Features

2015 Sub-Saharan Africa’s Equity Market Outlook

Posted on by The Editorial Team

Equity Market overview In 2014, Sub Saharan African (SSA) equity market performance was mixed. The East African markets generally performed well, led by Tanzania (+22.7%), Uganda (+14.1%) and Kenya (+13.3%). Rwanda declined by 4.5%. Similarly, most markets were up in Southern Africa, with the exception of Zimbabwe which declined 19.5%. In West Africa, Nigeria and Ghana performed poorly in 2014. The Ghanaian equity market was up in local currency but declined 31.9% on currency devaluation….

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Nigeria: CBN Maintain or Tighten Policy?

Posted on by The Editorial Team
Nigeria: CBN Maintain or Tighten Policy?

We expect policy to be held steady later today as the 100bp tightening in the MPR to 13% late-November 2014 is still yet to transmit its full effect throughout the economy. It is also unlikely for a tightening of policy prior to the election. However, there are various ways that the MPC could respond to current pressures, for example: • Tightening monetary policy further by around 100bp. • Raising Cash Reserve Ratio on Private Sector…

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