Africa

    The Dangote Group, Africa’s leading indigenous conglomerate, has become the latest entity to join the African Export-Import Bank (Afreximbank) as a shareholder.

    The World Bank is downgrading its 2016 global growth forecast to 2.4% from the 2.9% pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows.

    A leading growth markets investor, Actis, has announced that it has reached final close on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (ARE3) with commitments totalling more than $500 million, comfortably exceeding its original $400 million target.

    The Central Bank of West African States (BCEAO) left its key policy rates steady, saying inflation is projected to be in line with the target in the horizon of 24 months while economic activity is continuing at a "robust pace."

    More Articles …

    1. Barclays attracts over 100 bids for its African unit sale
    2. Afreximbank raises $750 million after issuing Eurobond
    3. Africa to grow by 3.7% in 2017 and 4.5% in 2017, AfDB says
    4. Investors Targeting African Banks Despite High Risks - Fitch
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    african indices

    BRVM-CI325.14-0.31%03/10
    BSE DCI10,610.53-03/10
    DSE ASI2,484.57+0.27%03/10
    EGX 3036,900.70+0.36%02/10
    GSE-CI8,410.56+0.53%03/10
    JSE ASI109,778.10+1.56%03/10
    LuSE ASI25,276.85-0.09%03/10
    MASI18,820.18+1.95%03/10
    MSE ASI600,469.03+1.26%03/10
    NGX ASI143,584.04+0.42%03/10
    NSE ASI178.50-0.26%03/10
    NSX OI1,962.75+1.75%03/10
    RSE ASI179.26+0.06%03/10
    SEM ASI2,192.87+0.29%03/10
    TUNINDEX12,288.18-0.78%03/10
    USE ASI1,466.72+0.21%03/10
    ZSE ASI205.16-0.51%03/10
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