Economy |

Africa Today’s main economic and political developments across the continent

LAGOS (Capital Markets in Africa): While this week’s CPI print in South Africa changed the discussion from whether the Sarb will cut in September to by how much, other smaller central banks seem to be well ahead of the curve. North of the border, Botswana’s central bank has recently implemented its second 25-bps policy rate cut this year. Another cut is expected in 2024. Meanwhile, Rwanda, too, has implemented a second-consecutive policy rate cut, with…

Alejandro Betancourt López’s Vision for Mobile Banking in Africa’s Financial Growth

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LAGOS (Capital Markets in Africa): Mobile banking has emerged as a game changer in Africa, offering innovative solutions to financial inclusion and economic development. Entrepreneur and investor Alejandro Betancourt López believes mobile banking has opened new avenues for financial services, especially in regions with limited access to traditional banking infrastructure. Alejandro Betancourt López emphasizes the importance of mobile banking in his blog post “Importance of Mobile Banking in Africa’s Financial Development.” Betancourt López wrote that…

Bolstering the Future: Celebrating Innovation and Financial Inclusion at the 15th Edition Connected Banking Summit – Ethiopia 2024

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Addis Ababa, Ethiopia – August 14, 2024 – Ethiopian Skylight Hotel – The Ethiopian Skylight Hotel in Addis Ababa became the center of innovation and excellence on August 14th, 2024, as it hosted the 15th Edition Connected Banking Summit – Ethiopia Innovation & Excellence Awards 2024. This significant event celebrated outstanding achievements in the banking and financial services industry, centered around the theme “Bolstering the Economy with Digitization and Financial Inclusion.” A Dynamic Platform for…

Empowering Telecom Innovation: 5th Edition Connected Africa Summit Shines in Johannesburg

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Johannesburg, South Africa – The 5th Edition Connected Africa Summit – Africa’s Premier Telecom Summit, co-hosted by Accenture, concluded with resounding success, marking a pivotal moment in the telecommunications landscape of the continent. Held in the vibrant city of Johannesburg, this year’s event served as a testament to the region’s leadership in driving innovation and excellence in the telecom sector. A Dynamic Gathering of Telecom Leaders With an impressive turnout of over 300 attendees representing…

S&P: Morocco Outlook Revised To Positive On Improving Socioeconomic And Budgetary Reform Trajectory

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CASABLANCA (Capital Markets in Africa) – Morocco’s economy has proven resilient in the face of multiple shocks over the past five years, and maintained access to domestic and external financing. We believe that the continued implementation of socioeconomic and budgetary reforms will help formalize the economy further and make it more inclusive and competitive, thereby stimulating GDP growth and bringing down budget deficits, albeit gradually. The budget and current account deficits decreased more than we…

Building Bridges in Banking: The Power of Partnerships from the Nairobi Summit 2024

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Nairobi, Kenya – The Connected Banking Summit, orchestrated by The International Center For Strategic Alliances (ICSA), has once again demonstrated its unparalleled ability to bring together the brightest minds in banking, fintech, and financial services. The 11th Edition Connected Banking Summit- Innovation & Excellence Awards East Africa 2024 took place on 6th of March, 2024 in Nairobi, Kenya, enriched by the support of partners like Kaspersky, Freshworks, TransUnion, and Access Bank, became a melting pot…

2024 investment lookahead: UK vs US, bond yields compelling and gold on a roll

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LONDON (Capital Markets in Africa) – 2024 is not going to be a year of rapid or sustained economic growth. Market consensus in recent weeks seems to have shrugged off recession fears and is pricing in a Goldilocks scenario, where central bankers cut interest rates but not because they are forced too by an economic hard landing. We aren’t quite as optimistic. Countries and corporates that have loaded up on debt in an era of…

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