Egyptian Banks Face Further Pressure from Coronavirus Fallout

Egyptian Banks Face Further Pressure from Coronavirus Fallout

Fitch Ratings-London/Dubai-07 April 2021: Egyptian banks face asset-quality deterioration and continued pressure on profitability through 2021 amid the economic fallout of the pandemic, Fitch Ratings says in a new report. Capitalisation remains a credit weakness and foreign-currency liquidity is still vulnerable to external shocks. However, the sector could benefit from growth and revenue opportunities, with Egypt’s lockdowns less stringent than those in many jurisdictions, and consumer consumption and public investment more resilient. The sector average…

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The Role of Cryptocurrencies in Investor Portfolios

The Role of Cryptocurrencies in Investor Portfolios

LAGOS (Capital Markets in Africa) – Cryptocurrencies have attracted widespread interest among private investors and even some hedge funds as a vehicle for speculation. However, institutional investors such as endowment funds, pension funds, and sovereign wealth funds have allocated only small amounts to cryptocurrencies. Their reluctance to invest meaningfully in cryptocurrencies can be traced to a variety of concerns. Cryptocurrencies have displayed significant volatility, they are not backed by a sovereign entity, and their value…

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Covid-19 Pandemic: Levelling up

Covid-19 Pandemic: Levelling up

LONDON (Capital Markets in Africa) – The coronavirus pandemic has spurred companies to upgrade their digital capabilities, boosting productivity and creating investment opportunities in previously overlooked niches.  In his new book, Post Corona: From Crisis to Opportunity, the author Scott Galloway rejects the widespread view that the COVID-19 pandemic has fundamentally transformed the world. Instead, he argues the crisis “has been an accelerant of trends that were already well underway” Take companies’ investment in digital processes….

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Investing after COVID-19: finding lasting opportunities in the new normal

Investing after COVID-19: finding lasting opportunities in the new normal

LONDON (Capital Markets in Africa) – To call 2020 “unprecedented” wouldn’t begin to do justice to the depth of challenges individuals and organizations around the world found themselves unexpectedly confronting over the past year—nor the speed with which those challenges arrived. It was early January when news broke of a pneumonia-like virus circulating in Wuhan, China; before the end of the month, the World Health Organization had declared COVID-19 a global public health emergency, and…

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Stock Market Bubble? By Ray Dalio, Founder of Bridgewater Associates

Stock Market Bubble? By Ray Dalio, Founder of Bridgewater Associates

LONDON (Capital Markets in Africa) – Ray Dalio has seen a lot of bubbles in his time and he has studied even more in history, so he knows what he means by a bubble and he systemized it into a “bubble indicator” that he monitors to help give him perspective on each market. We now use it to look at most markets we are in. He wants to show you how it works and what…

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Tony Elumelu Foundation Entrepreneurship Programme

Tony Elumelu Foundation Entrepreneurship Programme

LAGOS (Capital Markets in Africa) — The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, will close applications for the Tony Elumelu Entrepreneurship Programme on its TEFConnect digital platform (www.TEFConnect.com) on March 31. This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities. To address the unique challenges arising from the pandemic, lift millions out of…

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Berkshire’s Busy 2020 Broke a Record Despite Lack of Major Deals

Berkshire’s Busy 2020 Broke a Record Despite Lack of Major Deals

LAGOS (Capital Markets in Africa) — Warren Buffett made no splashy deals in 2020, and he didn’t weigh in on some of the year’s most contentious topics in his much-anticipated annual letter. Behind the scenes, the 90-year old billionaire was hardly inactive. Berkshire Hathaway Inc. was firing up another engine: stocks — both buying its own and trading others. The conglomerate snapped up $24.7 billion of Berkshire shares last year, a stark record for the…

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