AFRICAN CREDIT OUTLOOK: AN ECONOMIST’S PERSPECTIVE

AFRICAN CREDIT OUTLOOK: AN ECONOMIST’S PERSPECTIVE

GAIMIN NONYANE Head of Economic Research desk and Project Manager for Local Knowledge Africa (LKA; an advisory arm at Ecobank Research) at the pan-African bank, Ecobank Group, based in London. Gaimin joined the bank in November 2012, and helped to launch the bank’s first ever Country Profiles, designed to give investors an insight into the operating environment in Middle Africa. Prior to that, she headed the sub-Saharan Africa desk on macroeconomic and political research at…

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Exploring The Benefits Of Bond Issuance In Nigeria

LAGOS, Nigeria, Capital Markets in Africa: Tax Savings Benefit Issuers of bonds enjoy some tax benefits from the deductible nature of the interest on bonds. On one hand this lowers the issuers’ taxes. On the other hand, dividends paid to equity holders are not tax-deductible and must come from income after-tax. Tax savings, therefore, help further reduce a company’s debt financing cost. Cheaper Cost Source of Funding Debt is generally cheaper than equity, because debt…

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Would you like to know how the world’s senior equity traders innovate every year?

Join them at TradeTech Europe this April (12th – 13th) in Paris, and be the first to benefit from the freshest strategies of 2016. Start by downloading the TradeTech Agenda here: http://bit.ly/1S0GjUQ What makes TradeTech the most prestigious equity trading event in Europe? 16 of the Top 20 Asset Managers are already confirmed to speak (and are bringing their team) It is the only conference in Europe that brings together the key players from across…

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Managing African Equity Portfolios in a Challenging Environment

Managing African Equity Portfolios in a Challenging Environment

The Annus Horibilis In a year that felt like an annus horribilis for global investing and where most asset classes from commodities to bonds and equities declined, African equity markets were not spared the rout  in 2015.  Market returns in US dollars for 2015  Source: Bloomberg  The MSCI Emerging and Frontier Markets Index for Africa excluding South Africa fell 22.1% in 2015, although the two largest and most liquid markets fared worse, with Nigeria and Egypt…

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Egypt Equity Markets | 19 Oct 2015 : Egyptian Equity Markets rally, EGX3 up 1.11%, market cap sheds EGP 4.75Mill….

Egypt Equity Markets | 19 Oct 2015 : Egyptian Equity Markets rally, EGX3 up 1.11%, market cap sheds EGP 4.75Mill….

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange Equity Markets rallied today as indices and sectors traded up with the main index making marginal gains at the end of the days session. The equity market capitalisation settled at EGP 453,075 shedding EGP 4.759 million from the EGP 457,834 million recorded at the end of the previous week’s trading session. The benchmark index EGX30 rose by 83.45 points or 1.11 percent to end 7621.67 points from the 7538.22 points recorded previously. The equal-weighted index EGX50 lost by 22.92 points or…

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Zimbabwe Equity Markets | 19 Oct 2015: ZSE Industrial Index starts week in red, ZSE down 0.07%, Market Cap down by US$2 Mill….

Zimbabwe Equity Markets | 19 Oct 2015: ZSE Industrial Index starts week in red, ZSE down 0.07%, Market Cap down by US$2 Mill….

Harare, Zimbabwe, Capital Markets in Africa — The Zimbabwe Stock Exchange (ZSE) industrial index started the week today in the red zone as the main index fell during the days trading while the mining index continued to remain flat. The Industrial Index retreated by 0.10 points to close 130.98 points, down by 0.07 percent. The ZSE Industrial index year-to-date settled at 19.54 percent. The market capitalisation ended at US$3,420 billion down by US$2 million compared to the US$3.422 billion recorded in the previous session. The market activity today recorded a turnover…

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Egypt Equity Markets | 18 Oct 2015 : Egyptian Equity Markets open the week bearish, EGX3 drops 0.74%, market cap sheds EGP 4.75Mill….

Egypt Equity Markets | 18 Oct 2015 : Egyptian Equity Markets open the week bearish, EGX3 drops 0.74%, market cap sheds EGP 4.75Mill….

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange Equity Markets indices and sectors started the week bearish trading lower with the main index shedding the gains made at the end of the previous days session. The equity market capitalisation settled at EGP 453,075 shedding EGP 4.759 million from the EGP 457,834 million recorded at the end of the previous week’s trading session. The benchmark index EGX30 dropped by 56.23 points or 0.74 percent to end 7538.22 points from the 7594.45 points recorded previously. The equal-weighted…

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