THE 2014 edition of the African Development Bank’s African Development Report, on the theme of “Regional integration at the service of inclusive growth”, has officially been launched at the Bank’s headquarters in Abidjan today.
Category: Capital Market
Financial Stability At risk As Oil Debt Grows
PLUNGING oil prices are creating fresh risks to the global financial system, with figures showing that emerging market energy companies have built up more than $100 billion in offshore debt.
Research: Trades Between Gulf States And Africa Rising
GULF Co-operation Council (GCC) countries are placing more attention on new markets in east, west and southern Africa as their trade flows with the continent expand, according to a report released by the Economist Intelligence Unit (EIU) in conjunction with Falcon and Associates.
Interest Rates Remain At 0.5 Per cent Until After Election
INTEREST rates will not rise until well after the general election, the Bank of England has signaled, as it warned that inflation may soon fall below 1 per cent.
Cost Of Doing Business Goes Up As Key Policy Hikes
COST of doing business in Ghana is expected to go up following the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) decision to increased its policy rate from 19% to 21%.
Analysts Raise Red Flags Over Single Currency
CURRENCY and banking analysts have slammed the Economic Community of West African States (ECOWAS) for its frequent postponement of the deadline for the adoption of a single currency.
AfDB Reaffirms Support To Geothermal Dev’t In East Africa
THE African Development Bank (AfDB) has reaffirmed its on-going support to the development of geothermal power in the East Africa Rift Valley region.
Islamic Finance Seeks to Capture New Growth Opportunities In Africa
THE 3rd Annual Islamic Banking Summit Africa (IBSA Djibouti 2014), which opened today at the Djibouti Palace Kempinski, saw more than 200 leaders in the international Islamic banking and finance industry engage in detailed discussions that focused on ‘capturing the Africa opportunity in Islamic finance’.
Moody’s Downgrades Mauritius Commercial Bank
MOODY’S Investors Service, a United States-based leading provider of credit ratings, research, and risk analysis has downgraded Mauritius Commercial Bank Ltd’s long-term and short-term deposit ratings to Baa3/Prime-3 from Baa1/Prime-2.
NSE Becomes Full Member Of World Federation Of Exchanges
THE Nigerian Stock Exchange ( NSE) has received a unanimous vote for admission as a full member in the World Federation of Exchanges (WFE), the global trade association for the operators of regulated securities exchanges.