The Editorial Team |

Democratic Republic of the Congo B3 rating balances economic fragility with healthy growth prospects

The Democratic Republic of the Congo’s (DRC) B3 rating primarily reflects the country’s fragile economy and very low per capita income relative to its peers, Moody’s Investors Service says in its latest Credit Analysis for the country published this week. However, the country’s robust growth prospects mitigates some of these constraints. The annual report is available through the links at the end of this press release. The research is an update to the markets and…

IMF Staff Completes discussions with the Central African Economic and Monetary Community

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London, (Capital Markets in Africa):- A team from the International Monetary Fund (IMF), led by Mario de Zamaróczy, visited Libreville and Yaoundé during April 23–May 7, 2015 and held discussions with the institutions of the Central African Economic and Monetary Community (CEMAC1) on common policies for member countries. Mr. Bernard Laurens, mission chief for the CEMAC Financial Sector Assessment Program, joined the mission to discuss financial sector reforms to promote stability and development. At the…

Credit Suisse sees consolidation in commodity markets

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Lagos, Nigeria (Capital Markets in Africa) — Commodities were lower in March, largely driven by fundamental supply factors and macroeconomic headlines, according to Credit Suisse Asset Management. The Bloomberg Commodity Index Total Return performance was negative for the month, with 17 out of 22 Index constituents trading lower. Credit Suisse Asset Management observed the following: Energy was the worst performing sector, down 9.22%, as a global oversupply of crude oil continued to serve as a…

How to use Bollinger Bands when trading the markets

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EXPLOSIVE moves: everyone wants to be part of them, but how can we detect them before it’s too late? A basic indicator which is standard on most systems are Bollinger Bands. Loading this indicator for a FX pair like euro-dollar will show you the 20 day moving-average and the standard deviation of price over the same period. The standard deviation will be shown as two lines, one above and one below the current 20 day…

Reserve Bank of Malawi Keeps Policy Rate at 25% as Inflation Ease in April

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LILONGWE, Malawi, Capital Markets in Africa — Reserve Bank of Malawi Monetary Policy Committee (MPC) met on 29 April 2015 to review recent global and domestic economic developments, and decided to maintain the Policy Rate at 25 percent and Liquidity Reserve Requirement (LRR) at 15.5 percent. The Malawi real GDP growth is estimated at 5.4 percent in 2015 from the previous projection of 5.8 percent. The downward revision has been necessitated by a contraction in…

U.S. Brookstone to invest $750 mln in Ivory Coast hydro project

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Abidjan, Cote D’Ivoire (Capital Markets in Africa):- U.S. private equity firm Brookstone Partners plans to invest up to 450 billion francs CFA ($750 million) in three hydroelectric dams in Ivory Coast through its Moroccan arm Platinum Powers, a company executive said on Wednesday. Kamal Abdelhafid, engineer and strategic director of the group, told Reuters in the Ivorian commercial capital Abidjan that the projects aim to meet rising power demand in francophone West Africa’s biggest economy….

New York Pension Fund to Invest up to 3% of its assets in Africa

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London (Capital Markets in Africa):- At a conference in London last week, Vicki Fuller, the Chief Investment Officer of the New York State Common Retirement Fund, revealed that it is planning to allocate as much as 3% of its assets, (approximately $5 billion), to investing in Africa over the next 5 years. Private equity, venture capital, infrastructure and real estate opportunities all look set to benefit. With priority being given to managers with offices in African…

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