The Editorial Team |

Central Bank of Egypt hikes benchmark rates to curb inflationary pressures

Cairo, Egypt, Capital Markets in Africa — Central Bank of Egypt raised interest rates for the first time in more than a year in an attempt to curb inflation, according to press release by the central bank. The last change to the benchmark rate was a half percentage point cut in January, when the central bank cited a weaker inflation outlook following the plunge in global energy prices. The Monetary Policy Committee, headed by Governor Tarek…

Morocco’s central bank keeps benchmark interest rate unchanged at 2.50%

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa — Bank Al-Maghrib decided to maintains the key Bank Rate at 2.5 percent at the Board of Bank Al-Maghrib last quarterly meeting of the year held on Tuesday, December 22, 2015, according to statement released by the bank. “Taking into account the inflation projection that is consistent with the objective of price stability and the uncertainties surrounding national but also international economic outlook, the board decided to maintain the key…

President Buhari’s notable quotes at 2016 Budget presentation

Posted on by The Editorial Team

“We deeply apologize for the oil queues that have caused social dislocations” blames the scarcity on speculators and those resisting change “We are here to serve. Nigerians will get the service they have longed for. Which they actually deserve” “I’ve come here today not only to address NASS but also to speak directly to the men & women who placed us here.” “The confidence of many might be shaken, but I stand before you today…

Sub-Saharan Africa: Long-term debt inflows rise 34%, China biggest bilateral creditor.

Posted on by The Editorial Team

Lagos, Nigeria, Capital Markets in Africa — The newly released 2016 edition of the International Debt Statistics (IDS) shows that external borrowing by countries in the Sub-Sahara Africa, excluding South Africa, has risen rapidly and been marked by a distinct change in borrowing patterns and creditor composition. Disbursements of long-term debt increased 34 percent in 2014 (to $54 billion), triple the comparable figures for other low- and middle-income countries, with private creditors accounting for 60 percent (50…

Angola’s central bank hikes benchmark interest rate to 11.00% in December

Posted on by The Editorial Team

Luanda, Angola, Capital Markets in Africa — National Bank of Angola (BNA, Banco Nacional de Angola) Monetary Policy Committee (CPM) held a meeting on 21 December 2015, its 51st ordinary session and decided to increase the Basis Interest Rate to 11.00% from 10.50%, to maintain price stability, and taking into account the economic outlook. Furthermore, the CPM increase the Marginal Lending Rate from 12.5% to 13% but reduce the Overnight Liquidity Absorbing Rate from 1.75% to…

Table: African Eurobond yields narrow after US Fed Rate Hike

Posted on by The Editorial Team

FMO supports inclusive finance in Africa

Posted on by The Editorial Team

HAGUE, Netherlands, Capital Markets in Africa — The Dutch development bank, FMO, has provided a five year loan for USD 10 million from the MASSIF fund to VisionFund International (VFI), a global microfinance organisation. This transaction will especially benefit rural communities and female clients from VisionFund’s African microfinance institutions (MFIs). In addition, FMO has also provided a USD 275,000 Capacity Development (CD) grant to support VFI with an innovative approach to disaster resilient microfinance. VFI…

« 1 … 951 952 953 954 955 … 1,077 »