The Editorial Team |

Investment in Africa: Managing Currency Risk — Andrew Gillespie

Volatility is not a new word for investors in Africa. Events of 2014 and this year across the continent highlight this – especially in the continent’s currency markets. Irrespective of the market, or country; be it via private equity, listed equity, fixed income, or underlying trade and capital flows – managing FX volatility and risk is a constant feature of the evaluation process. For most participants, it is often a frustrating, opaque and expensive exercise,…

African Economic Watch: African Countries Release October Inflation Rates Statistics …

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Lagos, Nigeria, Capital Markets in Africa — Most of the African countries released the inflation rates figure for October in the week ending Sunday 15 November 2015. South Africa also released the production figures for the mining and manufacturing sector and Tanzania’s M3 money supply September data were also released by the Bank of Tanzania. Sudan’s annual inflation rate eased to 13.37 percent in October from a revised 13.56 percent in September, a monthly report…

Africa’s key growth constraints are infrastructure deficits, extreme poverty — Steve Kayizzi-Mugerwa

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Kinshasa, DR Congo, Capital Markets in Africa — In September of 2015, global leaders gathered in New York to adopt the Sustainable Development Goals. Back home in Africa a number of constraints will need to be removed to make progress. The lack of adequate infrastructure, particularly energy, is a major constraint. It has been estimated that electricity supply for Africa as a whole is equivalent to that of Belgium, a country of only 11 million…

Moody’s changes outlook on the DR Congo’s Ba3 rating to negative; rating affirmed

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Brazzaville, DR Congo, Capital Markets in Africa —- The rating outlook on the Democratic Republic of the Congo issuer rating of Ba3 was changed to negative from stable and Ba3 rating was affirmed the rating by Moody’s rating agency on November 13 2015. Moody’s Rating Agency attributed the negative outlook to increasing uncertainty regarding the government’s capacity to consolidate its finances amid a protracted oil price shock that has depressed the fiscal and growth…

Africa Equity Weekly | 13 Nov 2015: Uganda, Kenya in the positive but Egypt, Nigeria, South Africa in the red zone …

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Lagos, Nigeria, Capital Markets in Africa — It was a bearish mood this week for most equity markets as news flows from several markets dampened investors’ sentiments. Equally, the impressive US October jobs report released last week which moved the US Fed closer to raising its benchmark interest rate during its next meeting in December further spurred sell-offs in equities. The African equity markets ended in the red zone at the end of Friday 13 November 2015,…

Moody’s affirms Gabon’s Ba3 ratings; outlook stable

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Libreville, Gabon, Capital Markets in Africa —- Moody’s Investors Service has today affirmed the Republic of Gabon’s Ba3 issuer and government bond ratings. The outlook is stable. The key drivers behind Moody’s decision to affirm the Ba3 ratings are: (1) Moody’s expectation that the oil shock-induced deterioration in the government’s debt profile will reverse from 2017 onwards and will remain in line with similar rated peers; (2) the country’s membership of the Economic and Monetary…

Nigerian Equity Markets | 12 Nov 2015: Equities Market Pullback on Loss in NIGERIAN BREWERIES…. ASI Drops 74bps

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian Equities market retreated into the negative territory after the marginal gain recorded yesterday as the All Share Index (ASI) declined 74bps to close at 28,798.67pts, whilst market capitalization shed N74.3bn to close N9.9bn. Consequently, MTD and YTD losses widened to 1.3% and 16.9%. The pullback in the broader index was majorly due to the sustained sell-pressure in NIGERIAN BREWERIES (-2.3%) and depreciations in WAPCO (-4.0%) and ETI…

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