Africa | - Part 37

African Telecommunications sector to boost M&A activity

London (Capital Markets in Africa):- Moody’s released a report titled: M&A Activity to Reshape Competitive Environment as Markets Mature and Consolidate, on 14 May 2015, stated that it expects more consolidation within African telecom’s markets as existing operators (especially smaller third or fourth tier companies) are looking for ways to minimise costs and increase their market share. The report highlighted further, that African telecoms market comprised of a mix of local, regional and international operators,…

Mobius: Africa Offers Best Emerging Opportunities

Posted on by The Editorial Team

London (Capital Markets in Africa):- Emerging market guru Mark Mobius tells investors not to be put off by negative headlines – there are plenty of viable growth opportunities in the African stock markets. Emma Wall: Hello and welcome to the Morningstar Investment Conference. I’m Emma Wall and I’m joined today by Dr. Mark Mobius of Franklin Templeton to talk about the opportunities in emerging markets. Hello Mark. Mark Mobius: Hi, how are you? Wall: So…

African Stock Market Performance at the end of April, 2015

Posted on by The Editorial Team

African stock market performance across the region has remained fairly buoyant in 2015 (i.e. at the end of April 2015) for local investors. The exceptions were Mauritius (depreciated by 5.7%), Zimbabwe (lost 4.0%), Egypt (declined by 2.8%) and Zambia (down by 0.5%). It ended, however, in the negative region for Forex adjusted returns (in US dollar)due to the depreciation of most African currencies against the US dollar during the period under review. This depreciation is attributed to…

Nigeria Market Watch: Week Ended 8th May, 2015

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Nigerian Stock Market Weekly Summary and Outlook The Nigerian Stock Market sustained a downward trend throughout the week. NSE ASI closed the week at 0.8% lower compared to previous week’s return, hence index level berthed at 34,388.12 points despite the streams of quarterly results that were released. Likewise, YTD return swung back negative, settling at 0.8%. Market activity however improved as total volume for the week rose 35.5% W-o-W to 1.6bn units while value traded…

Ghanaian bank capital adequacy at 17.9% says IMF

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Accra, Ghana (Capital Markets in Africa):– According to the International Monetary Fund (IMF), the risk-weighted capital adequacy ratio of banks operating in Ghana reached 17.9% at the end of 2014 relative to 18.5% at end-2013 and 18.6% at end-2012; while the banks’ Tier-One capital ratio stood at 15.3% at end-2014, up from 14.7% at end-2013 and down from 16.4% at end-2012. The sector’s core liquid assets were equivalent to 26.8% of total assets at the end of 2014 relative to…

IMF projected real GDP in Sudan to grow by 3.3% in 2015

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Khartoum, Sudan (Capital Markets in Africa): – The International Monetary Fund (IMF) projected real GDP in Sudan to grow by 3.3% in 2015 and by 3.9% in 2016, relative to a growth rate of 3.4% in 2014, and compared to growth rates of 3.9% and 4.3% in 2015 and 2016, respectively, for oil-importers in the MENA region. It estimated the country’s nominal GDP at $76.2bn in 2015 and at $76.5bn in 2016. It forecast Sudan’s annual average inflation rate at 19%…

East African traders want barriers removed

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Kigali, Rwanda (Capital Markets in Africa):- East Africa’s private sector is pushing Rwanda and Tanzania to dismantle the remaining trade barriers according to the East African News. Importers and exporters alike say the barriers are negatively affecting the competitiveness of the Central Corridor by increasing transport costs as a result of delays. These sentiments were voiced recently at a round-table organised by Rwanda’s Ministry of East African Community Affairs about the removal of non-tariff barriers…

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