Features | - Part 248

Fact: Need to Tap into Diaspora Remittance to weather the storm …

Nairobi, Kenya, Capital Markets in Africa — A remittance is money sent by a person in a foreign land to his or her home country. Due to the huge sums involved, remittances are now being recognized as an important contributor to the country’s growth and development. According to data from the Central Bank of Kenya, the remittance inflows to Kenya in August 2015 increased by 3.2 percent to US$ 132.9 million compared to USD 128.8 million in…

Africa highlighted as a market with high potential for pharma industry …

Posted on by The Editorial Team

Cape Town, South Africa, Capital Markets in Africa — Imagine the future’: DHL’s Annual Regional Life Sciences & Healthcare conference focused on life sciences & healthcare supply chains and enhancing the life sciences and healthcare sector —Africa highlighted as a market with high potential for life sciences & healthcare companies —As growth in developed markets stagnates, companies in the life sciences and healthcare market are increasingly looking for growth in Africa. This is according to…

Meaningful African markets for investment

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Africa is not a single investment destination with a single set of standardised risk factors and homogenous potential for reward. Although some high-level similarities are evident, digging into the specifics of certain regions and countries show that Africa is comprised of a range of distinct investment destinations; each with its own attractions, challenges, cultural differences and business practices. Investors looking at Africa for the first time typically look at the largest economies by GDP or…

Nigerian MPC At a Crossroad; Between Domestic Stability and External Balance

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Lagos, Nigeria, Capital Markets in Africa — The Nigerian Monetary Policy Committee (MPC) will be sitting for its 5th session this year between 21st and 22nd September 2015 to review developments in the global and domestic economy, together with the financial market since its last meeting (23rd and 24th July 2015). It is expected that deliberation at the meeting will center on the slowing domestic growth, persistent exchange rate uncertainty, increasing risk perception in the local…

Nigeria: Scrutinizing the “Change Agenda”…100 days Appraisal

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LAGOS, Nigeria Capital Markets in Africa — Following the result of the 2015 presidential polls, the new administration was ushered into power amidst groundswell optimism. We attempt an appraisal of the performance of the Buhari led government 100 days after inauguration (since May 29, 2015), having been sworn in amidst high expectations of structural reforms, improvement of government’s fiscal state, tackling of endemic corruption and stamping out insurgency in Northern Nigeria. Although the much awaited…

The illicit flow of funds moves billions of dollars in Africa — Thabo Mbeki

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LUANDA, Angola, Capital Markets in Africa — The continent of Africa loses over 50 thousand million dollars each year as a result of the illicit flow of funds, Thabo Mbeki (former president of South Africa and now head of the UNECA-AU High-level Panel on Illicit Financials Flows From Africa) told the meeting of the Group of African Governors affiliated with the World Bank and the International Monetary Fund, known as the African Caucus. “Africa faces the…

Diversification of the economy requires a consistent policy — Abraao Gourgel

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LUANDA, Angola, Capital Markets in Africa — The Minister for the Economy of Angola, Abraão Gourgel, spoke during the panel discussion on Transformation and the Diversification of the Economy, the Angolan Experience. According to Mr. Gourgel, the process of diversification of the Angolan economy is based on five main objectives including establishing support for emerging businesses. To achieve this objective the Guiché Único (One-Stop) system was created, reducing the costs of formalising business ventures by 90 per cent….

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