Features | - Part 252

AfDB sees Africa’s GDP growth nearing pre-crisis levels

Abidjan, Ivory Coast (Capital Markets in Africa) – African economies will grow 4.5 percent this year and 5 percent in 2016, approaching levels last seen before the 2007 global financial crisis, as economic prospects improve worldwide, the African Development Bank (AfDB) said. The AfDB estimates that Africa’s gross domestic product expanded by 3.9 percent in 2014 despite sharp falls in international commodity and oil prices, an Ebola epidemic and pockets of political instability and armed conflict….

Africa Day: Ideas For Africa – By Cristina Duarte, AfDB Presidential Candidate

Posted on by The Editorial Team

Abidjan, Côte d’Ivoire, (Capital Markets in Africa) — As we celebrate Africa Day, it gives me great pleasure to congratulates our continent for the remarkable vision it has had by embarking, decades ago, in a project aimed at achieving its unity. This year’s Africa Day coincides with the return to its headquarters of the prime institution of African Development -The African Development Bank (AfDB). It is therefore timely to once more pay tribute to the founding…

Africa – A land worth exploring

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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.

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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%

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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…

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