Africa | - Part 6

INTO AFRICA May 2017 Edition: Africa’s Insurance Markets Uncovered

LAGOS (Capital Markets in Africa) – Welcome to the May 2017 edition of INTO AFRICA, the publication with fresh insight into Africa’s emerging capital markets. This edition focuses on the Insurance sector and is titled: Africa’s Insurance Markets Uncovered marks an exciting time in the sector. Please download by clicking: INTO AFRICA PUBLICATION: MAY 2017 EDITION. The insurance sector remains under-developed in Africa (it generates barely 1.7% of global insurance premiums) despite being home to 15% of the World’s population,…

Economic Growth in Sub-Saharan Africa Rebounds to a Projected 2.6% in 2017

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Sub-Saharan Africa experienced a slowdown in investment growth from nearly 8% in 2014 to 0.6% in 2015, according to the new Africa’s Pulse, a biannual analysis of the state of African economies conducted by the World Bank. This sluggish investment has coincided with a sharp deceleration in economic growth in Africa, the World Bank said in a report on Wednesday. In this issue of the Africa’s Pulse, a special…

Enko Capital Starts $200 Million Bond Fund Focused on Africa

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Enko Capital Management LLP is starting a $200 million bond fund that will focus on African sovereign and corporate debt to provide investors with yields higher than those available in developed markets. African and European institutions are backing the fund, which aims to eventually raise as much as $1 billion, and has so far invested in Zambian, Ghanaian and Nigerian government bonds, Alain Nkontchou, managing partner of Enko Capital, said by phone from London. Enko…

Google to Ramp Up Africa Investment With Fiber, Cheaper Phones

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Google Inc. is scaling up investment in Africa by laying fiber optic cable, easing access to cheaper Android phones and training a workforce in digital skills as the U.S. technology giant seeks to expand on the continent. “We laid about 1,000 kilometers (621 miles) of fiber in Uganda and we are busy doing about 1,000 kilometers in Ghana,’’ Google’s South Africa head Luke McKend said in a phone interview. “We…

African Soccer Ruler’s 29-Year Reign Ends After Election Defeat

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – A little-known official from Madagascar toppled African soccer head Issa Hayatou, ending almost 30 years of rule as the world’s most-popular sport continues to deal with the fallout of corruption probes into its management. Ahmad Ahmad, 57, will replace Cameroon’s Hayatou, who is also senior vice president of global governing body FIFA, after a 34-20 victory in a vote Thursday in Ethiopia’s capital Addis Ababa. Hayatou’s ouster is the second…

Africa’s Ecobank targets strong customer growth from mobile banking

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Africa’s Ecobank expects its new digital banking platform to help to boost its customer base across the continent to 100 million from 13 million by 2020, it said after announcing that it had signed up 1.5 million personal accounts through the mobile app. Ecobank has operations in nearly 40 African nations, some of which have been pressured by the commodity price slide and unfavourable currency swings that have prompted the…

Nigerian Regulator Seeks to Block Takeover of Etisalat Unit

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Nigeria’s telecommunications regulator is seeking to block a potential takeover of Emirates Telecommunications Corp.’s unit in the country by a group of banks after the mobile-phone operator missed repayments on a $1.2 billion syndicated loan. The Nigerian Communications Commission has urged the central bank to intervene in the matter because it is concerned over the fate of Etisalat Nigeria’s more than 20 million subscribers in the country, the Abuja-based NCC said in an…

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