The Editorial Team |

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

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…

Madagascar Removes Restrictions on Gold Exports, Official Says

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Antananarivo, Madagascar, Capital Markets in Africa — Madagascar liberalized gold exports three years after it made the central bank the sole seller of the precious metal, an official said. A ministerial decision to do so was adopted in July 2015 but it has taken time to implement the amendment, Guy Raoilison, the general manager of the national gold agency known as ANOR, told reporters Thursday in the capital, Antananarivo. The island-nation made its central bank…

South Africa | Old Mutual’s Breakup Adds to South Africa Financial Market Woes

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Johannesburg, South Africa, Capital Markets in Africa: Old Mutual Plc’s plan to separate its four businesses adds further uncertainty to South Africa’s financial-services industry, which is already under pressure after Barclays Plc’s decision to reduce its ownership in the country’s third-largest lender. While Old Mutual said it will spin off its 54 percent controlling stake in Johannesburg-based Nedbank Group to shareholders, it was short on details about plans for its emerging-market business, which is run from South Africa, as well as its U.S.-based OM Asset Management business and…

Nigerian Central Bank Governor and Investment Minister Talk on FX Supply

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LAGOS, Nigeria, Capital Markets in Africa — Nigerian central bank Governor Godwin Emefiele and Trade and Investment Minister Okechukwu Enelamah are discussing ways to ensure supplies of foreign exchange to manufacturers in the Africa’s largest economy as the slump in oil prices constraint dollar inflows. “My minister is engaging with the central bank governor and other key stakeholders to ensure that the interests of manufacturers are taken care of” in the provision of foreign exchange, Omotara Awobokun, director…

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