Regardless of who wins the next Nigeria's presidential election, the West African economy is heading for further macroeconomic adjustment, according to Jan Dehn, Head of Research at Ashmore.
Nairobi-based ICEA LION Asset Management (ILAM), an affiliate of the pan-African Imara financial services group, has exceeded $1bn level in assets under management (AUM).
Standard Bank Private Clients will be renamed ‘Wealth and Investment’ to reflect its commitment to adapting its service offering to the evolving needs of its customers as well as to align to global standards for high net worth wealth management.
Global megatrends, such as rapid urbanisation and demographic changes, will drive growth opportunities in the real estate industry across the African continent over the next five years, according to PwC.
North African cities of Cairo, Tunis, Algiers and Casablanca are believed to be among the most dynamic and future focused on the continent, according to the PwC’s first edition of the ‘Into Africa – the continent’s cities of opportunity’ report.
CfC Stanbic Bank and Markit, a financial information services provider, have launched the Purchasing Managers’ Index (PMI) for Kenya, a composite index premised on providing the earliest, most accurate and most comprehensive suite of economic indicators in the country.
Egypt has secured $60bn of direct investments and soft loans commitments to drive social inclusion and job creation in the country.
The Egyptian Exchange (EGX) has started working on the second phase of improving the over the counter (OTC) market mechanisms.
Global pension funds have a good reason to look at African infrastructure, according to Nicolas J. Firzli, co-founder and Managing Director of the World Pensions Council.
Morocco’s microfinance sector is stronger today that it was before the crisis, but still has not reached its full potential, according to Joumana Cobein, IFC Country Manager for the Maghreb region.
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and the Government of Niger have signed an agreement to setup a 150bn CFA franc ($253m) sukuk program.
The Pan African Housing Fund (PAHF), managed by Phatisa, has partnered with Africa Reit to secure a six-acre property located in the Karen-Lang’ata area of Nairobi, Kenya.
Low oil prices, downward pressure on the Nigerian naira, and the delayed presidential election - all raise credit risk and reduce growth opportunities for the country's banks, according to Standard & Poor's Ratings Services.
Economic growth in Africa has outpaced political reform and governments have so far failed to tackle key structural issues, according to Control Risks, a business risk consultancy.
