Caution reigns as inflation worries rise amid soaring energy costs – Susannah Streeter

Caution reigns as inflation worries rise amid soaring energy costs – Susannah Streeter

LONDON (Capital Markets in Africa) – ‘’Caution is the name of the game on equity markets with expectations that aggressive policies to tame roaring inflation will continue despite fresh signs that the US economy is slowing. The dramatic fall in the S&P Global composite PMI in August highlighted how demand was falling for the US services sector in particular as supply chain snarl ups, inflationary pressures and interest rate hikes took their toll. The ultimate…

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Use 1Stream’s CRM with Built-In Voice Capabilities to Meet All Your Business Needs

Use 1Stream’s CRM with Built-In Voice Capabilities to Meet All Your Business Needs

A fully integrated CRM is essential to ensure that your sales, service and marketing teams can work hand-in-hand to deliver an excellent customer experience. 1Stream’s innovative all-in-one CRM solution is specifically designed to manage customer service and drive sales from one centralised, omni-channel platform, with built-in voice capabilities. Here are 4 benefits 1Stream’s CRM solution can provide for your organisation: Everything operates off one platform 1Stream’s CRM solution securely stores all information about your customer – including every sale,…

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Africa: Another close election and mixed signs from Egypt and Nigeria

Africa: Another close election and mixed signs from Egypt and Nigeria

LAGOS (Capital Markets in Africa) – With the dust not yet settled on Kenyan elections, political analysts’ plates will be thrown another meaty election with Angolan polls set to take place next week. Polling suggests it is going to be a close race, and we could see the first change in government since Angolan independence — if the ruling MPLA allows for this change, that is. In Egypt, communication from the CBE suggests its change…

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Why East Africa’s Facing Its Worst Famine in Decades: QuickTake

Why East Africa’s Facing Its Worst Famine in Decades: QuickTake

NAIROBI (Capital Markets in Africa) – A humanitarian disaster is unfolding in East Africa, which is in the grip of its worst drought in at least four decades. More than 80 million people across Somalia, Ethiopia, Kenya, Sudan, South Sudan, Uganda and Djibouti are food insecure, and almost half of them are having to sell their possessions in order to eat, according to the World Health Organization. With forecasters seeing a high risk of rains…

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S&P: External Environment For Emerging Markets Is Becoming More Difficult

S&P: External Environment For Emerging Markets Is Becoming More Difficult

NEW YORK (S&P Global Ratings) Aug. 17, 2022–Emerging markets (EMs) have been experiencing significant net portfolio outflows over the past few months, according to S&P Global Ratings (see attached report). Tightening financing conditions, expectations of economic slowdown in developed economies, as well as geopolitics are all contributing to portfolio outflows from EMs, particularly from China. External environment for EMs is currently worsening, and we expect pressures on EM assets to remain. A more polarized political…

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S&P: Sub-Saharan Africa Remains Out Of Step With Islamic Finance

S&P: Sub-Saharan Africa Remains Out Of Step With Islamic Finance

JOHANNESBURG (Capital Markers in Africa) -Islamic finance is an unlikely showstopper across Sub-Saharan Africa. Despite the region’s pronounced financing needs, particularly for infrastructure projects and to repay COVID-19-related debt, S&P Global Ratings believes that Sub-Saharan countries will access the market via multilateral institutions (MLIs) instead of through sukuk issuances. Sukuks’ Run May Be Short-Lived We foresee limited market issuance–of both sukuk and conventional debt–across Sub-Saharan Africa (SSA) over the remainder of the year. Senegal was…

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Africa can learn from the Indian rebound – Cheryl Buss, CEO Absa International

Africa can learn from the Indian rebound  – Cheryl Buss, CEO Absa International

LAGOS (Capital Markets in Africa) -The Indian response to the COVID-19 pandemic could serve as a blueprint for economic recovery for the African continent. While there is a major focus on the Chinese expansion into Africa, there is often less appreciation of the importance India plays in Africa. Countries like Nigeria, Mozambique, Ghana and Tanzania all count India as their single biggest export trading partner while South Africa is India’s largest trade market on the…

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