Nigerian MPC At a Crossroad; Between Domestic Stability and External Balance

Nigerian MPC At a Crossroad; Between Domestic Stability and External Balance

Lagos, Nigeria, Capital Markets in Africa — The Nigerian Monetary Policy Committee (MPC) will be sitting for its 5th session this year between 21st and 22nd September 2015 to review developments in the global and domestic economy, together with the financial market since its last meeting (23rd and 24th July 2015). It is expected that deliberation at the meeting will center on the slowing domestic growth, persistent exchange rate uncertainty, increasing risk perception in the local…

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Nigeria: Scrutinizing the “Change Agenda”…100 days Appraisal

Nigeria: Scrutinizing the “Change Agenda”…100 days Appraisal

LAGOS, Nigeria Capital Markets in Africa — Following the result of the 2015 presidential polls, the new administration was ushered into power amidst groundswell optimism. We attempt an appraisal of the performance of the Buhari led government 100 days after inauguration (since May 29, 2015), having been sworn in amidst high expectations of structural reforms, improvement of government’s fiscal state, tackling of endemic corruption and stamping out insurgency in Northern Nigeria. Although the much awaited…

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The illicit flow of funds moves billions of dollars in Africa — Thabo Mbeki

The illicit flow of funds moves billions of dollars in Africa — Thabo Mbeki

LUANDA, Angola, Capital Markets in Africa — The continent of Africa loses over 50 thousand million dollars each year as a result of the illicit flow of funds, Thabo Mbeki (former president of South Africa and now head of the UNECA-AU High-level Panel on Illicit Financials Flows From Africa) told the meeting of the Group of African Governors affiliated with the World Bank and the International Monetary Fund, known as the African Caucus. “Africa faces the…

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Diversification of the economy requires a consistent policy — Abraao Gourgel

Diversification of the economy requires a consistent policy — Abraao Gourgel

LUANDA, Angola, Capital Markets in Africa — The Minister for the Economy of Angola, Abraão Gourgel, spoke during the panel discussion on Transformation and the Diversification of the Economy, the Angolan Experience. According to Mr. Gourgel, the process of diversification of the Angolan economy is based on five main objectives including establishing support for emerging businesses. To achieve this objective the Guiché Único (One-Stop) system was created, reducing the costs of formalising business ventures by 90 per cent….

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President of the African Caucus urges the combat of illicit financial flows in Africa

President of the African Caucus urges the combat of illicit financial flows in Africa

LUANDA, Angola, (Capital Markets in Africa) — The President of the African Group and Minister of Finance of Angola, Armando Manuel, declared in the welcoming speech to the participants at the Luanda Caucus- 2015 meeting. “This obliges us to look for other sources of financing including savings that can be made from restricting illicit financial flows from Africa, especially measures that can be taken to radically reduce these mass monetary outflows and guarantee that they are used…

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Africa need further integration of economic activities — Angolan VP

Africa need further integration of economic activities — Angolan VP

LUANDA, Angola (Capital Markets in Africa) — The Angolan Vice-President, Manuel Vicente, stated in the African Caucus forum that there is no sustainable development while there is poverty. In his opening speech Manuel Vicente, representing the President of Angola, José Eduardo dos Santos, in the meeting of the Ministers of Finance and Governors of the African Central Banks, together with the World Bank and the International Monetary Fund also noted that African countries must have a…

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Capitalize on today’s changing workforce to drive business success — Charles Brewer

Capitalize on today’s changing workforce to drive business success — Charles Brewer

CAPE-TOWN, South-Africa (Capital Markets in Africa)  — The workforce landscape has evolved quite significantly over the last few decades, with women in leadership and milliennials (Generation Y) taking centre stage as the drivers of business performance in the future. As with many other industries, the logistics industry has traditionally been male-dominated, but this has been changing over time. Charles Brewer, Managing Director of DHL Express Sub Saharan Africa (SSA), says that the company has made great…

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