This tag is associated with 4 posts

Emerging Market Currencies Perfectly Positioned To Crash Following The Devaluation Events in China, Vietnam And Kazakhstan

Kazakhstan’s currency fell by a record 23% in trade on Thursday, August 20th, after the country abandoned control of its exchange rate, as it became the latest emerging market to scrap efforts to prop up its currency before the U.S. Federal Reserve hikes interest rates. Vietnam’s Central bank has devalued the nation’s currency on Wednesday, August 19th, for the … Continue reading

Barclays Upgrades Nigeria Unit, Seeks To Expand Operations In Africa

“Barclays Africa Group Ltd.’s corporate and investment banking unit has approached Nigerian authorities for approval to convert its representative office to a fully-fledged business in the continent’s biggest economy,” Bloomberg reported today. The whole process to obtain the Nigerian licence may take around 12 months. Currently the following banks have operating licences in Nigeria: Standard … Continue reading

Oil Prices And The Impact On African Economies

Impact of the decline in oil revenue prompts austerity measures in high producing states. . By Abayomi Azikiwe Editor, Pan-African News Wire During 2014 many western-based financial publications declared that the Federal Republic of Nigeria had surpassed the Republic of South Africa as the largest economy on the continent. Nigeria relies heavily on oil exports … Continue reading

IMF Reduced Its Growth Projections for West Africa Due to Ebola Outbreak

The 2014 outbreak in West Africa is definitely the largest and most complex Ebola outbreak since the discovery of the virus in 1976. There have been more cases and deaths in this outbreak than all others combined. Ebola, also known as Ebola hemorrhagic fever or Ebola viral disease, is a rare and deadly illness caused by … Continue reading

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