Namibia |

Namibia’s credit profile balances improving growth prospects, Says Moody’s

WINDHOEK (Capital Markets in Africa) – The Government of Namibia’s (Ba1 negative) credit profile reflects its small and relatively diversified economy and its moderate but gradually improving growth prospects over the medium term set against rising public debt levels and external vulnerabilities, Moody’s Investors Service said in an annual report this week. The report, “Government of Namibia — Ba1 negative, Annual credit analysis”, is now available on www.moodys.com. Moody’s subscribers can access this report via…

INTO AFRICA July 2018 Edition – Back on Track: African Mining

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Welcome to the July 2018 edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. This month’s edition, titled: Back on Track: African Mining explores emerging mining laws and regulations as well as opportunities across African countries and financing options for mining projects in Africa. Africa is rich in natural resources. It boasts of over 10% of world reserves of oil, about 40% ofgold, 90%…

Rio Tinto Says Africa Key to Growth Even After Costly Missteps

Posted on by The Editorial Team

MAPUTO (Capital Markets in Africa) – Rio Tinto Group said resource-rich Africa is still central to the company’s growth strategy despite a succession of failed investments and scandals in the last 10 years. The continent will expand its production and consumption of metals over the next decades as the economy grows and becomes more industrial, Bold Baatar, Rio’s chief executive of energy and minerals, said in a speech at Bloomberg Intelligence’s LME Week Forum in London….

Namibia Black-Ownership Plan Risks Copying S. African Errors

Posted on by The Editorial Team

WINDHOEK (Capital Markets in Africa) – A plan by Namibia, among the world’s most economically unequal nations, to better distribute wealth among its citizens may end up the way neighboring South Africa’s has — benefiting an elite minority. The nation is working on a law that will require all businesses to be at least a quarter owned by “racially disadvantaged people.” While only about 6 percent of Namibia’s 2.5 million citizens are white, they own most…

Namibia Cuts Rate for First Time in 5 Years as Inflation Slows

Posted on by The Editorial Team

WINDHOEK (Capital Markets in Africa) – Namibia’s central bank reduced its key rate for the first time since 2012 as consumer prices rose at the slowest pace in almost two years last month and the economy contracts. The Monetary Policy Committee reduced the repo rate by 25 basis points to 6.75 percent, Bank of Namibia Deputy Governor Ebson Uanguta told reportersWednesday in capital, Windhoek. Inflation in the southwest African nation, the world’s biggest producer of marine diamonds, was 5.4…

Moody’s Downgrades Namibia’s rating to Ba1, maintains negative outlook

Posted on by The Editorial Team

WINDHOEK (Capital Markets in Africa) – Moody’s Investors Service (“Moody’s”) has today downgraded Namibia’s long-term senior unsecured bond and issuer ratings to Ba1 from Baa3 and maintained the negative outlook. The key factors for downgrading the rating are: Erosion of Namibia’s fiscal strength due to sizeable fiscal imbalances and an increasing debt burden Limited institutional capacity to manage shocks and address long-term structural fiscal rigidities Risk of renewed government liquidity pressures in the coming years…

Moody’s: Namibia’s credit profile balances medium-term growth prospects against rising public debt

Posted on by The Editorial Team

London (Capital Markets in Africa) – Namibia’s Baa3 rating with a negative outlook reflects the country’s solid medium-term growth prospects and institutional strength, set against credit challenges including its rising public debt and heightened external risks, Moody’s Investors Service said in a report this week. The annual update, “Government of Namibia — Baa3 Negative Annual Credit Analysis”, is now available on www.moodys.com. Moody’s subscribers can access this report via the link at the end of…

1 2 3 … 6 »