The Editorial Team

Global: Why inflation’s being stubborn and what might make it more so

LAGOS (Capital Markets in Africa) – A brief history of monetary and fiscal policy of the twentieth century would go something like this. Monetary policy before the Great Depression of the 1930s was a much more limited endeavour in comparison to its contemporary scope, and it took a back seat to fiscal policy. Under John M. Keynes’ influence of fiscal policy came to be seen as an economic cure-all, relegating monetary policy to the rear…

Register for Investing in Africa with AF2210M discount code

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The Investing in Africa Event not to be missed 10th and 11th October, London, UK AFSIC – Investing in Africa 2022, Africa’s investment event, www.afsic.net, scheduled for the 10th and 11th October in London promises this year to deliver some exceptional investment and networking opportunities for everyone interested in doing business and investing in Africa. Firmly established as a leading event focussed on driving investment into Africa, AFSIC has this year attracted some exceptional partners and sponsors who are…

South Africa: Grey listing still avoidable, but time is running out

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LAGOS (Capital Markets in Africa) – A preliminary evaluation report compiled by the Financial Action Task Force (FATF) in October 2021 showed that South Africa complied with only three of the group’s 40 benchmark recommendations to combat illicit financial activity. South Africa has until October 2022 to put forward a credible plan that maps out how government intends to address deficiencies in the country’s ability to investigate and prevent illicit financial activity. Failing to do…

Register for Investing in Africa with AF22-20 discount code

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Ghana: Outlook contingent on reaching deal with IMF

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Goldman Sachs anticipated that Ghana will need six to nine months from the start of negotiations with the International Monetary Fund (IMF) to reach a deal on a funded program, as it considered that authorities are not showing a sense of urgency to conclude an agreement with the IMF. It expected the government to rely on foreign currency reserves to meet its external financing needs in the near term given the lack of international market…

Regulatory fines and fraud dominate bank governance shortcomings

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LAGOS (Capital Markers in Africa) – Fitch Ratings identified more than 600 reports on banks globally with meaningful cases of governance failure between 2020 and June 2022, out of more than 1,500 reports on banks that were subject to financial crime, governance and regulatory issues, or institutional scandals. First, it indicated that nearly 300 reports fell in the ”regulatory fines” category. It noted that the majority of the fines were minor and consist of small…

Base Metals: Copper prices to average $7,600 per ton in 2022

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LAGOS (Capital Markets in Africa) – LME copper cash prices averaged $9,293.7 per ton in the year- to-August 24, 2022 period, constituting an increase of 1.4% from an average of $9,164 a ton in the same period of 2021. Supply disruptions and expectations of robust global demand drove the rise in prices. Also, copper prices declined to $8,076 per ton on August 24, 2022 from an all-time high of $11,299.5 a ton on October 18,…

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