Features | - Part 253

Nigerian MPC harmonizes CRR on Banks’ Deposits to 31.0%

Lagos, Nigeria (Capital Markets in Africa):- The Monetary Policy Committee (MPC) at its 244th meeting decided to harmonize the Cash Reserves Requirement (CRR) on public and private sector deposits to 31.0%. The effect of macroeconomic issues in the global space were considered and analysed with the conclusion that no near term external shock is expected to affect the domestic economy. The growth potential of the domestic economy was reported weak but did not call for a…

Private Equity activity expected to increase by 83% over the next 12 months – Deloitte

Posted on by The Editorial Team

Johannesburg, South Africa (Capital Markets in Africa) :- The African continent is becoming an increasingly attractive investment destination for private equity players looking to access its high-growth economies and rapidly emerging consumer class. A survey by Deloitte, partnered by The Southern African Venture Capital and Private Equity Association, SAVCA, showed that the interest has been buoyed by oil and gas discoveries and a growing consumer class. The expectation that emerging markets will generate growth has seen a…

Nigeria MPC Meeting: Economists Say Slow Growth, High Inflation, Naira Value Will Top Agenda

Posted on by The Editorial Team

When members of the Central Bank of Nigeria’s Monetary Policy Committee (MPC) meet for their 244th meeting in Abuja tomorrow, economic experts believe the key policy considerations will be the current stagnation in the nation’s growth rate, high inflation, naira volatility, precarious state of the nation’s external reserves and anxiety over the policy thrust of the incoming administration. Speaking in separate interviews, the economic experts also explained that although the committee may not want to…

Nigerian MPC to Retain Status Quo for Later Devaluation?

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Lagos, Nigeria (Capital Markets in Africa):- In light of the recent happenings in the monetary and fiscal policy space, the Monetary Policy Committee (“MPC”or “The Committee”) will be sitting on the 18th and 19th May, 2015 for its third meeting in the year to discuss and take critical policy decisions relating to the economy. In the plethora of issues to be considered, the recent pressure on exchange rate, declining external reserves, rising price level and…

AFDB Agenda for Africa: Akinwumi Adesina, Nigeria’s Agriculture Minister & Candidate for AfDB President

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Abuja, Nigeria (Capital Markets in Africa):- Africa is experiencing a never-before-seen economic and political transformation. Five of the world’s 10 fastest-growing economies are located here. While there are many reasons to celebrate the improved economic performance, daunting challenges remain. Foremost among them are widening economic and social inequalities that have resulted from non-inclusive growth. Africa’s poverty rates are still the highest in the world. Since the end of the colonial era, the African Development Bank…

African Telecommunications sector to boost M&A activity

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London (Capital Markets in Africa):- Moody’s released a report titled: M&A Activity to Reshape Competitive Environment as Markets Mature and Consolidate, on 14 May 2015, stated that it expects more consolidation within African telecom’s markets as existing operators (especially smaller third or fourth tier companies) are looking for ways to minimise costs and increase their market share. The report highlighted further, that African telecoms market comprised of a mix of local, regional and international operators,…

Positive Outlook for Hospitality industry in South Africa, Nigeria, Mauritius and Kenya

Posted on by The Editorial Team

Johannesburg, South Africa (Capital Markets in Africa):- South Africa’s hospitality industry is prepared to grow further in the next five years, with most growth in the sector expected to be generated in Cape Town, according to a report released by PwC today. Nikki Forster, Hospitality Industry Leader for PwC, Southern Africa, says: “Although South Africa’s economy has weakened, the hotel industry in 2014 has benefited from an increase in foreign visitors and rising room rates.” PwC’s…

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