Africa ETF News for the Past Year
Global Foreign Investment Declines for Second Year As Geopolitical Tensions Rise, UN Trade Body Reports
June 20, 2024--Foreign direct investment (FDI) fell by two per cent to $1.3 trillion in 2023 amid global economic slowdown and rising geopolitical tensions, according to a report released on Thursday by the UN trade and development body, UNCTAD.
Kenya: Blackrock Liquidates Em Fund With Equities in Kenya, Nigeria
June 19, 2024--American asset manager BlackRock has announced the liquidation of its emerging market (EM) funds in Kenya and Nigeria.
The decision follows ongoing liquidity challenges in several frontier markets, which have been exacerbated by delays in the repatriation of funds in dollars.
