The Editorial Team |

African Economies Vulnerability to US Fed rate hike … Ghana the most vulnerable

LONDON, Capital Markets in Africa — Monetary policymakers as well as market analysts routinely cite tightening by the US Federal Reserve among risks to macroeconomic stability. In 2015, the US Federal Reserve has been a major source of uncertainty for the global economy but the markets now expect a rate rise at the Federal Open Market Committee meeting on 15-16 December 2015. Beyond this, rates are expected to follow a gradual upwards path throughout 2016. An important…

Mozambique central bank further tighten, raises rate to curb inflation

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MAPUTO, Mozambique, Capital Markets in Africa — Mozambique’s central bank raised its benchmark policy rate to the highest in three years to help curb inflation and manage the metical, which exceeded forecasts and would impact the objectives for 2015 and 2016. Bank of Mozambique raised the benchmark standing facility rate by 150 basis points to 9.75 percent, the Maputo-based institution said in an e-mailed statement on Monday. The bank, which has now hiked its policy rate by 225…

Excitement over “People Power” in Africa will not continue in 2016 — Control Risk

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NAIROBI, Kenya, Capital Markets in Africa — People power witnessed in 2014 and 2015, for example in changes of government in Burkina Faso and Nigeria, will be proved limited in 2016. A combination of elections, constitutional pressures and financial difficulties will test governments across the region, including in Chad, Uganda, Congo (Brazzaville), Angola and South Africa. Incumbents will however retain their hold on power. These are some of the key messages of RiskMap 2016, published…

Botswana’s A2 government bond rating is affirmed; outlook stable — Moody’s

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Gaborone, Botswana, Capital Markets in Africa — Moody’s Investors Service (“Moody’s”) has today affirmed Botswana’s A2 government bond and issuer ratings. The outlook remains stable. Botswana’s local currency bond and deposit ceilings remain at Aa3, foreign currency deposit ceiling at A2/P-1, and foreign-currency bond ceiling at Aa3/P-1, unchanged. The key factors for affirming the A2 rating and maintaining the stable outlook are: Fiscal Resilience Supported by large assets and low debt: The first factor underpinning…

Revelation: Okonjo-Iweala’s Letter To Release Abacha Loot to Dasuki

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Botswana’s Central Bank Keeps Benchmark Rate Unchanged at 6.00%

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Gaborone, Botswana, Capital Markets in Africa — Bank of Botswana maintains the Bank Rate at 6 percent at the Monetary Policy Committee (MPC) meeting held on the 9 December 2015, according to a press release by the bank. In 2015, the MPC had cut the Bank Rate in February and August by 100 basis points (from 7.50 percent) and 50 basis points (from 6.50 percent) respectively. However, maintained the Bank Rate of 6 percent and 6.50 percent…

Bank of Namibia Leaves Repo Rate Unchanged at 6.5%

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Windhoek, Namibia, Capital Markets in Africa — Bank of Namibia keeps the Repurchase (Repo) rate unchanged at 6.50 percent at the Monetary Policy Committee (MPC) meeting held on the 8 December 2015, according to statement issued by Governor of the Bank, Mr. Ipumbu Shiimi. In the statement, the decision to keep the rate at 6.50 percent was underpinned by the recent downward trend in the growth of instalment credit extended to households and the need to continue…

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