Features | - Part 252

Africa – A land worth exploring

Capte-Town, South-Africa, (Capital Markets in Africa) –May 25, 2015/ — Africa Day 2015 is an opportunity to celebrate the development of the African continent as well as consider the various opportunities that it offers. This is according to Charles Brewer, Managing Director of DHL Express Sub-Saharan Africa (SSA), who not only believes that the continent offers vast opportunities but also that it is one of the last frontiers for economic growth and development. Africa Day…

Flow of External Finance to Africa over the last 25 years.

Posted on by The Editorial Team

Lagos, Nigeria (Capital Markets in Africa):- As they prepare for the fast-approaching Third International Conference on Financing for Development in Addis Ababa (July 13-16, 2015), policymakers, private sector actors, and other global leaders should examine the types of external financial flows (defined as the sum of gross private capital flows, official development assistance (ODA), and remittances) that different groupings of countries receive in order to best support the implementation of the post-2015 development agenda. Understanding how…

Nigerian MPC harmonizes CRR on Banks’ Deposits to 31.0%

Posted on by The Editorial Team

Lagos, Nigeria (Capital Markets in Africa):- The Monetary Policy Committee (MPC) at its 244th meeting decided to harmonize the Cash Reserves Requirement (CRR) on public and private sector deposits to 31.0%. The effect of macroeconomic issues in the global space were considered and analysed with the conclusion that no near term external shock is expected to affect the domestic economy. The growth potential of the domestic economy was reported weak but did not call for a…

Private Equity activity expected to increase by 83% over the next 12 months – Deloitte

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Johannesburg, South Africa (Capital Markets in Africa) :- The African continent is becoming an increasingly attractive investment destination for private equity players looking to access its high-growth economies and rapidly emerging consumer class. A survey by Deloitte, partnered by The Southern African Venture Capital and Private Equity Association, SAVCA, showed that the interest has been buoyed by oil and gas discoveries and a growing consumer class. The expectation that emerging markets will generate growth has seen a…

Nigeria MPC Meeting: Economists Say Slow Growth, High Inflation, Naira Value Will Top Agenda

Posted on by The Editorial Team

When members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) meet for their 244th meeting in Abuja tomorrow, economic experts believe the key policy considerations will be the current stagnation in the nation’s growth rate, high inflation, naira volatility, precarious state of the nation’s external reserves and anxiety over the policy thrust of the incoming administration. Speaking in separate interviews, the economic experts also explained that although the committee may not want to…

Nigerian MPC to Retain Status Quo for Later Devaluation?

Posted on by The Editorial Team

Lagos, Nigeria (Capital Markets in Africa):- In light of the recent happenings in the monetary and fiscal policy space, the Monetary Policy Committee (“MPC”or “The Committee”) will be sitting on the 18th and 19th May, 2015 for its third meeting in the year to discuss and take critical policy decisions relating to the economy. In the plethora of issues to be considered, the recent pressure on exchange rate, declining external reserves, rising price level and…

AFDB Agenda for Africa: Akinwumi Adesina, Nigeria’s Agriculture Minister & Candidate for AfDB President

Posted on by The Editorial Team

Abuja, Nigeria (Capital Markets in Africa):- Africa is experiencing a never-before-seen economic and political transformation. Five of the world’s 10 fastest-growing economies are located here. While there are many reasons to celebrate the improved economic performance, daunting challenges remain. Foremost among them are widening economic and social inequalities that have resulted from non-inclusive growth. Africa’s poverty rates are still the highest in the world. Since the end of the colonial era, the African Development Bank…

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