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Rand fragile against the dollar
September 2, 2014--The rand has fallen to its lowest level in a week against the dollar,
as another indicator showing domestic economic weakness pushed the currency lower.
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Source: FIN24
JSE advances as Bidvest jumps
September 1, 2014--Stocks have ticked higher as Bidvest Holdings advanced after the industrial conglomerate announced it could list
its food unit in London.
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Source: FIN24
Rand treads narrow path
September 1, 2014--The rand has traded largely flat against the dollar in a lacklustre session,
with weak domestic economic fundamentals likely to keep the currency under pressure.
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Source: FIN24
Africa: Less Truth in Africa Rising Meme
August 31, 2014--Before, during and after the US Africa summit, one of the most frequently repeated factoids supporting the Africa Rising meme was that 'seven out of the ten fastest growing economies are in Africa'.
In reality, this is both a far less accurate and much less impressive statistic than it sounds. More generally, narratives on African economic development tend to be only loosely connected to facts and driven more by hype.
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Source:AllAfrica.com
Nigeria: Stock Market Rebounds As Index Rises By 0.58 Percent
August 29, 2014--Investors in the Nigerian equities market hived a sigh of relief yesterday,
as the market returned to positive territory following the drive by bargain hunters to take advantage of highly discounted stocks.
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Source: AllAfrica.com
Growth seen for African trio
August 29, 2014--ECONOMIC growth in Nigeria, Kenya and Zambia will accelerate over the next two years while Ghana's economy is likely to struggle in the short term as its government is forced to rein in spending, a Reuters poll showed on Thursday.
While the Ebola virus outbreak in West Africa remains a serious concern, it does not pose a serious risk to the rest of Africa for now because its spread so far has been limited, economists say.
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Africa: No Economic Reason to Delay Climate Action-Global Commission view more
Nigerian and African economies...after the rebasing view more
AFDB-West Africa Monitor Quarterly, Issue 3 "West Africa's growth remains strong in the first half of the year and the region is arguably one of the fastest growth engines for Africa", says Emanuele Santi, AfDB regional economist for West Africa and coordinator of the report. view the AFDB-West Africa Monitor Quarterly, Issue 3
RAK Bank gets nod for buying into RAK Insurance view more
Source: Bd live
August 29, 2014--Acting to curb climate change makes economic sense, even before counting the benefits of lower risks from climate threats, an upcoming report by leading financial, business and political officials will say.
But that action must happen soon, or the world will be locked into dangerous levels of climate change that will disrupt economies and lives for decades or centuries to come, the report will warn.
Source: allAfrica.com
August 28, 2014--Charts circulated by Reuters today (28 Aug) show the rebased Nigerian economy as much bigger than sluggish South Africa, and followed by Egypt, Algeria, Angola and Morocco.
They also show Africa's fastest-growing large economies over 2010-13, with oil-fuelled Ghana leading the pack with historic growth of 10.2% a year, followed by non-commodity driven Ethiopia (9.0%), Zambia (6.7%) and the rebased Nigeria at 6.4% a year.
Source: African Capital Markets News
August 25, 2014--In its first section, the publication provides a regional overview of the main trends in the region, with the resurgence of violence in some countries, and the economic challenges faced by others.
The African Development Bank released on August 21 its latest edition of the West Africa Monitor Quarterly. The report follows key socio-economic developments in the region and provides brief analysis on latest events across the countries.
Source: African Development Bank Group
August 19, 2014--The Abu Dhabi stock market index ADXGI closed insignificantly higher at 5,053.40 points on Tuesday, August 19.
National Bank of Ras Al-Khaima, better known as RAK Bank, edged up by 1.56 per cent to close at AED9.75.
Source: FIN24
