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Free Chicago Booth Executive MBA Online Masterclass

Wednesday, February 24, 2016 at 04:00 PM until 05:00 PM GMT Standard Time. 16:00 GMTOnlineUnited Kingdom Rewarding Innovation – Can New Ideas Be Bought? Michael J. Gibbs, Clinical Professor of Economics Can creativity be motivated by rewards? This question is the subject of controversy among psychologists and economists. Prof Michael J. Gibbs, Clinical Professor of Economics, provides some new insights into this question by discussing his latest research on innovation at an Asian IT services…

National Bank of Angola Raises BNA Rate by 1% to 12.00% in January

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Luanda, Angola, Capital Markets in Africa — National Bank of Angola (BNA, Banco Nacional de Angola) Monetary Policy Committee (CPM) raised the Basis Interest Rate (BNA rate) by 100 basis points to 12.00%, to curb inflation pressure and to support the weakening Angolan kwanza amid declining oil revenues. Furthermore, the CPM increase the Marginal Lending Rate by 100 basis points from 13.00% to 14.00% and retained the seven-day maturity Liquidity Absorbing Rate at 1.75 percent….

Nigerian Stock Exchange Graduate Trainee Programme

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The Nigerian Stock Exchange Graduate Trainee Program (GTP) is an intensive 11-month program designed to groom young global talents locally and raise a new generation of leaders for the capital market and the Nigerian economy. Combining theoretical insights and a hands-on practical approach, the NSE Graduate Trainee Program (GTP) will give participants the extraordinary opportunity to learn all aspects of the capital markets and also firmly position them on the right path to career success. The…

South Africa’s Reserve Bank hikes repo rate by 50 basis points

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Johannesburg, South Africa, Capital Markets in Africa —- The South Africa Reserve Bank’s Monetary Policy Committee (MPC) raised the repo rate to 6.75% from 6.25%. This takes the cumulative increases to 1.75 percentage points since the MPC started tightening policy in January 2014. Governor Lesetja Kganyago stated that, although the impact of the weaker exchange rate on inflation had remained muted in recent years, renewed rand weakness and the likelihood of higher food inflation had…

Zambia Inflation Accelerates to 12-Year High As Kwacha Weakens …

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Lusaka, Zambia, Capital Markets in Africa — Zambian consumer prices accelerated for a sixth consecutive month to a fresh 12-year high amid a power crisis and currency weakness. Prices rose by 21.8 percent year-on-year in January from 21.1 percent a month earlier, the Central Statistical Office said in a statement handed to reporters on Thursday in Lusaka, the capital. Prices rose 1.3 percent in January from the previous month, it said. Inflation has in Zambia, Africa’s second-biggest copper producer,…

IFC Invests in CIEL Healthcare to Develop Pan-African Healthcare Network

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Nairobi, Kenya, Capital Markets in Africa — IFC, a member of the World Bank Group is investing $6.75 million in Mauritius-based CIEL Healthcare Limited (CHL) to help the company acquire and operate a chain of hospitals across sub-Saharan Africa. The hospitals will offer high-quality, modern medical services, reaching an additional 150,000 patients per year. CHL launched its network in Uganda through the acquisition of International Medical Group (IMG) in July 2015. CHL aims to support…

Nigeria’s President Buhari says naira devaluation would kill naira

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LAGOS, Nigeria, Capital Markets in Africa — Nigerian President Muhammadu Buhari yet to be convinced that country will benefit from any official devaluation of naira, his spokesman Garba Shehu says in Facebook post, citing comments made in Nairobi on Wednesday. While export-driven economies may benefit from devaluation of currencies, weakening exchange rate “will only result in further inflation and hardship for the poor and middle classes in Nigeria’s import-dependent economy”. Devaluing naira will…

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