INTO AFRICA 2017 |

Morocco’s Favourable Prospects with Strong Fundaments in 2017

RABAT (Capital Markets in Africa) – Prospects for Moroccan economy in 2017 are favourable with stronger economic growth on the one hand and, on the other, an on-going contraction in the twin deficits, which will help restore the long-term health of the country’s public finances and balance of payments. As far as the growth outlook is concerned, expectations of GDP growth in 2017 should once again highlight the economy’s sensitivity to the agricultural sector. In…

South Africa’s Macroeconomic Prospects and Risks in 2017

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – The South African macroeconomic landscape is expected to gradually improve this year following the weak growth performance recorded last year. In essence, growth should lift, inflation should fall and policy rates should remain stable. This view is underpinned by several developments. Importantly we expect global growth to continue to rise gradually in the period ahead as the recent increase in commodity prices boost growth in commodity-exporting EMs, improved household…

African market outlook for 2017: Opportunities and challenges

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The global risk backdrop has been relatively supportive for emerging market (EM) FX and fixed income in early January 2017, as investors downplayed previous concerns about fiscal stimulus in the US under a Trump administration. This has underpinned the South African rand and local bonds and reinforced a receiving bias in swaps. However, there is a risk that upward pressure on UST yields and a bull USD cycle may…

Pan-African Banking Model: Balancing Risk and Reward

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LAGOS (Capital Markets in Africa) – Africa-originated banks are increasingly becoming dominated players across the financial landscape in Africa. This is happening at a time when some western-based banks are scaling back their activities in the region. For the most part, these pan-African banks originate from large African economies (based on income) such as Nigeria (United Bank of Africa), South Africa (Standard Bank), Morocco (Attijariwafa Bank) but also small economies such as Togo where Ecobank…

Egypt: Tides Are Changing, Or Is History Repeating Itself?

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CAIRO (Capital Markets in Africa) – Egypt is flashing once again at the centre of emerging markets’ radar screen after a long recede, ever since the outbreak of the 2011 revolution and the years of political and economic instability that followed. The Government has just embarked upon long-awaited and badly needed structural reforms, including, but not limited to, a shift to a flexible exchange rate regime that aims to tackle the currency shortage and attract…

AFRICA: TOP FIVE PREDICTIONS FOR 2017

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LAGOS (Capital Markets in Africa) – At the start of 2017, the year ahead looks uncertain. This paper constitutes a brief look at NKC African Economics’ top five predictions for Africa for 2017. 1. President Trump will have a negligible impact The word that appears, to sum up Donald Trump’s effect on the international economy, and other areas like security, is ‘uncertainty’. However, there has been some consistency in his views expressed during the campaign…

How African Equities and Currencies feared in 2016

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) -African equity markets settled in the South Pole 2016 was a difficult year for African markets, each in varying degrees. Most of the African equity index ended in negative zone at the end of 2016, with six positive growths and twelve negative returns on a local currency basis. The performance was more disheartening on a US-dollar adjusted basis, with just four equity markets produced a positive return and average return across markets…

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