INTO AFRICA: African Economic Outlook in 2016

INTO AFRICA: African Economic Outlook in 2016

LAGOS, Nigeria, Capital Markets in Africa — In 2015, Africa experienced its slowest economic growth rate since the 1998 global financial crisis. The Sub-Saharan Africa real GDP growth fell from 5.0 percent in 2014 to 3.75 percent in 2015 (IMF’s estimates). The downside risks in 2015 (low commodity prices, a slowing in China’s growth and uncertainty in the level of USA’s real growth rate) are expected to spill-over to 2016 but with reduced impact. As…

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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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Pessimism creates the best optimism in the long run — Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

Pessimism creates the best optimism in the long run — Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

Emerging market guru, Dr. Mark Mobius, Executive Chairman, Templeton Emerging Markets Group, Franklin Templeton Investments, has been investing in global emerging markets for more than 40 years. He joined Templeton in 1987 and currently directs the Templeton research team, which is based in 18 global emerging markets offices, and manages emerging markets portfolios including Africa. Mark Mobius shares his views on the prospects and challenges in 2016 with Capital Markets in Africa.   Retrospectively, in your…

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African exchanges need a platform for cooperation and the development of their capital markets — Karim Hajji, CEO, Casablanca Stock Exchange

African exchanges need a platform for cooperation and the development of their capital markets — Karim Hajji, CEO, Casablanca Stock Exchange

Karim Hajji, Chief Executive of the Casablanca Stock Exchange (CSE) gives an exclusive interview to Capital Markets in Africa and elaborates on aspects of Moroccan capital markets development and investment opportunities.  He also spoke about the need to make African exchanges more liquid and advocated for African exchanges to strengthen their ties in order to create a platform for successful cooperation and to identify avenues for the development of their capital markets. The Casablanca Stock Exchange is one of…

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African capital markets play an important role in fostering African economic growth — Sunil Benimadhu, CEO, Stock Exchange of Mauritius

African capital markets play an important role in fostering African economic growth — Sunil Benimadhu, CEO, Stock Exchange of Mauritius

Sunil Benimadhu, Chief Executive of the Stock Exchange of Mauritius (SEM) gives an exclusive interview to Capital Markets in Africa and elaborates on aspects of capital markets development in Africa. Sunil has played an instrumental role in uplifting the operational, technical and regulatory infrastructure of the SEM and contributed to its emergence as one of the leading Exchanges in Africa. He is a regular speaker on emerging markets and on African markets in international stock exchange conferences  To…

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African Stock Market October 2015 Performance: South African equity best performer for local and foreign investors in October, BRVM YTD leader …

African Stock Market October 2015 Performance: South African equity best performer for local and foreign investors in October, BRVM YTD leader …

Lagos, Nigeria Capital Markets in Africa — African stock market performance measured by country equity benchmark index returns ended in negative for the month of October, with six gainers and twelve losers on the local currency basis. Still on local basis return, the October’s average return of -0.9 percent was recorded across eighteen African stock indices and October monthly returns range from  -6.6 percent recorded by the Kenyan equity markets (measured by NSE All Share Index) to +7.4 percent registered by the South African…

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Africa Equity Weekly | 23 Oct 2015: Egyptian Equity pulls African Equity Market to the Green Zone … South Africa, Nigeria among gainers

Africa Equity Weekly | 23 Oct 2015: Egyptian Equity pulls African Equity Market to the Green Zone … South Africa, Nigeria among gainers

Lagos, Nigeria, Capital Markets in Africa —  The African equity markets ended in the green zone at the end of Friday 23 October, among the eighteen African equity indices ten ended in green and six  in the red zone (Swaziland All Share index and Rwandan All Share index remained unchanged to end at 312.38 points and 133.83 points respectively) compared to the previous week ending Friday 16 October 2015. The overall average return of the eighteen…

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