Falling forex reserves and rising external debt burdens in particular weighed on sovereign risk across the continent, according to NKC African Economics.
Markets & Industry News
Bujumbura (Burundi), Freetown (Sierra Leone) and Dar Es Salaam (Tanzania) will experience the fastest GDP growth over the period 2017 to 2035, according to an annual report from Oxford Economics.
Capital raised in domestic listings by African issuers increased for the second year in a row, according to research in the latest Global Cross-Border Index from Baker McKenzie.
For the last two years the Uganda financial sector has been struggling, amid sluggish economic growth and a rising portfolio of bad loans, according to Michael Kimondo, Head of Treasury Operations at Fusion.
Kenya’s longer-term growth prospects are likely to re-ignite activity in Nairobi’s real estate sector absorbing stock over the medium term, according to Gerhard Zeelie, Head of Real Estate Finance, Africa Regions for Standard Bank.
While commonly-used quantitative methods such as information ratios and peer group rankings are useful for prescriptive analyses of a manager’s prior performance, they are less useful for predicting which managers will outperform in the future, according to FIS Group.
The 2017 version of Ecobank Research’s Fixed Income, Currency and Commodities (FICC) Guidebook, indicates a positive outlook for the African continent in 2018.
South Africa needs to deal with issues of coverage, mandatory contributions and increased preservation to improve its pension system, according to the Melbourne Mercer Global Pension Index.
MSCI has recently released its IPD South Africa Annual Green Property Index, which supports the investment case for green buildings in the commercial property sector.
Africa50, an infrastructure investment platform for Africa, has signed a development agreement with Senelec, Senegal's electricity provider, for competitive selection of a strategic sponsor to develop a 120 MW combined cycle thermal power plant at Malicounda.
Stanlib, a South African fund manager with R593bn AUM, is planning to close down a number of equity funds to boost returns as part of a restructuring, Bloomberg has reported.
African Rainbow Capital Investments has listed in the “Financials – Speciality Finance” sector of the Main Board of the Johannesburg Stock Exchange.
Mara Delta Property Holdings has changed its name to Grit Real Estate Income Group Limited to better reflect the current and future growth ambitions of the organization.
The Reserve Bank of Zimbabwe (RBZ) is reportedly planning to increase the current $200m bond notes in the Zimbabwean economy to $500m given the shortage of cash in circulation.