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Nigeria: Stock Market Rebounds As Index Rises By 0.58 Percent
August 29, 2014--Investors in the Nigerian equities market hived a sigh of relief yesterday,
as the market returned to positive territory following the drive by bargain hunters to take advantage of highly discounted stocks.
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Source: AllAfrica.com
Growth seen for African trio
August 29, 2014--ECONOMIC growth in Nigeria, Kenya and Zambia will accelerate over the next two years while Ghana's economy is likely to struggle in the short term as its government is forced to rein in spending, a Reuters poll showed on Thursday.
While the Ebola virus outbreak in West Africa remains a serious concern, it does not pose a serious risk to the rest of Africa for now because its spread so far has been limited, economists say.
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Africa: No Economic Reason to Delay Climate Action-Global Commission view more
Nigerian and African economies...after the rebasing view more
AFDB-West Africa Monitor Quarterly, Issue 3 "West Africa's growth remains strong in the first half of the year and the region is arguably one of the fastest growth engines for Africa", says Emanuele Santi, AfDB regional economist for West Africa and coordinator of the report. view the AFDB-West Africa Monitor Quarterly, Issue 3
RAK Bank gets nod for buying into RAK Insurance view more
Rand reverses gains against the dollar view more
JSE down, Naspers retreats from record high view more
Asian shares mixed after soft data view more
JSE stumbles, dragged by resources view more
Source: Bd live
August 29, 2014--Acting to curb climate change makes economic sense, even before counting the benefits of lower risks from climate threats, an upcoming report by leading financial, business and political officials will say.
But that action must happen soon, or the world will be locked into dangerous levels of climate change that will disrupt economies and lives for decades or centuries to come, the report will warn.
Source: allAfrica.com
August 28, 2014--Charts circulated by Reuters today (28 Aug) show the rebased Nigerian economy as much bigger than sluggish South Africa, and followed by Egypt, Algeria, Angola and Morocco.
They also show Africa's fastest-growing large economies over 2010-13, with oil-fuelled Ghana leading the pack with historic growth of 10.2% a year, followed by non-commodity driven Ethiopia (9.0%), Zambia (6.7%) and the rebased Nigeria at 6.4% a year.
Source: African Capital Markets News
August 25, 2014--In its first section, the publication provides a regional overview of the main trends in the region, with the resurgence of violence in some countries, and the economic challenges faced by others.
The African Development Bank released on August 21 its latest edition of the West Africa Monitor Quarterly. The report follows key socio-economic developments in the region and provides brief analysis on latest events across the countries.
Source: African Development Bank Group
August 19, 2014--The Abu Dhabi stock market index ADXGI closed insignificantly higher at 5,053.40 points on Tuesday, August 19.
National Bank of Ras Al-Khaima, better known as RAK Bank, edged up by 1.56 per cent to close at AED9.75.
Source: FIN24
August 15, 2014--The rand has softened against the dollar,
losing ground after a five-day rally put it in shooting distance of the 10.5 mark.
Source: FIN24
August 14, 2014--South African stocks have fallen for a third straight session after a slew of financial
results knocked prices of companies such as Standard Bank and Harmony Gold.
Source: FIN24
August 14, 2014--Asian markets have been mixed despite positive cues from Wall Street,
traders digested a slew of soft data including a weak report on retail sales.
Source: FIN24
August 13, 2014--South African stocks have fallen for a second straight session as global metal prices
hit new lows on downbeat data from China.
Source: FIN24