AUGUST 2018 |

Regulation of the Initial Coin Offerings: Sitting in the Waiting Room

LAGOS (Capital Markets in Africa) – Although the debate about whether or not to regulate initial coin offerings (ICOs) is in full swing, many key regulators are hot on its heels, and even if we are in the first paragraph, ‘in summary’, they are going to be regulated. The challenge, of course, will be to regulate appropriately without stifling growth and innovation. The volatility of certain tokens (also traditionally referred to as cryptocurrencies or coins)…

Emerging Opportunities in Africa Capital Markets and Trade Finance

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Africa trade finance has been neglected as an asset class, because the yields have been modest relative to African sovereign bond markets and because investors had been attracted to the high beta African investments, like the local currency bonds. The volatility and recent sell-off in EM hard-currency and local-currency bonds in 2018 has changed investors’ appetite significantly. EM fixed income investors are changing their preference towards low beta and…

INTO AFRICA August 2018 Edition – Driving Africa Opportunities

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LAGOS (Capital Markets in Africa) – Welcome to the August 2018 edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. This month’s edition, titled: Driving Africa Opportunities and explores investment opportunities as well as banking and insurance sectors in Africa. Many investors are familiar with the African growth story. The young demographic, growing middle class and attractive GDP growth prospects have been recited before and I am sure we can agree that the…

Africa’s Insurance Market: Where is the Boom?

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LAGOS (Capital Markets in Africa) – By global standards, Africa’s insurance market remains relatively underdeveloped, accounting for just under 1.2% (0.06 trillion USD) of insurance premiums written globally in 2017. Insurance penetration rates averaged 2.77% in 2016, compared to global averages of 6.28%. Penetration rates in some of the more developed markets such as Cayman Islands topped 22.60% and the UK 10.16%, while the least developed markets such as Nigeria were as low as 0.27%….

Nigerian Banking Sector: Emerged Stronger Post-Crisis

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LAGOS (Capital Markets in Africa) – Nigerian banking regulators, like most of their global counterparts, took away three key lessons from the 2008 global financial crisis: 1) big banks can and do fail, 2) markets are not always efficient and, 3) risk management and corporate governance structures of banks are as important to financial system stability as balance sheet size. The global crisis uncovered the weakness of Nigeria’s hitherto prevalent universal banking model which permitted…

Investment in Malawi: Emerging Opportunities

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LAGOS (Capital Markets in Africa) –What investment opportunities are there in a land that extends to 118 484 sq. km in size with a population size of 17.2 million? The answer is that there are many investment opportunities! And the economic environment has so far been supportive of investments in Malawi. In 2017 for example, Real GDP growth came at 5.1% and is projected to slow down to 4.0% in 2018 due to challenges in…

Achieving Growth in Africa: The Challenges and How Trade and Trade Finance Can Help

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – It has been a difficult time economically for much of Africa over the last few years resulting in, with some exceptions, economic growth that has not lived up to hope or expectation. The reasons for this are many and diverse, differing from country to country and this article will be looking at some of the main challenges facing the continent and attempting to show how trade and trade finance…

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