Africa
Corruption Woes Still Weigh Heavily on South Africa’s Business Climate
As the latest corruption scandal hits the already controversial administration of Jacob Zuma, investors are left wondering about the stability of Africa’s most industrialized economy.
31 Jul 2017
Africa Credit Markets Brief: 13 July – 27 July
Sub-Saharan African investment banking fees reached US$244.7mn during the half of 2017 – South Africa to issue a US$2bn Eurobond – South Africa’s central bank cuts rates – Nigeria’s inflation fell to a 13- month low – Kenya’s National Treasury extended the sale of securities through M-Akiba platform – Mozambique defaulted on Eurobond payment – Ghana will not extend IMF programme –Republic of…
27 Jul 2017
Fear and Loathing in Emerging Markets: EM Investing After the Crisis
When it became apparent, after the collapse of Lehman Brothers, that the global economy was encountering something more than just an ordinary downturn, most market observers were certain they knew what was in store for emerging markets. After all, the three decades prior to 2008 were littered with crises in developing economies from Mexico to Malaysia. Still, while the worst never came to pass…
26 Jul 2017
Africa Credit Markets Brief: June 29 – July 12
South Africa’s Myriad International Holdings tapped the international markets – Eskom signed loan agreement with China Development Bank – Private sector activity in South Africa fell in June – Nigeria sells T-Bills worth NGN31.9bn – Nigeria’s government intervenes to avert the collapse of Etisalat Nigeria – Kenya delays plans for maiden sukuk – Chad attempts to delay loan repayment – Gabon gets…
12 Jul 2017
Nigeria’s Issuance Paving the Way for Corporates
The recent international issuances by both the sovereign and Nigerian lenders have been a hit with investors, this might as well inspire corporates to jump into the debt wagon soon enough. However, the West African nation still has a long way to go if it intendeds to take advantage of the markets positive sentiment towards Nigeria and bolster its local capital markets.
7 Jul 2017
SWOT Analysis: Nigeria
A closer look at the major strengths, weaknesses, opportunities and threats influencing the investment and debt capital markets climate in Nigeria
30 Jun 2017
Africa Credit Markets Brief: June 16 – June 29
South African lawmakers rebuff watchdog on CB mandate shift – Sibanye Gold sells new dual tranche notes – Etisalat Nigeria woes deepen – Nigerian banks line up fresh bond transactions – UBA Kenya subsidiary plans to tap parent company bond – Ivory Coast sees strong auction results – Morocco delays local sukuk sale – Coral South project reaches financial close – new investment laws coming to Egypt…
29 Jun 2017
Should Indexing Remain a Business?
In constitution and performance, indexes are in large part designed to act as a mirror to the markets they reflect, with investors largely vying for ways to exploit information deficiencies and fleeting hunches to beat them. But in emerging markets, there is a huge discrepancy between the assets that compose these indexes and the actual asset class, raising fundamental questions about the purpose…
26 Jun 2017
Is Kenya’s Economic Model Sustainable?
Kenya is a leading engine of growth in East Africa, but analysts are growing increasingly concerned about the country’s ability to keep up the pace as a toxic combination of credit growth-stifling regulations, excessive government borrowing and low revenue generation conspire to threaten its outlook.
19 Jun 2017
Africa Credit Markets Brief: June 2 – June 15
Afreximbank closed a US$1.2bn loan – Cote d`Ivoire issued international bonds – Ghana’s inflation fell -Kenya to sell T-bills – VTB ready to work with Mozambique on debt restructuring – Namibia is struggling to repay a debt to EDF – Zenith’s Eurobond is oversubscribed – Nigeria to sell local sukuk – Moody’s downgraded South Africa’s credit rating, banks and insurers – Swaziland is looking to…
15 Jun 2017