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UN Economic Report on Africa 2015
November 2, 2015--Industrializing through trade
This Report examines and provides analysis on the critical elements of effectively fostering industrialization and hence structural transformation based on an extensive review of experience with industrialised countries and Africa's post-independence attempt at industrialization.
Ten country case studies were also conducted to shed light on industrializing through trade. The findings from this exercise informed the policy recommendations contained in this Report.
view the Industrializing through trade Economic Report on Africa 2015
Source: UN
Regional Economic Outlook: Sub-Saharan Africa Dealing with the Gathering Clouds
October 27, 2015--Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region.
Some countries have been negatively affected by falling prices of their main commodity exports, Oil-exporting countries, including Nigeria and Angola, have been hit hard by falling revenues and the resulting fiscal adjustments, while middle-income countries such as Ghana, South Africa, and Zambia are also facing unfavorable conditions.
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Source: IMF
Nigeria: NSE Market Indices Dip Further By 0.05 Percent
October 25, 2015-Equity transactions on the Nigerian Stock Exchange (NSE) dropped on Friday as the market indicators depreciated by 0.05 per cent
due to sell pressure.
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Source: AllAfrica.com
Cross-exchange trading between Ghana and Nigeria stock exchanges
October 24, 2015--Brokers on the Ghana and Nigerian Stock Exchanges in July achieved a first cross border securities trade under the stage "sponsored access" of West Africa's capital markets integration first launched 2013.
This opens the way for more cross-border deals.
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Source: africancapitalmarketsnews.com
Strengthening the West African Economic and Monetary Union: The Role of Fiscal and Market Institutions in Economic Stabilization
October 23, 2015--Summary: West African Economic and Monetary Union (WAEMU) countries face a well-known dilemma between the need to provide shock-smoothing mechanisms and the lack of adequate mechanisms to do so.
WAEMU countries are subject to frequent and, to a large extent, asymmetric shocks. They have remained poorly diversified and vulnerable to external shocks, such as changing weather conditions. In addition to limited shock-smoothing mechanisms at the regional level, WAEMU members' ability to respond to shocks through national policies is also constrained by limited fiscal space and the need to preserve external stability-not only at the national level but also at the union level. In this context, developing a well-defined fiscal rule framework at the national level would help to build the necessary fiscal space for shock-smoothing. In addition, the development of specific shock-smoothing mechanisms-including a more developed and integrated financial sector-would also be critical. In addition, promoting financial development is also a challenge, which needs to be addressed in tandem with an adequate surveillance system. Some of these challenges have been faced by other monetary unions, such as the euro area.
Africa's Population Boom Can Propel the Region's Economic Take-Off
October 22, 2015--Government policies and actions taken today in Africa can increase the likelihood of capturing the potential benefits from the region's rapid population growth and propel economic takeoff, according to a new report from the World Bank Group.
The report, Africa's Demographic Transition: Dividend or Disaster? says that with the right policies, such as reducing fertility rates, and increasing investments in education and health care, especially for women and girls, countries can reap the benefits of demographic change and thereby enhance the overall development of a nation.
view the Africa's Demographic Transition : Dividend or Disaster?
Source: World Bank
South Africa: Rand Falls Nearly Two Percent After Student Chaos
October 21, 2015--The rand fell sharply to R13.52 against the dollar as chaos erupted outside parliament where Finance Minister Nhanhla Nene delivered his Medium-Term Budget Policy Statement, also known as the mini budget.
The rand was trading almost 2% down from R13.27 before students and the Economic Freedom Fighters (EFF) in parliament attempted to disrupt the minister's speech.
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Source: AllAfrica.com
Nigeria: Foreign Oil and Gas Investors Are Watching Nigeria, Says Lawhead
October 20, 2015--The Managing Director of Oil and Gas Council, a global business network for senior oil and gas executives, Mr. Drake Lawhead has stated that foreign investors in the oil and gas industry are currently watching Nigeria, stressing that it is undeniable that Nigeria's foreign
direct investment has been hampered by the perception or fact of corruption and theft.
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Source: AllAfrica.com
Relaunch of the African Economic Outlook 2015 at the United Nations General Assembly in New York
October 19, 2015--On September 28, 2015, the AfDB relaunched the African Economic Outlook 2015 at the United Nations General Assembly in New York.
The 2015 Africa MDGs Report and the 2015 African Economic Outlook Report, are two reports that provide comprehensive and comparable data and analysis comprising economic, social and political trends in Africa.
view the 2015 Africa MDG report
view the http://www.africaneconomicoutlook.org/en/" TARGET="_top">view the African Economic Outlook 2015 report
Source: African Development Bank (AfBD)
Nigeria: Revealed-the De-Licensed Stockbrokers
October 13, 2015-At the close of business on Wednesday September 30th, 3015, some stockbrokers and other capital market operators lost their licence to operate in the market.
This was due to their inability to comply with the new minimum capital market requirement stipulated by the Securities and Exchange Commission (SEC).
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Source: allafrica.com
