’s Bonds, Loans & Sukuk Africa conference is now only 4 weeks away and over 250 industry leaders from the African debt markets have already confirmed their attendance. As part of our partnership we would like to invite you to join us at our specially discounted rate of 20% off. > Register online and enter the code CM20 to claim a 20% discount Bonds, Loans & Sukuk Africa is the only event on the continent to provide local and international banks,…

Orange Launches Entrepreneur Club for start-ups in Africa

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LAGOS, Nigeria, Capital Markets in Africa — Orange is launching the Entrepreneur Club, a new space for information in French and English devoted to entrepreneurs in Africa and the Middle East. The website (http://entrepreneurclub.orange) is a source of information for entrepreneurs that puts them in touch with a variety of instruments from Orange that support entrepreneurship. The Entrepreneur Club also provides practical information and tools for company creation. Orange supports start-ups in Africa and the…

WCA EXECUTIVE INVESTMENT SUMMIT & CEO FORUM 2016: MARCH 15-16, Sheraton Addis Ababa.

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Please join Capital Markets in Africa (Event Partner) at one of Africa’s most dynamic and high impact Pan-African “Executive” Summits with a unique track record of delivering tangible results for executives and investors! DOWNLOAD PROGRAM direct from Website for full list of Speakers & Segments: http://www.wcaexecsummit2016.com/program.htmlREGISTER Today at: www.wcaexecsummit2016.com US$500 with Capital Markets Africa discounted promotional code “markets” plus Hotels from US$125/night and Ethiopian Airlines discounts (12%-15%) for registered delegates No Visa or Visa on arrival…

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