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Nigeria: Roles of Pension Fund in Enabling Infrastructure Investment in Nigeria
October 26, 2014--Part of the efforts toward catapulting Nigeria among the 20 world economies by the year 2020 is to ensure infrastructure investments, and one of the sure ways this could be attained is to effectively and judiciously employ pension funds.
Pension funds are monies paid to federal, state and local governments as well as private sector retirees, usually managed by constituted pension boards.
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Source: allAfrica.com
IMF-Regional Economic Outlook: Sub-Saharan Africa region---Staying the Course, October, 2014
October 20, 2014--he October 2014 Regional Economic Outlook: Sub-Saharan Africa anticipates continued strong growth in much of Sub-Saharan Africa, driven by efforts to invest in infrastructure and by strong agricultural production.
However, the current Ebola outbreak in Guinea, Liberia, and Sierra Leone is exacting a heavy toll, with spillovers to neighboring countries. In addition, external threats to the region's overall positive outlook include global financial conditions and a slowdown in emerging market growth. Other topics are building resilience in fragile states and addressing the infrastructure deficit.
view the IMF-Regional Economic Outlook:Sub-Saharan Africa
Staying the Course October 2014
Source: IMF
Africa: Growth May Exceed Five Per Cent in 2015-16, but Ebola, Terrorism and Other Risks Pose Concern
October 8, 2014--Despite weaker than expected global growth and stable or declining commodity prices, African economies continue to expand at a moderately rapid pace, with regional GDP growth projected to strengthen to 5.2 percent yearly in 2015-16 from 4.6 percent in 2014, according to the World Bank's new Africa's Pulse, a twice-yearly analysis of the issues shaping Africa's economic prospects.
Significant public investment in infrastructure, increased agricultural production and expanding services in African retail, telecoms, transportation, and finance, are expected to continue to boost growth in the region. This pick-up in growth is expected to occur in a context of lower commodity prices and lower foreign direct investment as a result of subdued global economic conditions.
view the Africa's Pulse-An Analysis of Issues Shaping Africa's Economic Future
Source: World Bank
Nigerian Economy Attracts N1.5 Trillion Foreign Investments in H1 2014
September 26, 2014--A total of $5.8 billion (N903.9 billion) foreign investments flowed into the Nigerian economy in the second quarter of 2014 according to latest figures released by the Nigerian Bureau of Statistics (NBS) yesterday, bringing total foreign investments inflow in the first six months of 2014 to $9.70 billion or N1.51 trilion.
According to the statistics office, foreign investments inflow had risen by 48.6 per cent or $1.89 billion in the second quarter of the year compared to $3.9 billion capital imported into the Nigerian economy in the first three months of the year.
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Source: AllAfrica.com
JSE flat, AngloGold recovers after slump
September 12, 2014--Shares have ended flat, but AngloGold Ashanti regained some of the sharp
losses posted this week triggered by a planned demerger and $2.1bn rights issue.
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Source: FIN24
Rand weakens to 7-month lows
September 12, 2014--The rand has fallen to seven-month lows against the dollar,
largely reflecting a stronger greenback as recent data backs the case for monetary tightening.
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Source: FIN24
Nigeria:'Exchanges Must Influence Government Policies to Attract Investment'
September 12, 2014--First Vice President of the Nigerian Stock Exchange (NSE), Mr. Aigboje Aig-Imoukhuede has stated that African exchanges must lead the 'march for change', in Africa by influencing their governments to implement enabling policies that will encourage the flow of capital and investment to the continent.
He made this known at the third Building African Financial Markets (BAFM) capacity building seminar at the Johannesburg Stock Exchange (JSE) in Sandton, South Africa.
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Source: allAfrica.com
JSE lower, but Steinhoff shines
September 11, 2014--Stocks have inched lower as a solid performance by Steinhoff was offset by a sharp fall in
Vodacom after Credit Suisse cut its rating on the mobile operator.
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Source: FIN24
Rand softens as investors brace for data
September 11, 2014--The rand has weakened towards a seven-month low ahead of mining and manufacturing
numbers expected to show these key sectors are not growing.
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Source: FIN24
JSE inches higher, but FirstRand slumps
September 10, 2014--Stocks have ended slightly higher as the weaker rand prompted investors to pile into miners
and other companies with extensive overseas operations.
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Source: FIN24
