Africa ETF News Older Than 1 year-If your looking for specific news, try using the search function
Tanzania: Dar es Salaam Stock Exchange Trading Returns After Friday Shocker
June 10, 2020--Trading activities returned to equity counters at the Dar es Salaam Stock Exchange (DSE) during the first working day this week after nil trading on Friday.
On Friday, the 24-year old stock market shocked financial analysts when it recorded zero trading on equities.
It, however, moved government securities valued at Sh16.7 billion on Friday as investors increasingly prefer risk-free investment avenues to equities.view more
Source: allafrica.com
Rand's winning streak continues-but it could be short-lived
June 5, 2020--With the rand below R17/$ for the first time in two months, analysts have warned the possibility that it will again start to weaken in the short term is fairly high.
view filing
Source: FIN24
Stock market rally peters out as oil prices fall
June 4, 2020--Global stock markets took a turn for the weaker on Thursday after previous gains, with investors cautious as they awaited a key ECB meeting.
view more
Source: FIN24
Rand's speedy recovery rally caught some traders by surprise
June 1, 2020--The rand's rapid turnaround from April's record low has already burnt some traders' fingers.
view more
Source: FIN24
IMF Working Paper-Can Digitalization Help Deter Corruption in Africa?
May 29, 2020--Summary:
This paper studies the effect of digitalization on the perception of corruption and trust in tax officials in Africa. Using individual-level data from Afrobarometer surveys and several indices of digitalization, we find that an increase in digital adoption is associated with a reduction in the perception of corruption and an increase in trust in tax officials.
Exploiting the exogeneous deployment of submarine cables at the local level, the paper provides evidence of a negative impact of the use of Internet on the perception of corruption. Yet, the paper shows that the dampening effect of digitalization on corruption is hindered in countries where the government has a pattern of intentionally shutting down the Internet, while countries that successfully promote information and communication technology (ICT) enjoy a more amplified effect.
view the IMF Working Paper-Can Digitalization Help Deter Corruption in Africa?
Source: IMF
Floor trading resumes at NYSE-with masks and plexiglas
May 26, 2020--The New York Stock Exchange, the symbolic heart of Wall Street, reopened its floor Tuesday after a two-month closure due to the coronavirus, with traders donning masks and separated by plexiglas.
view more
Source: FIN24
Rand strengthens thanks to lockdown easing globally
May 25, 2020--The rand, which was seen heading past R20 to the US dollar, has strengthened in recent weeks as the world's leading economies ease lockdown restrictions.
view more
Source: FIN24
Nigeria: Economy Will Definitely Go Into Recession-Finance Minister
May 22, 2020--An assessment by the Nigeria Bureau of Statistics indicates that Nigeria's economy will go into a recession at an average of-4.4 per cent, the finance minister, Zainab Ahmed, has said.
view more
Source: allafrica.com
The rand's rebound is gathering momentum
May 20, 2020--The rand's comeback seems to be gathering momentum.
view more
Source: FIN24
Nigeria: Report Predicts U.S.$17 Billion Decline in Nigerian Oil Revenue
May 18, 2020--Nigeria's oil revenue is likely to decline by between 70 per cent and 80 per cent this year, representing between $15 billion and $17 billion, the Chief Executive Officer of Financial Derivatives Company Limited and a member of President Muhammadu Buhari's Economic Advisory Council, Mr. Bismarck Rewane, has predicted.
view more
Source: allafrica.com
