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World Bank Report: Improving Conditions for People and Businesses in Africa's Cities Is Key to Growth
February 9, 2017--Africa's cities are growing in population-adding the size of another Nigeria to cities by 2025-so have a critical role to play in their countries' economic growth, says a new World Bank report released today.
Improving conditions for people and businesses in African cities by aggressively investing in infrastructure and reforming land markets is the key to accelerating economic growth, adding jobs, and improving city competitiveness.
view the World Bank report-Africa's Cities: Opening Doors to the World
Source: World Bank
Nigeria: Country Listed Among World's Most Powerful Economies By 2030
February 9, 2017--Nigeria has been listed among thirty two countries that will be world's most powerful economies by the by 2030.
The release by PricewaterhouseCoopers, one of the world's largest professional-services firms, in its predictions for the most powerful economies in the world by 2030.
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Source: AllAfrica.com
JSE mostly down on State of the Nation jitters
February 7, 2017--Sentiment on the JSE has remained cautious as investors nervously await the State of the Nation address and amid lingering concerns about a possible Cabinet reshuffle.
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Source: FIN24
Strong rand caps JSE gains
February 6, 2017--The JSE has followed global markets higher, but with very modest gains as the firm rand put a damper on the prices of the big dual-listed shares.
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Source: SEC.gov
Nigeria: What to Expect From Contributory Pension Scheme in 2017
February 3, 2017--The Contributory Pension Scheme (CPS) had witnessed sustained rising growth in 11 years until 2016 when the growth was a bit stunted due largely to Nigeria's economy sliding into a recession, a recession; it is yet to recover from.
Because of the recession, Nigeria's economic growth slowed, some businesses closed shop, some reduced salaries and some sack huge number of workers.
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Source: AllAfrica.com
JSE slips as firm rand drags down industrial heavyweights
February 2, 2017--Share prices on the JSE have been lower as weaker European markets and a stronger rand pushed the prices of the dual-listed shares lower.
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Source: FIN24
JSE perks up despite directionless global markets
January 31, 2017--Share prices on the JSE have recovered, despite global markets struggling to find direction now that the honeymoon with US President Donald Trump's economic policies is over.
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Source: FIN24
Rand fragile as political risk returns
January 31, 2017--The issues plaguing the rand are re-emerging, causing the currency to be on the back foot.
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Source: FIN24
Financial shares trade lower
January 27, 2017--Share prices have been drifting lower as a softer rand battered financial shares, with other major indices on the JSE moderately lower by midday.
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Source: FIN24
Rand tanks on Zuma's defiance comment
January 27, 2017--The rand has tanked following a report about President Jacob Zuma considering firing ministers who defy him.
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Source: FIN24
