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Economic Growth in Africa Rebounds, But Not Fast Enough
April 18, 2018--Sub-Saharan Africa's growth is projected to reach 3.1 percent in 2018, and to average 3.6 percent in 2019-20, says Africa's Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank, released today.
The growth forecasts are premised on expectations that oil and metals prices will remain stable, and that governments in the region will implement reforms to address macroeconomic imbalances and boost investment.
"Growth has rebounded in Sub-Saharan Africa, but not fast enough. We are still far from pre-crisis growth levels," said Albert G. Zeufack, World Bank Chief Economist for the Africa Region. "African Governments must speed up and deepen macroeconomic and structural reforms to achieve high and sustained levels of growth."
view the Africa's Pulse
April 2018
Source: World Bank
JSE struggles compared to peers
April 17, 2018--The JSE traded mostly weaker on Tuesday, as it struggled to emulate the higher moves recorded in European indices.
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Source: FIN24
Rand remains range-bound amid lack of data
April 17, 2018--The rand gained 10c against the dollar in early trade, but again weakened to trade near its opening price against the greenback shortly before noon.
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Source: FIN24
JSE closes firmer after earlier weakness
April 16, 2018--The JSE erased earlier losses to close firmer on Thursday in a session where the market struggled to get a catalyst for direction.
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Source: FIN24
Rand's boring month has analysts in tussle about future moves
April 16, 2018--As trade tensions and the Syrian conflict roiled markets this month, the rand has been stuck in an unusually narrow range for one of the world's most volatile currencies.
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Source: FIN24
Rand steady above R12/$ as markets focus on geopolitics
April 13, 2018--The local currency was fairly level in early trade, as the attention of global markets remained fixed on the Trump/China trade tariff dispute and the situations in Syria and North Korea.
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Source: FIN24
Nigeria:Confusion As NSE, SEC Contradict Self On Technical Suspension On Oando Shares
April 12, 2018--The Nigerian Stock Exchange (NSE) and the Securities and Exchange Commission (SEC) have disappointedly thrown the country's financial market into turmoil following the reversal of the lifting of the technical suspension placed on free trading of Oando PLC's shares.
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Source: allAfrica.com
Profit-taking, Trump's tweet knock JSE
April 11, 2018--The JSE closed lower on Wednesday mainly on the back of profit-taking, as well as a flight to safety on the back of Donald Trump's comments about Russia and Syria.
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Source: FIN24
Rand skids on Donald Trump's 'get ready Russia' tweet
April 11, 2018--The rand has slipped in line with other emerging market currencies, following a tweet by President Donald Trump warning Russia against countering missiles the US intends to fire at Syria.
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Source: FIN24
Nigeria:Investors Lose N239 Billion in Four Trading Days
April 9, 2018--At the end of last week's transactions on the equity sector of the Nigerian Stock Exchange (NSE), the bearish performance in the local bourse was sustained as the NSE's market capitalisation dipped by N239 billion in four trading days.
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Source: allAfrica.com
