you are currently viewing::Kenya: Blackrock Liquidates Em Fund With Equities in Kenya, NigeriaJune 19, 2024--American asset manager BlackRock has announced the liquidation of its emerging market (EM) funds in Kenya and Nigeria.
Its board concluded that liquidating the fund is in the best interest of both the fund and its shareholders. One of the significant factors impacting the liquidation process is the conversion of local currencies, including Nigeria's Naira. As a result, the liquidation will be extended over a longer period. Source: allafrica.com |
January 21, 2025--Growth in Africa's most industrialised economy could be close to 2% in 2025, versus the 1.1% growth projected for 2024
South Africa's economic outlook is better this year than last, but the inflation picture is more muddied as risks abound, its central bank governor said on Tuesday.
January 14, 2025-- Industrial stocks recorded the biggest losses.
It was a sea of red on the JSE on Monday, with the bourse closing 1.7% down, at 82 046 points- its lowest level since mid-September.
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