Economy

October 24, 2017

Africa Update: Moody’s downgrades Angola’s ratings to B2, outlook stable

Moody’s Investors Service has today downgraded the long-term issuer and senior unsecured ratings of the Government of Angola to B2 from B1 and changed the outlook […]
October 24, 2017

Nigeria Update: Stock market reopens negative, indices down by N60 billion

Transactions on the Nigerian Stock Exchange witnessed another drop in share prices at the reopening of trading yesterday, following losses suffered by major highly capitalised stocks, […]
October 24, 2017

Nigeria Update: Experts opt for local currency deals in infrastructure financing

Capital market stakeholders have renewed call for government to accelerate economic growth through mobilisation of domestic currency financing for infrastructure and other capital projects from the […]
October 23, 2017

Africa Update: UK to invest $4 billion in Africa with focus on Côte d’Ivoire and Senegal

The Commonwealth Development Corporation (CDC), UK’s finance development institution, plans to spend a little more than $4 billion in Africa over the next five years, in the […]