Features | - Part 257

This week on the frontiers: Nigeria grabs fund managers’ attention

Within the past week, Nigeria postponed its presidential election, begged for more international help in fighting Boko Haram, saw its currency plumb a new record low, and joined a list of countries that ratings agency Standard & Poor’s is poised to downgrade. The impact on investors? They’re starting to like what they see. Michael Levy, manager of Barings’ $50m frontier markets fund, says the country’s market is starting to be “extremely cheaply valued”. In an…

Runa Alam Considers Why Africa’s Opportunities Far Outweigh Its Risks

Posted on by The Editorial Team

Runa Alam is something of a private equity pioneer. Alam co-founded Development Partners International, which she calls the first pan-African firm, in 2007. London-based DPI’s clients now include the $9.3 billion Missouri State Employees’ Retirement System and International Finance Corp., the private sector development arm of the World Bank Group. In a region where private equity general partners complain about a paucity of exit opportunities, DPI has managed eight initial public offerings and six corporate…

Egypt: Steadfast Reforms Key for Economic Stability, Jobs, Growth

Posted on by The Editorial Team

Following four years of political uncertainty and economic slowdown, Egypt has chosen a path of adjustment and reform which, if followed resolutely, will lead to economic stability and growth, the IMF said in its first comprehensive assessment of the North African nation’s economy since 2010. Speaking to the IMF Survey, IMF Mission Chief for Egypt, Christopher Jarvis, noted that Egypt faces a challenge. On the one hand, it needs to put its fiscal and external accounts…

As Foreign Direct Investment continues to rise growth looks certain for Africa

Posted on by The Editorial Team

Achieving Africa’s growth Agenda – CNBC Africa Panel Speakers discuss Africa’s attractiveness to Foreign Investors. Even though threats still remain economic diversification and integration are major factors contributing to Africa’s growth. These factors, along with Infrastructure and Agriculture, were the key growth indicators discussed recently at “Achieving Africa’s growth Agenda” a World Economic Forum session developed in partnership with CNBC Africa and featuring prominent speakers Sunhil Bharti Mittal, Jacob G Zuma, Paul Kagame, Bronwyn Nielsen,…

Real Forex Volume: The new kid on the trading block

Posted on by The Editorial Team

AT TIMES, trading is an information arms race, where the traders with the best knowledge and the discipline to stick to their ideas tend to do better than those who trade on a whim. With this in mind, traders may be interested to hear that FX brokers have started to share their trading volume in real time. Such information was previously only revealed on exchange-traded products, like shares. Using examples from the stock markets, traders…

Elections in Nigeria: What businesses need to know

Posted on by The Editorial Team

High stakes elections in NigeriaAt the best of times, elections in Nigeria tend to be unsettling events accompanied by sporadic outbreaks of violence and rising inflation. Will the February 14 general elections be any different?Against the backdrop of slumping oil prices, Boko Haram’s worsening insurgency, and the rising chasm between north and south, the upcoming elections risk derailing Nigeria from its positive growth trajectory. However, the world should not underestimate Nigeria’s ability to muddle through…

Nigerian Equity: When and What to Buy/Sell

Posted on by The Editorial Team

The Nigerian Stock Exchange, Lagos, Nigeria The markets are strongly correlated to global crude oil prices and explains the sustained sell-off we have witnessed in the markets. Crude oil accounts for 75% of the country’s revenue and 95% of foreign exchange. With prices falling, reserves are under pressure and the ability of the CBN to continue to stabilize the naira is at risk. The capital markets are largely driven by foreign portfolio investors who account…

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