Features | - Part 249

President of the African Caucus urges the combat of illicit financial flows in Africa

LUANDA, Angola, (Capital Markets in Africa) — The President of the African Group and Minister of Finance of Angola, Armando Manuel, declared in the welcoming speech to the participants at the Luanda Caucus- 2015 meeting. “This obliges us to look for other sources of financing including savings that can be made from restricting illicit financial flows from Africa, especially measures that can be taken to radically reduce these mass monetary outflows and guarantee that they are used…

Africa need further integration of economic activities — Angolan VP

Posted on by The Editorial Team

LUANDA, Angola (Capital Markets in Africa) — The Angolan Vice-President, Manuel Vicente, stated in the African Caucus forum that there is no sustainable development while there is poverty. In his opening speech Manuel Vicente, representing the President of Angola, José Eduardo dos Santos, in the meeting of the Ministers of Finance and Governors of the African Central Banks, together with the World Bank and the International Monetary Fund also noted that African countries must have a…

Capitalize on today’s changing workforce to drive business success — Charles Brewer

Posted on by The Editorial Team

CAPE-TOWN, South-Africa (Capital Markets in Africa) — The workforce landscape has evolved quite significantly over the last few decades, with women in leadership and milliennials (Generation Y) taking centre stage as the drivers of business performance in the future. As with many other industries, the logistics industry has traditionally been male-dominated, but this has been changing over time. Charles Brewer, Managing Director of DHL Express Sub Saharan Africa (SSA), says that the company has made great…

African power utility sector shines bright about the outlook ahead: PwC report

Posted on by The Editorial Team

JOHANNESBURG, South-Africa, (Capital Markets in Africa) — Survey finds companies and sector stakeholders optimistic about a range of key African electricity issues. 96% say there is a medium or high probability that load shedding will be the exception rather than the norm by 2025. Technological change expected to transform prospects for rural electrification. Business model transformation lies ahead for many power utility companies. Power utility companies and stakeholders across Africa anticipate a brighter and different outlook…

Africa 2020 presents exciting opportunities for asset managers according to PwC

Posted on by The Editorial Team

JOHANNESBURG, South-Africa (Capital Markets in Africa) — New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around $1,098 billion by 2020, from a 2008 total of $293 billion. This represents a compound annual growth rate (CAGR) of nearly 9.6%. Traditional asset management, in particular the mutual fund industry, is expanding aggressively across Africa. This will largely be driven by a number of factors: economic growth…

CBN to hold rate at 13% say Economists surveyed by Capital Markets in Africa

Posted on by The Editorial Team

Lagos, Nigeria (Capital Markets in Africa) — The Nigerian Monetary Policy Committee (MPC) will be meeting between 23rd and 24th July 2015 to review developments in the global and domestic economic environment since its last meeting held on 18th and 19th May, 2015 resolved to reatian the rates at 135 and harmonised both the private sector and public sector cash reserve requirements (CRR) at 31 per cent, with aim to inject some liquidity back into the banking system….

Nigeria – Will they or won’t they?

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) — In recent weeks, investors in Nigeria have become increasingly perplexed about whether there will be a naira move before the end of 2015. On one hand the NDF market seems to indicate that there will be a move. And the consensus forecast for the value of the naira at the end of 2015 is NGN215:US$1, so in a rare show of unanimity economists seem to agree with the NDF…

« 1 … 247 248 249 250 251 … 258 »