News | - Part 45

Rwanda’s Capital Market and City of Kigali studying to address financial problems of city housing costs

Kigali, Rwanda, Capital Markets in Africa — The City of Kigali (CoK) and the Rwandan Capital Market Authority (CMA) are studying moves to spearhead a financial scheme to enable residents in unplanned settlements within the city to move into a decent modern housing. The scheme which is under study will also enable modern buildings as planned in the Master Plan of the City of Kigali. The study is expected to be completed by end of the…

Rwanda’s 10-year Capital Market Master Plan in the offing

Posted on by The Editorial Team

Kigali, Rwanda, Capital Markets in Africa — The Capital Market Authority of Rwanda hosts a strategic planning roundtable designed to initiate the process of developing a ten-year capital market development master plan (CMMP). The three-day off-site meeting brought together international and regional experts as well as high-level Rwandan officials from the public and private sectors. Among the delegates were renowned capital market experts from 14 countries across the globe who were in the roundtable they included:…

Bank of Namibia maintains Repurchase Rate at 6.50 percent, amid of strong foreign reserves

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Windhoek, Namibia, Capital Markets in Africa — Bank of Namibia keeps the Repurchase (Repo) rate unchanged at 6.50 percent at the Monetary Policy Committee meeting held on the 20th October 2015 , according to Monetary Policy Committee (MPC) statement issued by Deputy Governor of the Bank, Mr. Ebson Uanguta. In the statement, the decision to keep the rate at 6.50 percent was underpinned by the recent improvement in the key economic indicators despite weak activities…

Bank of Uganda raises Central Bank Rate by 1.0 percent to 17 percent

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Kampala, Uganda, Capital Markets in Africa — Bank of Uganda has raised the Central Bank Rate (CBR) by 1.0 percentage points to 17 percent in October 2015, according to a Monetary Policy statement, issued by Governor Professor Emmanuel Tumusiime -Mutebile. This increase has resulted to cumulative increase of 6.0 percentage points in 2015, the previous increases were 1.0 percentage points (in April and June meetings) and 1.5 percentage points (in July and August meetings). In the Monetary…

Angola cuts budget by 50% as oil prices fall

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Luanda, Angola, Capital Markets in Africa — The government of Angola, sub-Saharan Africa’s second-largest crude producer, cut spending by half this year following a plunge in oil prices. Vice President Manuel Vicente who made the announcement said the country has reduced public investment by 53 percent. Oil prices have slumped by more than half since June, threatening Angola, which relies on crude for almost all of its exports and more than two-thirds of government income….

IFC Launches Mini-Grid Program to Increase Energy Access in Tanzania

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Dar es Salaam, Tanzania, Capital Markets in Africa — International Finance Corporation (IFC), a member of the World Bank Group, this week launched a $5 million program to increase access to energy in Tanzania by developing a market for mini-grids. The initiative aims to bring affordable, off-grid renewable energy to households and businesses in rural Tanzania. IFC will work with project developers in Tanzania to promote commercially viable mini-grid business models, and will advise banks…

Moroccan govt endorses 2016 budget, GDP grows 4.5% in Q3, inflation rises to 0.3% in September

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Casablanca, Morocco, Capital Market in Africa — Morocco’s government has ratified the draft budget for the fiscal year 2016, which showed expected deficit of around 3.5%, economic growth at 3%, at oil prices of US$61 per barrel. The budget targets bolstering fundamentals of balanced economic growth, while encouraging supply through motivating industries and private investment, said the government spokesman Moustafa Al Khalfi. Morocco’s economy grew 4.5 % year-on-year during the third quarter of 2015, up…

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