Ethiopia outperforms Nigeria, South Africa, Egypt economically

Africa economic giants stumble, as Ethiopia outperforms peers, Africa’s economic giants, Nigeria, South Africa and Egypt, have been stumbling recently. Rising security risks and political instability in Egypt, economic downturn and militancy in Nigeria and escalating political risks in South Africa led to doubts whether the balance between risks and opportunities in these markets is […]

Egypt vs ISIS crisis

President Sisi met with Coptic Pope Tawadros II after news of the IS beheadings President Sisi holds urgent meeting of defence chiefs in response to killings 13 of the killed men came from the same village where the men in the picture came from; Al-Our, in Minya

CAR joins Afreximbank community (Countries on Afreximbank list)

The number of African countries represented on the African Export-Import Bank (Afreximbank) as participating states and/or shareholders has risen to 49 with the presentation of an Instrument of Accession to the Bank by the Central African Republic in Bangui. The presentation of the instrument took place during a visit to President Faustin-Archange Touadéra of Central […]

African markets factors Nov. 30, 2017

NAIROBI, Nov 30 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – * Uganda releases inflation GLOBAL MARKETS Asian shares fell on Thursday, weighed down by a plunge in high-flying technology shares, a move that some […]

Market news factors Nov. 26, 2017

NAIROBI, Nov 27 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – GLOBAL MARKETS Asian stocks gave back earlier modest gains and fell back from a decade high on Monday, weighed by weakness in the Chinese […]

Saudi Arabia to crackdown on corrupt officials

Saudi Arabia has announced it will confiscate money and assets held by dozens of top officials and businessmen detained in an anti-corruption crackdown. But the experiences of two other Arab states trying to recover stolen money, Egypt and Tunisia, suggest Riyadh may face years of legal and diplomatic battles to secure assets held abroad. Even […]

PwC’s views on Africa’s oil and how to improve tech

The oil & gas industry in Africa continues to face market challenges arising from the low oil price, competition for revenue growth and local talent together with new expectations from investors and regulators. “Africa’s oil & gas industry is experiencing significant change and upheaval. There are fundamental shifts in companies’ strategies, business models and ways […]

Diary of international market events Oct – Dec 2017

  TUESDAY, OCTOBER 17 WARSAW – National Bank of Poland holds Monetary Policy Council Meeting (no interest rate announcement). SYDNEY – Panel participation by Luci Ellis, Assistant Governor (Economic) of the Reserve Bank of Australia, at the 9th Annual Australian & New Zealand Investment Conference – 0030 GMT. SYDNEY – Reserve Bank of Australia (RBA) […]

Cairo is now a dangerous city for women – report

Cairo is the world’s most dangerous megacity for women while London is the best, according to the first international experts’ poll on how females fare in the rising number of cities with over 10 million people. The Thomson Reuters Foundation survey asked experts in women’s issues in 19 megacities how well women are protected from […]

African markets factors to watch Sept. 27

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – EVENTS: *RWANDA – The central bank makes its latest decision on its benchmark repo rate. *GHANA – The statistics office to release data on second quarter 2017 gross domestic […]

Afreximbank move closer to serve all African countries

Membership of the African Export-Import Bank (Afreximbank) has moved closer to full coverage of the African continent with the decision by the island of Comoros to join the continental multilateral trade finance institution as a participating state. Comoros activated its membership as Afreximbank’s 46th participating state on 12 September when Said Ali Said Chayhane, the […]

North Korea may leave the UN

The chairman of the U.S. Senate’s East Asia subcommittee is asking China and 20 other nations on Monday to clamp down on North Korea by cutting ties, closing down diplomatic facilities and working to oust the country from the United Nations. As North Korea has defied U.N. Security resolutions to conduct nuclear and ballistic missile […]

African app based taxi services steal market share from Uber

Until recently, public transportation in Cairo, Freetown, Lagos, Nairobi and many other African cities was chaotic and accident prone. The mostly unreliable local taxicabs did not alleviate the situation. But Uber’s entry into the continent could be changing the narrative. Uber, the global ride-sharing company that relies on smartphone technology for dispatch and fee payment, […]

AfDB finances new solar projects in Africa

African Development Bank (AfDB) Group has approved three senior loans for a total amount of $55 million to finance three solar PV Projects under the second Round of the Feed-in-Tariff (FiT) Program in Egypt. Alcazar Energy Egypt Solar 1 (Alcazar I), Delta for Renewable Energy (Delta) and Shapoorji Pallonji Energy Egypt (SP), are the three […]

Economic indicators and meetings Aug. 11 – 31 worldwide

FRIDAY, AUGUST 11 JOHANNESBURG – South African Finance Minister Malusi Gigaba speaks at a breakfast event – 0600 GMT. PRAGUE – Czech National Bank (CNB) to publish the minutes of its August policy meeting. SUNDAY, AUGUST 13 SYDNEY – Reserve Bank of Australia Assistant Governor (Financial Markets) Christopher Kent speaks at the Moody’s Analytics Forum […]

MEDx eHealthCenter will help balance demand and supply of healthcare services – Achere

Brenda Achere is Engagement Manager for Africa at MEDx eHealthCenter, a digital health solution headquartered in The Netherlands. Please introduce your company. MEDx eHealthCenter (also known as MEDxCare) is a global IT SAAS (Software As A Service) solution, being a multi-service digital Hospital platform, targeting the needs of HealthCare Seekers and HealthCare Providers in growth markets, […]

African markets operations till Aug 27

———————- TUESDAY, AUGUST 8 ** LIMA – Peru Central Bank President Julio Velarde is scheduled to be interviewed at the Reuters Latam Summit 2017 – 1600 GMT. SYDNEY – Reserve Bank of Australia Assistant Governor (Financial Markets) Christopher Kent speaks at The Bloomberg Address – 2235 GMT. THURSDAY, AUGUST 10 MELBOURNE – Reserve Bank of […]