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INTO AFRICA June 2018 Edition – Renewed Optimism: African Real Estate

LAGOS (Capital Markets in Africa) –Welcome to the June 2018 edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. This month’s edition, titled: Renewed Optimism: African Real Estate, examines the opportunities as well the challenges in the African real estate markets. Africa’s continuing economic and social development is encouraging investors to expand their portfolios in the continent and the yearning for long-term investment has drawn increased numbers of international investors…

Botswana’s New Leader Backs Asset Sales in Investment Drive

Posted on by The Editorial Team

GABORONE (Capital Markets in Africa) – Botswana’s new leader wants to shrink the civil service, sell state companies and cut red tape as he targets increased foreign investment. President Mokgweetsi Masisi has identified reducing the southern African nation’s reliance on diamonds and creating jobs for the almost one in five workers who are unemployed as his top priorities since taking office six weeks ago. Private companies will have to take the lead, he said in a May…

Botswana to Name Developer of $4 Billion Plant by December

Posted on by The Editorial Team

GABONORE (Capital Markets in Africa) – Botswana Oil Limited will decide by December on a company to build and operate a $4 billion coal-to-liquids plant, a facility it said may meet as much as 80 percent of the southern African country’s fuel demand. The state-owned oil firm received 11 bids by its August deadline and is subjecting them to “highly technical assessments,” spokeswoman Matida Mmipi said Monday by phone from the capital, Gaborone. She declined to…

Botswana Equity Markets: Where do Opportunities Lie

Posted on by The Editorial Team

GABORONE (Capital Markets in Africa) – The year 2017 is going to be a mixed bag on the Botswana Stock Exchange. The banking sector is likely to grow at a smaller pace mainly due to the tight economic situation mirrored by the low-interest rate environment (Bank rate 5.5%). Impairments are also likely to rise mainly led by the closure of some mines in the country. Already Stanchart and FNBB have issued cautionary statements as they expect an increase in impairments mainly due to…

INTO AFRICA March 2017 Edition: Africa’s Lions: Trust in Fundamentals

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Welcome to March edition of INTO AFRICA, the publication with fresh insight into Africa’s emerging capital markets. Please download by clicking: INTO AFRICA PUBLICATION: MARCH 2017 EDITION. Recent years have been challenging for Africa: so is the honeymoon over or did the wedding even take place? The oil price crash has had a serious impact on several African countries; the strength of the dollar is causing financing and FX issues; incidences of terrorism…

Botswana keeps lending rate unchanged at 5.5%, sees low and stable inflation

Posted on by The Editorial Team

GABORONE (Capital Markets in Africa) – Botswana’s central bank maintained its benchmark Bank Rate at 5.50 percent and forecast low and stable inflation in the medium term, consistent with the 3-6 percent target range, that augurs well for accommodative monetary policy that can support lending to businesses and households. Bank Botswana (BB), which cut its rate by 50 basis points in August 2016, also said it aimed for a 0.26 percent upward rate of crawl…

Botswana gets offer for struggling BCL mines

Posted on by The Editorial Team

GABORONE (Capital Markets in Africa) – Botswana’s high court agreed on Tuesday to delay the provisional liquidation of state-owned BCL Mine Ltd after lawyers representing the liquidator KPMG said they had received an offer to buy its mothballed mines, which produce copper and nickel. While the lawyers declined to name the company making the offer, a source close to the process told Reuters a company from the United Arab Emirates had put forward an offer…

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