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Nigeria: Economy Records Highest Quarterly Growth Since 2016
February 24, 2020--The Nigerian economy is recovering as it grew by 2.55 per cent in real terms in the fourth quarter of 2019.
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Source: allafrica.com
Markets plummet as coronavirus fears escalate
February 24, 2020--The JSE plummeted along with global stocks as heightened fears over the spread of the coronavirus outside of China escalated.
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Source: FIN24
JSE stocks fall as coronavirus infections rise
February 21, 2020--It is becoming more apparent that some economies and companies will be severely impacted due to the loss of productivity caused by the quarantining of people
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Source: FIN24
Zimbabwe: Stock Exchange Capitalization Surge As Investors Seek Refuge
February 20, 2020--Market capitalization on the Zimbabwe Stock Exchange (ZSE) grew 64 percent in just a little over a week to reach ZWL$ 67 billion as at close of trading yesterday on the back of investors continuing to seek shelter in the equities amid local currency depreciation, 263Chat Business can report.
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Source: allafrica.com
Local bourse erases earlier gains as risk aversion returns
February 20, 2020--The JSE had managed to get off to a firmer start before the declines in Europe weighed in the afternoon session.
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Source: FIN24
Resources carry the JSE
February 19, 2020--Stocks in Europe were buoyant with gains being recorded across all the major indices, while US stocks also managed to open firmer.
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Source: FIN24
Local stocks softer on downgrade fears
February 18, 2020--Weakness was not only limited to the local bourse as global markets also retreated on the back of concerns that the coronavirus would have much bigger impact on global growth
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Source: FIN24
IMF Staff Concludes Article IV Consultation to Nigeria
February 17, 2020--Growth is still recovering, inflation is increasing, and external vulnerabilities are rising.
Fiscal reform momentum and recent tightening of monetary policy are welcome.
Major policy adjustments remain necessary to contain short-term vulnerabilities and unlock Nigeria's growth potential.
An International Monetary Fund (IMF) staff team led by Amine Mati, Senior Resident Representative and Mission Chief for Nigeria, visited Lagos and Abuja from January 29-February 12, 2020 to conduct its annual Article IV Consultation discussions on Nigeria's economy.
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Source: IMF
Rand slumps as Moody's lowers SA growth forecast
February 17, 2020--South Africa's rand weakened and bond yields rose after Moody's Investors Service lowered its forecasts for economic growth, raising the risk the country may lose its last investment-level credit rating.
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Source: FIN24
JSE advances as global stocks hold steady
February 17, 2020--The rand plummeted in the afternoon session after Moody's lowered South Africa's GDP forecast to 0.7% from 1%
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Source: FIN24