Africa | - Part 27

World Bank needs about US$135 thousand million in Official Development Assistance

LUANDA, Angola, Capital Markets in Africa — The World Bank (WB) Vice-President for Development Finance Joachim Von Amsberg asked for the support of members of the African Caucus to raise funds to replenish the International Development Association (IDA). In order to finance development in an intelligent fashion, the WB needs to mobilise some US$135 thousand million in Official Development Assistance (ODA). This amount will attract and leverage new public and private investments. “We have a large portfolio,…

Africa need further integration of economic activities — Angolan VP

Posted on by The Editorial Team

LUANDA, Angola (Capital Markets in Africa) — The Angolan Vice-President, Manuel Vicente, stated in the African Caucus forum that there is no sustainable development while there is poverty. In his opening speech Manuel Vicente, representing the President of Angola, José Eduardo dos Santos, in the meeting of the Ministers of Finance and Governors of the African Central Banks, together with the World Bank and the International Monetary Fund also noted that African countries must have a…

US$100,000 ONE Africa Award to promote Africa …

Posted on by The Editorial Team

JOHANNESBURG, South Africa (Capital Markets in Africa) — The deadline for applying for the 2015 ONE Africa Award has been extended until midnight Monday, September 7, 2015 Africa-led, Africa-driven organizations now have an additional week to submit their applications for consideration for the Award. The Award honors outstanding contributions by African based organizations leading the fight against poverty and preventable disease on the continent. Now in its eighth year, The ONE Africa Award highlights and bolsters innovative,…

Botswana Equity Watch | 19 Aug 2015: Botswana equity markets indices hit further lows, DCI down a further -56.00 bps…

Posted on by The Editorial Team

Gaborone, Botswana (Capital Markets in Africa):- The BSE Equity Markets indices went into further lows in todays trading as the DCI main and local LASI indices as well as the DFSI recorded downward movements into the red zone today. The Botswana Domestic Composite Index (DCI) fell by -56.00 points to close at 11,035.66 points down by -0.51 percent from its previous close of 11,092.11 points. Likewise, the Local Asset Sector Index (LASI) lost by -0.53 points closing…

African power utility sector shines bright about the outlook ahead: PwC report

Posted on by The Editorial Team

JOHANNESBURG, South-Africa, (Capital Markets in Africa) — Survey finds companies and sector stakeholders optimistic about a range of key African electricity issues. 96% say there is a medium or high probability that load shedding will be the exception rather than the norm by 2025. Technological change expected to transform prospects for rural electrification. Business model transformation lies ahead for many power utility companies. Power utility companies and stakeholders across Africa anticipate a brighter and different outlook…

Zimbabwe Market Watch | 06 Aug 2015: Zimbabwe equities price fall deepens, industrial index loses -0.96 points, market cap sheds US$25 Mill…

Posted on by The Editorial Team

Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) Industrial Index price fall deepened today as the counters closed trading down while the Mining index continued to remain flat at the end of the days session. Market capitalisation was also down by US$25 million against the previous days trading. The ZSE Industrial Index lost -0.96 points to close at 143.64 points decreasing by 0.56% from its previous close of 144.60 yesterday (-11.76% year-to-date and -24.58% year-on-year basis)….

Africa 2020 presents exciting opportunities for asset managers according to PwC

Posted on by The Editorial Team

JOHANNESBURG, South-Africa (Capital Markets in Africa) — New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around $1,098 billion by 2020, from a 2008 total of $293 billion. This represents a compound annual growth rate (CAGR) of nearly 9.6%. Traditional asset management, in particular the mutual fund industry, is expanding aggressively across Africa. This will largely be driven by a number of factors: economic growth…

« 1 … 25 26 27 28 29 … 45 »