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Nigeria: Economic Crisis-Foreign Investors Cut Commitment At Nigeria Stock Exchange
November 6, 2015--Activities of foreign portfolio investors, the main drivers of the Nigeria Stock Exchange (NSE), dipped significantly in September, as the nation's economic and financial challenges persisted.
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Source: AllAfrica.com
Economic Commission for Africa and the African Development Bank jointly launch two reports
November 5, 2015--Major economic progress is possible in Africa and can lead to improvement in the standard of living but we must work on structural transformation so that Africans can benefit from their economies," declared Germaine Kambinga Katomba, Minister of Industry in the Democratic Republic of Congo,
during the joint launch of the Mutual Review of Development Effectiveness Report and the Africa Competitiveness Report 2015.
Katomba said Africa has improved its competitiveness and has reduced inequality and poverty, but its focus should remain on transformation that will have a tangible impact on these factors. Despite the growth many African economies experience, gender inequality, a fact which slows growth and productivity, persists, he said.
view the report
Source: AFDB (African Development Bank )
Rand slave to US rate hike expectations
November 5, 2015--The rand has hovered near the previous day's one-month lows against the dollar as prospects of a US
rate hike in December dented emerging currencies' appeal.
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Source: FIN24
China comments give JSE a fillip
November 4, 2015--Positive comment on China's economic prospects by President Xi Jinping have boosted resources
shares on the JSE and also pulled major indices higher.
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Source: FIN24
Rand firm in quiet trade, stocks inch higher
November 4, 2015--The rand has hardly moved against the greenback as investors await clear leads and data
releases for direction, while stocks opened a touch higher.
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Source: FIN24
JSE resources down as Industrial index remains stable
November 2, 2015--The news that the JSE has halted trading in MTN's shares pending an announcement from the
company has forced investors to the sideline.
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Source: FIN24
UN Economic Report on Africa 2015
November 2, 2015--Industrializing through trade
This Report examines and provides analysis on the critical elements of effectively fostering industrialization and hence structural transformation based on an extensive review of experience with industrialised countries and Africa's post-independence attempt at industrialization.
Ten country case studies were also conducted to shed light on industrializing through trade. The findings from this exercise informed the policy recommendations contained in this Report.
view the Industrializing through trade Economic Report on Africa 2015
Source: UN
Regional Economic Outlook: Sub-Saharan Africa Dealing with the Gathering Clouds
October 27, 2015--Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region.
Some countries have been negatively affected by falling prices of their main commodity exports, Oil-exporting countries, including Nigeria and Angola, have been hit hard by falling revenues and the resulting fiscal adjustments, while middle-income countries such as Ghana, South Africa, and Zambia are also facing unfavorable conditions.
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Source: IMF
Nigeria: NSE Market Indices Dip Further By 0.05 Percent
October 25, 2015-Equity transactions on the Nigerian Stock Exchange (NSE) dropped on Friday as the market indicators depreciated by 0.05 per cent
due to sell pressure.
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Source: AllAfrica.com
Cross-exchange trading between Ghana and Nigeria stock exchanges
October 24, 2015--Brokers on the Ghana and Nigerian Stock Exchanges in July achieved a first cross border securities trade under the stage "sponsored access" of West Africa's capital markets integration first launched 2013.
This opens the way for more cross-border deals.
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Source: africancapitalmarketsnews.com