EMerging Equity
Africa
Nigeria’s Deal With China Will Not Solve Its Problems
By Kira Munk At a recent business forum hosted in Beijing, Nigeria secured $6 billion USD worth of investments from the Chinese government. An unfortunate by-product of these plans is that short-term economic gains are being sought out at the expense of long-term parity that could contribute to the stability of the relationship. With a weakening … Continue reading
Copper Proves A Rocky Road For Zambia
By John Filitz The town of Luanshya, situated on Zambia’s copperbelt, serves as a bellwether for the country’s economy. However, political developments in Zambia are causing significant uncertainties in the copper industry. With a sustained annual GDP growth rate above 6%, driven primarily by copper, the past decade has been tumultuous for Luanshya. Founded as … Continue reading
What Nigeria Could Tell Us About China’s ‘Dollar’ Instability
By Jeffrey P. Snider, Alhambra Investment Partners On April 12, Muhammadu Buhari, President of Nigeria, was in Beijing to negotiate Chinese aid for his ailing country. At home, the government faces an enormous budget deficit largely on the price of oil. The more immediate threat, however, is that Nigeria in large part due to oil prices … Continue reading
The Trouble With GDP And Emerging Markets
By Diane Coyle Is Africa poor? Yes, compared to other regions of the world. But this apparently straightforward question is harder to answer than it seems. This shows why the technicalities involved in constructing GDP statistics matter a lot. Specifically, take the question of whether or not Ghana is officially a poor country. Aid organizations use … Continue reading
Kenya: Why The Recalibration Of The Banking Sector Is Good
By Anzetse Were Kenyans have been shaken by the number of bank closures over the past few months. The first was Dubai Bank in August 2015, Imperial Bank in October 2015 and more recently Chase Bank. Kenya’s most recent story in the banking sector from a development point of view was how it expanded financial … Continue reading
Zambia’s Currency Is Golden This Year As It Surges With Precious Metals
Zambia’s currency has performed better than 150 other currencies so far this year, and is expected to rise further as metal prices continue to rise. The Zambian kwacha suffered the world’s third-worst performance in 2015 falling 42 percent against the dollar, but has recovered to become this year’s best performer. A report from ETM Analytics, obtained by Bloomberg, shows that Zambia’s … Continue reading
Why The Panama Papers Are So Important For Africa
By Anzetse Were Last week a huge leak of confidential documents detailed how the wealthy and powerful use tax havens to hide their wealth. Eleven million documents leaked from Panamanian law firm Mossack Fonseca, were passed to German newspaper Suddeutsche Zeitung, which then shared them with the International Consortium of Investigative Journalists. One of the … Continue reading
More Troubles May Lie Ahead For Nigeria As MSCI Weighs Removal From Index
More troubles may lie ahead for Nigeria, Africa’s largest economy, as global equity index provider MSCI is considering dropping the nation from its benchmark Frontier Markets Index, which could put $500 million of equity investment under threat. On Thursday MSCI announced that it’s considering removing the country from its Frontier Markets Index, blaming currency restrictions imposed by … Continue reading
Renewable Energy: A Bright Spot For Africa
By Anzetse Were As the world begins to respond to the reality of climate change, generating renewable energy has become an important component of managing the issue. Indeed, the amount of money committed to renewable energy investment totalled $286 billion last year, up 5 percent from $273 billion in 2014. Interestingly the part of the … Continue reading
Motion To Impeach President Zuma To Be Debated By South African Parliament This Week
South Africa’s parliament will this week debate a motion to impeach president Jacob Zuma, after a top court ruled the president had violated the constitution. South Africa’s constitutional court ruled on Thursday that Zuma had failed to uphold the constitution by ignoring orders from the public protector that he repay some of the $16m in state … Continue reading
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